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Apple says more than 5 million iPhone 5s sold

Apple says more than 5 million iPhone 5s sold
By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Apple Inc. said Monday that it sold more than 5 million iPhone 5s in the three days since its launch, fewer than analysts had expected. Apple shares fell $9.30, or 1.3 percent, to close at $690.79 on Monday. The shares hit an all-time high

Apple says more than 5 million iPhone 5s sold

Apple says more than 5 million iPhone 5s sold
By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Apple Inc. said Monday that it sold more than 5 million iPhone 5s in the three days since its launch, fewer than analysts had expected. Apple shares fell $9.30, or 1.3 percent, to close at $690.79 on Monday. The shares hit an all-time high

Economists say US needs more taxes, spending cuts

Economists say US needs more taxes, spending cuts
By SCOTT MAYEROWITZAP Business Writer NEW YORK (AP) - The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to a group of economists. The 236 members of the National Association for Business Economics recently surveyed say the country

New SARS-like virus detected in Middle East

New SARS-like virus detected in Middle East
By MARIA CHENGAP Medical Writer LONDON (AP) - Global health officials are closely following a new respiratory virus related to SARS that is believed to have killed at least one person in Saudi Arabia and left another person in critical condition in Britain. The germ is a coronavirus, from a

German business optimism drops 5th month in row

German business optimism drops 5th month in row
By DAVID McHUGHAP Business Writer FRANKFURT, Germany (AP) - Business optimism in Germany fell for the fifth month in a row, a closely-watched survey showed Monday, in another sign that Europe's debt crisis is weighing on the continent's largest economy. The Ifo index dipped to 101.4 in

Customs delaying some Japanese imports to China

Customs delaying some Japanese imports to China
By MALCOLM FOSTERAssociated Press TOKYO (AP) - Japanese exporters are facing delays in shipments to some Chinese cities due to stepped-up customs inspections as tensions between the two countries over disputed islands remain elevated. The delays in shipments to China have been caused by

In Europe crisis, connection culture stifles youth

In Europe crisis, connection culture stifles youth
By FRANCES D'EMILIOAssociated Press ROME (AP) - Maria Adele Carrai has two master's degrees from Italian universities in economics and Asian languages and is now earning her Ph.D. in international law in Hong Kong. Her linguistic credentials are formidable: Besides native Italian, she

Toyota plans expanded range of hybrids

Toyota plans expanded range of hybrids
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Toyota Motor Corp. is boosting its green vehicle lineup, with plans for 21 new hybrids in the next three years, a new electric car later this year and a fuel cell vehicle by 2015 in response to growing demand for fuel efficient and environmentally

Apple supplier halts China factory after violence

Apple supplier halts China factory after violence
By JOE McDONALDAP Business Writer BEIJING (AP) - The company that makes Apple's iPhones suspended production at a factory in China on Monday after a brawl by as many as 2,000 employees at a dormitory injured 40 people. The fight, the cause of which is under investigation,

Apple supplier halts China factory after violence

Apple supplier halts China factory after violence
By JOE McDONALDAP Business Writer BEIJING (AP) - The company that makes Apple's iPhones suspended production at a factory in China on Monday after a brawl by as many as 2,000 employees at a dormitory injured 40 people. The fight, the cause of which is under investigation,