Apple released quarterly earnings on Tuesday that beat Wall Street's bearish expectations. Investors have done a pessimistic about-face on Apple since the company's stock price topped $700 in September. Apple's earnings were lower than a year ago for the first time in a decade. But Apple did offer investors some goodies — it increase its dividend and added $50 billion to a stock buyback program.
Energy companies are using a drilling technique known as fracking to extract natural gas underground. Many people raise questions about the environmental impact, but there is no doubt fracking has produced lots of natural gas and driven down the price. That has led energy-hungry manufacturers to build plants in fracking hot spots like Texas and Pennsylvania. But even in old factories — far from the drilling or even the pipelines — cheap natural gas is providing a competitive edge.
It quickly became clear that the "news" was not true. There had been no explosions at the White House and President Obama was fine. But a message on the wire service's Twitter account rattled investors.
The settlement agreement between the Department of Justice and Anheuser-Busch InBev will allow the mammoth beer company to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico, and other beers.
On Monday, the staff of the Chicago Tribune sent salads, sodas and dozens of pizzas to their counterparts at the Boston Globe. The food arrived at the paper's newsroom with a note commending the Globe for its tenacious coverage through an exhausting and heartbreaking week.
As Internet users injected themselves into the investigation of the Boston Marathon bombings, false rumors began to spread about possible suspects in the attack. One of those falsely accused in social media was a 22-year-old Brown University student who has been missing. The general manager of Reddit has now apologized to the student's family.
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