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U.S. markets news

Apple Increases Earnings, Stock Buyback
Chief Executive Tim Cook said the company chose to expand its stock-buyback program by $30 billion because it views the company's shares as undervalued.
IPhone sales drive strong Apple earnings  PCWorld
Apple Q2: iPhone blasts expectations, makes up for iPad decline  ZDNet
USA TODAY   Related articles »  
Facebook blows past estimates, reports big gains in revenue and profit
Facebook crushed expectations with its first-quarter financial results. The world's biggest social network reported profit of $642 million for the three months ended March 31, nearly three times its profit of $219 million in the year-earlier period.
Facebook mobile sales surge, CFO to exit  CNET
UPDATE 2-Facebook Q1 revenue grows 72 percent on rising mobile ads  Reuters
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Identity theft is a taxing problem for Oak Bluffs builder
Raymond Sylvia of Oak Bluffs, a victim of identity theft, was surprised to find that someone else had filed for his income tax return.
IRS awards bonuses to 1100 who owe back taxes  SFGate
IRS gave bonuses to employees who owed back taxes  CW39 NewsFix
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Wall Street snaps six-day run; Apple to split stock
NEW YORK (Reuters) - U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.
How the Dow Jones industrial average did Wednesday  Washington Post
Stocks Fall as Traders Review Earnings, Housing Data  Fox Business
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New home sales drop nationally in March
Sales of newly built, single-family homes fell 14.5 percent to a seasonally adjusted annual rate of 384,000 units in March, according to data released today by the U.S.
New-Home Sales Fall to 8-Month Low, in Blow to Housing Recovery  New York Times
US new home sales hint at prolonged housing weakness  Reuters
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Apple increases stock buyback, will split stock
CUPERTINO, Calif. - Apple plans to buy back an additional $30 billion of its stock, raise its quarterly dividend by 8 percent and split its stock for the first time in nine years.
Apple Boosts Buyback, Earnings Top Forecasts  Wall Street Journal
When Apple's Tim Cook didn't like stock splits  Fortune
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It's 'Game Over' as Zynga founder Mark Pincus leaves company
Zynga's Mark Pincus will no longer be involved with the day-to-day operations at the company he co-founded seven years ago. The announcement came Wednesday morning along with the company's results for the first quarter.
Zynga's Pincus Gives Up Operational Role Amid Shakeup  Businessweek
Zynga founder gives up operational role  Financial Times
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Spring hasn't sprung for March home sales
Home sales in the region fell in March from a year ago despite optimism of pickup in activity. Loading´┐Ż Post to Facebook. Spring hasn't sprung for March home sales on cincinnati.
Mass. single-family home sales fell in March  Boston Globe
Distressed home resales decline in SD  San Diego Source (subscription)
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Qualcomm's quarterly revenue growth dwindles, shares fall
SAN FRANCISCO (Reuters) - Qualcomm Inc (QCOM.O) on Wednesday posted its smallest quarterly revenue increase since 2010 as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.
Qualcomm Sales May Miss Estimates; SEC Sends Wells Notice  Bloomberg
Qualcomm sales, outlook disappoint; shares off 4%  MarketWatch
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Buffett Open to Future Housing-Finance Role for Berkshire
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc. (BRK/A), said he's open to the possibility of his company eventually becoming more involved in housing finance once U.S.
Berkshire Hathaway can't find critic for meeting  SFGate
Buffett says Coke employee equity pay plan is 'excessive'  Financial Times
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