NEW YORK (AP) — Stocks are little changed in the early going on Wall Street, following two days of gains. Investors are waiting for this afternoon’s release of minutes from the Federal Reserve’s last policy meeting.
SAN FRANCISCO (AP) — Apple’s stock has touched a new high. Apple shares hit $100.77 this morning, giving it a market value of roughly $600 billion — more than any other publicly held company. That marks a dramatic turnaround since April of last year, when the stock fell to a split-adjusted $55.01 amid fears that Apple had run out of ideas after the death of CEO Steve Jobs.
NEW YORK (AP) — Target has slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing expansion in Canada and sluggish sales in the U.S. The nation’s third-largest retailer also says its second-quarter earnings dropped 61.7 percent.
MOORESVILLE, N.C. (AP) — Lowe’s says its second-quarter net income increased 10 percent, bolstered by improving weather. That beat analysts’ expectations, but the home improvement company also lowered its full-year revenue outlook slightly.
NEW YORK (AP) — Barnes & Noble and Samsung have unveiled a new co-branded tablet called the Samsung Galaxy Tab 4 Nook that will replace the bookstore chain’s own Nook tablets. The 7-inch tablet will sell for $179 after a $20 instant rebate, the same entry price of the non-branded Samsung Galaxy Tab 4. For the first time, the Nook will have a front- and rear-facing camera.
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