HomeBusiness News – Apple Inc, United States, Tim Cook, Spain – Jan 24, 18:45BusinessBusiness News – Apple Inc, United States, Tim Cook, Spain – Jan 24, 18:45

Business News – Apple Inc, United States, Tim Cook, Spain – Jan 24, 18:45

Wall Street gains for seventh day, despite Apple
NEW YORK (Reuters) – The S&P 500 surged through 1,500 on its seventh day of gains, underpinned by positive economic news, even as Apple shares slid nearly 11 percent following a revenue miss.

Stocks: Tech shares dragged down by Apple
U.S. stocks were mixed at the open Thursday, with a sharp sell-off in Apple dragging down the tech sector.

Apple still in the dog house with Wall Street
Investors are still worried about the company’s growth the morning after it reported its fiscal first-quarter results. [Read more]

Apple Is Killing It in China, and Cook Says That’s Just the Start
Wondering why Apple just made Greater China a new operating segment? Here’s your answer.

Spain: Unemployment Rate Jumps To Record 26 Percent
MADRID (AP) â?? Spain’s unemployment rate shot up to a record 26.02 percent in the fourth quarter of 2012, leaving almost six million people out of work, the National Statistics Institute said Thursday. The rate rose from 25.02 percent in the third quarter as the country’s recession deepened. Over the year, 691,700 more people lost their jobs, the institute said, adding that there were now 1.8 million households in which no one was employed. Spain is in the throes of its second recession in just over three years following the collapse of its once-booming real estate sector in 2008. Battling to reduce a swollen deficit and avoid a bailout, the year-old conservative government has made major financial and labor reforms and applied severe austerity measures such as cutbacks in wages and spending as well as tax increases. The austerity measures are aimed at lowering the deficit, but are hurting the economy in the short-term, while the reforms will only help growth in the longer-term. That means the economy will suffer more before it recovers. The central bank this week estimated that the recession deepened in the fourth quarter of last year, the economy shrinking by 0.6 percent compared with the previous three-month period. It was the sixth consecutive quarterly contraction.



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