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Apple quickly buys back $14 bn in shares

Apple gobbled up $14 billion worth of its shares in the two weeks after earnings figures disappointed the market, chief executive Tim Cook said in an interview published Thursday. Cook told The Wall Street Journal that the maker of iPads, iPhones, iPods and Macintosh computers was "surprised" by a drop in share price triggered by the quarter results and wanted to be "opportunistic." Including the shares bought after the release of earnings results on January 27, California-based Apple has bought back more than $40 billion worth of its stock, according to the Journal.

This week's top 10 paid and free apps for iPhone and iPad on the App Store

App Store Official Charts for the week ending Feb 3, 2014: Top Paid iPhone Apps: 1. "Cycloramic Studio 360 Panorama", Egos Ventures 2. "Cycloramic Pro", Egos Ventures 3. "Slayin", FDG Entertainment 4. "Minecraft - Pocket Edition", Mojang 5. "Heads Up!", Warner Bros. 6. "Hide N Seek : MC Mini Game With Worldwide Multiplayer", wang wei 7. "Afterlight", Simon Filip 8. "Dark Sky - Weather Radar, Hyperlocal Forecasts, and Storm Alerts", Jackadam 9. "Red Bouncing Ball Spikes", Louis Leidenfrost

This week's top 10 paid and free apps for iPhone and iPad on the App Store

App Store Official Charts for the week ending Feb 3, 2014: Top Paid iPhone Apps: 1. "Cycloramic Studio 360 Panorama", Egos Ventures 2. "Cycloramic Pro", Egos Ventures 3. "Slayin", FDG Entertainment 4. "Minecraft - Pocket Edition", Mojang 5. "Heads Up!", Warner Bros. 6. "Hide N Seek : MC Mini Game With Worldwide Multiplayer", wang wei 7. "Afterlight", Simon Filip 8. "Dark Sky - Weather Radar, Hyperlocal Forecasts, and Storm Alerts", Jackadam 9. "Red Bouncing Ball Spikes", Louis Leidenfrost

Icahn snaps up Apple shares as price dips

Activist investor Carl Icahn fired off word on Tuesday that he beefed up his Apple stock holdings by a half-billion dollars as the share price dipped. "Just bought $500 mln more $AAPL shares," Icahn said in a message on Twitter. "My buying seems to be going neck-and-neck with Apple's buyback program, but hope they win that race." The move came as Apple shares were down about eight percent in the wake of a quarterly earnings report that showed record iPhone and iPad sales but noted that weaker profits may be ahead in the fiercely competitive mobile gadgets market.

Business Highlights

___ Global stock declines continue NEW YORK (AP) — Shaky economies and plunging currencies in the developing world are fueling a global sell-off in stocks. Fearful investors on Monday pushed prices lower across Asia and Europe, though many of the drops weren't as steep as last week. In the U.S. and in other rich countries, where economies are healthier, investors also retreated, but the selling was not as fierce. The Dow Jones industrial average slipped 41.23 points, or 0.26 per cent, to 15,837.88. The Standard

US fires back at Apple bid to thwart e-book monitor

US prosecutors on Friday fired back at Apple's bid to derail a court-ordered monitor in its e-book price-fixing case. Apple is out of line asking for an emergency order stopping the monitor from tending to business until the outcome of an appeal in the case, Mark Ryan of the US Department of Justice argued in a court filing. Ryan held firm that assigning the monitor was backed by law and sound judgment, and that Apple has been "stonewalling" to prevent oversight of the company.

Judge chides Apple for blocking e-book monitor

A federal judge Thursday rejected Apple's request for more time to comply with a ruling on e-book price-fixing, while chastising the company for failing to cooperate with a court-appointed monitor. US District Judge Denise Cote denied Apple's request to delay enforcement of the order that stems from a ruling in July that Apple illegally colluded with book publishers to fix prices. She gave Apple only until Monday to accept compliance, but said it could get an extension from an appellate court if it files a request by Saturday.

Want to quit your job? New app does it for you via text message

By Natasha Baker TORONTO (Reuters) - Thinking about quitting your job? A humorous new app aims to relieve the stress and anxiety of confronting the boss with the news by sending a text message instead. Although the new iPhone app is meant to be funny, its creators are hoping it will take off and people will use it to leave jobs. The Quit Your Job app takes users through a series of steps to determine why they are leaving and then crafts a text message that is sent directly to their boss.

Apple says customers spent $10 billion in its app store in 2013, $1 billion in December

NEW YORK, N.Y. - Apple says people spent more than $10 billion in its app store last year, on apps such as "Minecraft," ''Angry Birds Star Wars" and "Sleep Cycle" alarm clock. December was the most successful month in the store's history, as customers spent $1 billion that month. Apple says the year's total was also a record. There are more than a million apps available in the app store for the iPhone, the iPad and the iPod Touch. Besides games, there are newspapers, magazines, travel, business and health and fitness apps, among others.

Tablets increasingly popular with small children, but some worry about the long-term effects

NEW YORK, N.Y. - Tablet computers are so easy to use that even a 3-year-old can master them. And that has some pediatricians and other health experts worried. Since navigating a tablet generally doesn't require the ability to type or read, children as young as toddlers can quickly learn how to stream movies, scroll through family photos or play simple games.
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