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BUSINESS
October 28, 2013 | By Chris O'Brien
Apple Inc. announced earnings largely in line with Wall Street's expectations as sales of iPhones climbed while the iPad remained flat. The company reported revenue in the fourth quarter of its 2013 fiscal year of $37.5 billion, up from $35.97 billion a year earlier. That number topped analysts' estimates of $36.84 billion and Apple's own guidance from last month of around $37 billion.  "We're pleased to report a strong finish to an amazing year with record fourth-quarter revenue, including sales of almost 34 million iPhones," said Tim Cook, Apple's chief executive, in a new s release.
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BUSINESS
January 10, 2013 | By Charles Fleming
BMW broke company records for motorcycle and scooter sales in 2012, with a 2% rise in overall sales and a whopping 15.7% jump for its Husqvarna line. The German company announced Wednesday that sales were highest in Germany, followed by the U.S. and France. Overall, it shipped more than 106,000 bikes, up from 104,000 in 2011. BMW's popular R1200GS was the most successful model, with sales of more than 17,000 units in its final production year. Following it were the F800GS, with about 11,500 units, and the R1200GS Adventure, with 10,200.
BUSINESS
September 19, 2012 | Bloomberg News
Intuit Inc. Chief Executive Brad Smith said the company didn't bring its "A game" last year and will speed up development of mobile software and undertake other initiatives to turn more online shoppers into paying customers. Refining products such as TurboTax and QuickBooks can bring Intuit more paying customers and translate into at least 5 percentage points of sales growth, Smith said at a meeting with financial analysts Tuesday at Intuit headquarters in Mountain View, Calif. "It was a solid year — it was not our best year," Smith said of fiscal 2012, which ended in July.
BUSINESS
April 25, 2013 | By Chad Terhune
Altria Group Inc., the largest U.S. tobacco company, said Thursday it will introduce an electronic cigarette this year amid a continuing slump in sales of its top-selling Marlboro brand. Some of Altria's competitors -- including Lorillard Inc., with its blue eCigs brand, as well as smaller rivals such as NJOY -- have been quicker to seize on the rising popularity of e-cigarettes. E- cigarettes are battery-powered devices that heat liquid nicotine in a disposable cartridge and produce a vapor that's inhaled.
ENTERTAINMENT
September 23, 2009 | Associated Press
Dan Brown's new novel has passed the 2 million mark and bested Bill Clinton's "My Life" in the record books. Doubleday announced Tuesday that hardcover, audio and e-book sales for "The Lost Symbol" topped 2 million copies for its first week of release in the United States, Britain and Canada. The total is "well over" 2 million for English-language editions worldwide, according to Doubleday spokeswoman Suzanne Herz, who declined to offer a specific number. Herz did say that around 5%, or 100,000 copies, of "The Lost Symbol" were sold as e-books.
BUSINESS
June 17, 2009 | W.J. Hennigan
Lakers fans aren't letting the recession rein in their parade. Los Angeles sports retailers are reporting record sales as adoring fans snap up championship T-shirts, hats and flags. The outpouring of pride is more than welcome for business owners, who have been fighting a down economy for months. "Winning a championship seems to be curing a lot of people's blues," said Sean Ryan, vice president of merchandise for Anschutz Entertainment Group, owner and operator of Staples Center.
BUSINESS
October 30, 2012 | By Stuart Pfeifer
Allergan Inc. is considering selling its Lap-Band weight-loss unit amid rapidly declining sales and a swarm of negative publicity about patient deaths and a criminal investigation of one of its former customers. Word of the potential sale came the same day the company disclosed that sales of the Lap-Band fell for the fifth consecutive quarter. The company reported $37.4 million in Lap-Band sales for the third quarter of 2012, a 25% decline from one year ago and 53% less than it sold in the third quarter of 2008.
ENTERTAINMENT
June 7, 2013 | By Meg James
The broadcast television advertising market is in full swing, with the top-rated CBS network once again leading the pack. By Friday afternoon, CBS was close to finishing its advance advertising sales for the 2013-14 television season, notching rate increases of 6% to 7.5%, according to people familiar with the negotiations. CBS is expected to wrap the annual auction with $2.5 billion in commitments for prime-time commercials. A year ago, CBS finished the auction with higher rate increases -- ranging from 8% to 10% -- for a total haul of $2.6 billion.
NEWS
March 1, 2011 | By Mary Forgione, Tribune Health
Sales and possession of Spice, Blaze and other "fake" marijuana products were outlawed for at least a year Tuesday by a federal agency that expressed concern about teens being harmed by smoking such products, according to an announcement. The Drug Enforcement Administration took aim at the products said to create a marijuana-like high. It used its emergency authority to ban five chemicals in such products: JWH-018, JWH-073, JWH-200, CP-47,497 and cannabicyclohexano. "These products consist of plant material that has been coated with research chemicals that claim to mimic THC, the active ingredient in marijuana, and are sold at a variety of retail outlets, in head shops, and over the Internet," the DEA announcement says.
BUSINESS
June 12, 2009 | Alex Pham
Consumers, daunted by the recession, hit the pause button on buying video games in May. The game industry last month racked up $863.3 million in sales of games and consoles, the first time since August 2007 that monthly sales came in less than $1 billion, according to a report released Thursday from market research firm NPD Group Inc. Sales of game consoles took a big hit last month, dropping 30% to $302.5 million from $433 million in May 2008.
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