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AP Top Business News At 7 a.m. EST

After setting iPhone record, what does Apple do next?
SAN FRANCISCO (AP) -- Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and primed its stock for a rally Wednesday....

China criticizes Alibaba in report withheld until after IPO
BEIJING (AP) -- Chinese regulators accused e-commerce giant Alibaba of permitting sales of fake goods and hurting consumers in a report that was withheld until now to avoid disrupting the company's U.S. stock market debut....

Record iPhone sales drive blowout quarter for Apple
SAN FRANCISCO (AP) -- Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season....

China's yuan joins top 5 most-used global currencies
BEIJING (AP) -- China's yuan has become one of the five most widely used currencies in global payments, an international financial transactions agency announced Wednesday....

Alibaba spinoff likely to increase scrutiny on Yahoo CEO
SAN FRANCISCO (AP) -- Yahoo CEO Marissa Mayer is losing a precious security blanket now that she is spinning off the Internet company's prized stake in China's Alibaba Group....

Stocks drift as weak US earnings add to growth concerns
BEIJING (AP) -- Global stocks drifted Wednesday after weak earnings from several U.S. companies added to global growth concerns as investors waited for the U.S. Federal Reserve's latest statement on monetary policy....

Anthem raises dividend almost 43 pct, tops 4Q forecasts
INDIANAPOLIS (AP) -- Anthem is hiking the quarterly dividend it pays shareholders nearly 43 percent after reporting fourth-quarter results that topped Wall Street expectations....

Greek leader: negotiating debt solution a priority
ATHENS, Greece (AP) -- Greece's new leftist prime minister says his government's top priorities are negotiating with creditors to resolve the country's debt problems and dealing with what he describes as a humanitarian crisis....

CommScope buying some of TE Connectivity ops for about $3B
HICKORY, N.C. (AP) -- CommScope is buying TE Connectivity's telecom, enterprise and wireless businesses for about $3 billion, which will help diversify its operations and broaden its geographic reach....

H&M posts rise in quarterly profit, plans 400 new stores
STOCKHOLM (AP) -- Swedish fashion retailer Hennes & Mauritz says its earnings rose by 12 percent in the fourth quarter, boosted by expansion in the United States and China....

Business Video
Multimedia
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
China's yuan joins top 5 most-used global currencies

Anthem raises dividend almost 43 pct, tops 4Q forecasts

H&M posts rise in quarterly profit, plans 400 new stores

Electrolux swings to profit despite sagging income in US

German consumer confidence at 13-year high

Fed is expected to remain 'patient' about a first rate hike

Volkswagen, Audi, Porsche issue recalls for fuel leaks

American Airlines 4th-qtr profit gets lift from cheap fuel

Amgen tops Street 4Q forecasts

Airlines begin digging out from storm in northeastern US


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