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Apple edges out ExxonMobil to become most valuable U.S. company

Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value. Apple shares were up 6.83 percent at $449.12 in early trading on Wall Street, giving the maker of the iPhone, iPad, iPod and Macintosh computer a market capitalization of…

HP shares plunge 20 percent on Wall Street

Hewlett-Packard shares plunged 20 percent on Wall Street after the world’s top personal computer maker announced a dramatic strategic shakeup that includes spinning off its PC business. Shares in HP lost 20.03 percent Friday to close at $23.60, wiping more than $12 billion off the Palo Alto, California-based firm’s market…

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