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Apple buys back $14bn stock since results

Tim Cook

Apple has repurchased $14 billion worth of its stock in the last two weeks after dismal first-quarter results, the Wall Street Journal reported quoting Chief Executive Tim Cook.

Sony exits PC business, warns of full-year loss

Sony Logo

Sony on Thursday unveiled major restructuring measures to turn its fortunes around, including exiting its PC business and spinning off its TV operations, but warned that it expects to post a full-year loss as a result of the overhaul.