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  • 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. Apple said Tuesday that it sold 74.5 million iPhones…

  • Where did the snow go? Blizzard was a miss, but not a bust

    In the wild world of winter weather, location is everything, which New York and Massachusetts learned too well Tuesday. Small last-minute changes in the air morphed what was supposed to be crippling feet of snow…

  • White House drops plan to scale back college savings plans

    WASHINGTON (AP) — The White House said Tuesday it is dropping a proposal to scale back the tax benefits of college savings plans amid a backlash from both Republicans and Democrats. President Barack Obama made…

  • Jobless-rate moves in 2014: Colorado best, Louisiana worst

    WASHINGTON (AP) — Colorado’s unemployment rate fell by a third. Louisiana’s jumped nearly a quarter. Across the country, changes in unemployment rates varied from state to state in 2014, but collectively the numbers pointed to…

  • Pentagon docs: Obama to request big Pentagon budget hike

    WASHINGTON (AP) — Pentagon documents show that President Barack Obama is going to ask Congress for a hefty, almost 8 percent boost for the Defense Department. Obama will ask for $534 billion for the core…

  • How the Dow Jones industrial average fared Tuesday

    U.S. stocks closed lower on Tuesday after disappointing outlooks from Caterpillar and Microsoft raised worries about future profit growth at companies. An unexpected drop in U.S. orders of long-lasting goods also weighed on the markets.…

  • Democrats put brakes on Iran sanctions bill

    WASHINGTON (AP) — Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the…

  • Big costs drag AT&T to 4Q loss, but revenue up 4 percent

    DALLAS (AP) — AT&T booked a nearly $4 billion loss for the fourth quarter because of a slew of one-time expenses that included a loss on benefit plans, but its revenue grew 4 percent to…

  • Tuesday’s Sports Transactions

    BASEBALL Major League Baseball OFFICE OF THE COMMISSIONER — Suspended Los Angeles Dodgers LHP Robert Carson (Oklahoma City-PCL) and OF Theo Alexander (Ogden-Pioneer) and free agent RHPs Kramer Champlin and Kyle Simon 50 games each…

  • Yahoo to spin off Alibaba stake into separate company

    SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer is spinning off the company’s prized stake in China’s Alibaba Group Holding in a move that will enable Yahoo to avoid paying billions of dollars in future…

  • Obama sees need to move on drone rules now

    WASHINGTON (AP) — President Barack Obama says the wayward quadcopter that crashed on the White House grounds — flown by an off-duty intelligence employee — shows that the U.S. must take steps to ensure commercial…

  • Amgen tops Street 4Q forecasts

    Amgen Inc. cruised to a 27 percent jump in fourth-quarter profit and beat Wall Street expectations, due to higher sales of nearly all its medicines, tight cost controls and a tax benefit. The world’s biggest…

  • Pence: website will be ‘1-stop-shopping’ for news releases

    INDIANAPOLIS (AP) — Indiana Gov. Mike Pence moved Tuesday to distance himself from reports that his administration will launch a state-run news site, characterizing descriptions of the site as a “misunderstanding” based on internal documents.…

  • US company outlooks worry investors, sending stocks lower

    U.S. stocks slumped Tuesday after some of the market’s largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year. The companies that rattled the market included Microsoft,…

  • NYC economy lost $200M from fizzled storm, transit shutdown

    NEW YORK (AP) — New York City lost about $200 million in economic activity in the fizzled snow storm and decision to shut down the transit system, but it wasn’t a crippling loss, according to…