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Business

  • New-homesales slowto a trickle
    WASHINGTON – U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.New-home sales edged up 0.
  • Stocks see best week in 2 years
    NEW YORK – The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft and other big U.S. companies.
  • Ford quarterly profit falls
    DEARBORN, Mich. – Ford’s new aluminum-sided F-150 will be a lot lighter and more efficient when it goes on sale this year. But for now, it’s a serious drag on profits.
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Exxon passes Apple as world’s most valuable company

NEW YORK – Exxon has surpassed Apple as world’s most valuable company after the tech company’s stock falls.

Apple Inc.’s stock has been falling since an earnings report on Wednesday. It fell another 1.8 percent on Friday to $442.60 for a market capitalization of $415.6 billion.

Exxon Mobil Corp. was mostly unchanged and has a market capitalization of $416.2 billion.

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