Company News: Apple, GlaxoSmithKline, Alibaba Group, Starbucks, U.K. Internet Operators
• Apple’s third-quarter earnings provided some comfort to investors who have worried that the iPhone maker couldn’t withstand a prolonged attack from makers of low-end smartphones. Apple earned $7.47 a share in the quarter—down 20 percent from a year earlier but surpassing analyst estimates. It promised a new product lineup in the fall.
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