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Thursday, May 29, 2014

Apple stock

TAKING STOCK: With a day to digest the news that the Apple-Beats deal is going down (and the 85 million articles analyzing it), the market seems to be cool with the acquisition, judging by Apple stock's 12-point jump today to $636 (+1.9%). The announcement was made after close of trading yesterday. Some analysts have noted that Apple became a better buy as a result of the Beats deal because the typically tight company opening its wallet could augur more such acquisitions. (5/29p)

 
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