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Apple earnings rise 24 per cent

Apple earnings rise 24 per centSan Francisco - Apple Inc on Tuesday reported a fiscal fourth-quarter profit of 1.14 billion dollars, or 1.26 dollars a share, up 24 per cent from a profit of 904 billion dollars in the same quarter last year.

The company is seeing a resurgence in sales of its computers at the same time sales of its iPhone and other portable devices are also rising strongly.

Apple said its revenue reached 7.9 billion dollars, up from 6.22 billion dollars in sales in the same period a year ago.

Yahoo profit plunges, layoffs announced

Yahoo profit plunges, layoffs announcedSan Francisco - Troubled internet giant Yahoo saw quarterly profits plunge 64 per cent and announced Tuesday that it would cut 10 per cent of its estimated 14,300 staff to help control costs.

The internet pioneer reported net income of 54 million dollars, or 4 cents a share, compared to 151 million dollars, or 11 cents a share, in the same period last year.

Stocks fall as depressing earnings outweigh new Fed moves

Stocks fall as depressing earnings outweigh new Fed moves Washington - Wall Street stocks posted significant losses Tuesday on disappointing profit reports from technology and commodity producers, overshadowing another massive infusion of liquidity by the Federal Reserve.

Metals giant Freeport-McMoRan Copper & Gold Inc reported a 33-per- cent drop in third-quarter earnings. Tech firms Texas Instruments Inc and Sun Microsystems Inc also reported worse-than-expected profits.

Palestinian militants fire rocket into Israel

Palestinian militants fire rocket into Israel Tel Aviv - Pales

Hamas vows to work hard for the success of national dialogue

Hamas vows to work hard for the success of national dialogue Cairo - Palestinian Hamas leader Mahmoud al-Zahar said on Tuesday that his group will do everything it can to ensure the success of the Palestinian national dialogue to be held in Cairo on November 7-9.

"We will work hard to ensure the success of the dialogue and the reconciliation," Zahar said when he arrived in Cairo from Damascus late Tuesday.

US encourages Arab states to establish ties with Israel

US encourages Arab states to establish ties with Israel Cairo - US Assistant Secretary of State for Near Eastern Affairs David Welsh on Tuesday urged the Arab countries that have no diplomatic ties with Israel to establish relations with it.

"We would like to see some action taken by Arab countries, which do not have relations with Israel, to establish ties with it," he said, in remarks after his meeting with Arab League Secretary General Amr Mussa. "We would also like to see Israel do the same thing and get closer to Arab states, as peoples on both sides are willing to live in peace."

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