Apple stock breaks $500 level, continuing rally

(AP) -- Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market's close.

(AP) -- Apple has surpassed Exxon Mobil as the most valuable company in the U.S.

The iPhone is taking over Apple. For the first time, the device that changed how people use mobile phones, accounts for more than half of the behemoth company's sales.

Apple shares soared on Wednesday following blockbuster quarterly earnings and the California gadget-maker leapfrogged over ExxonMobil to become the largest US company in terms of market value.

Apple, the juggernaut of consumer electronics, stumbled in its latest quarter, as the later-than-usual launch of the new iPhone held back sales.

(AP) -- Apple is worth $415 billion, putting it neck and neck with Exxon Mobil as the world's most valuable company. But by standard Wall Street measures, its stock is a bargain.

The US International Trade Commission sided with Microsoft in a patent dispute with Google-owned Motorola Mobility that could have led to Xbox 360 videogame consoles being banned from import.

(AP)—Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.

Yahoo! pressed on with its shopping spree on Thursday with the acquisition of a startup that powers games played on smartphones, tablets, consoles or personal computers.

Hollywood will have the box office heating up this summer with dozens of blockbuster films. But whether a movie is a worldwide box office bomb or a box office bonanza has a lot to do with the culture and release strategy ...

Apple has asked a federal judge in Silicon Valley to add Samsung's new flagship Galaxy smartphone to the list of devices targeted in a patent lawsuit involving Siri personal assistant software.

South Korea's Samsung Electronics said Thursday its latest flagship Galaxy S4 had become its fastest selling smartphone to date, topping 10 million units globally less than a month after its debut.