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Here are today’s top business headlines from across the nation and world:
SAN FRANCISCO (AP) — After stumbling in 2016, Apple is betting on a better year ahead. The Silicon Valley tech giant is forecasting a return to growth in iPhone sales this winter, after a rare slump that dropped a wet blanket on Apple’s revenue and stock performance over the last three quarters. The company is also set to unveil new Mac computers later this week, hoping to boost lagging interest in a set of products that are symbolically significant even if they’re less financially important to the company than the iPhone. Read more
NEW YORK (AP) — Newly appointed Wells Fargo CEO Tim Sloan told employees Tuesday that he is “sorry for the pain” that the bank’s employees have suffered as a result of the company’s sales practices scandal. Sloan’s company-wide speech, given Tuesday in Charlotte, North Carolina, is the latest effort by Wells Fargo’s executives to atone for the fact that the bank’s employees, pushed to the limit by impossible sales goals, opened as many as 2 million bank and credit card accounts without customers’ authorization. Read more
WASHINGTON (AP) — Donald Trump’s campaign is defending his eyebrow-raising decision to spend precious campaign time promoting his business in the final days of the long presidential campaign as his poll numbers sink. With less than two weeks left before Election Day, the Republican candidate is taking a break from campaigning Wednesday morning to formally open his new hotel in Washington. Meanwhile, he is dispatching his running mate, Mike Pence, to play political defense in Utah – which hasn’t backed a Democrat for president in 52 years. Read more
TOKYO (AP) — “Pokemon Go” is giving only a modest boost to Japanese video game maker Nintendo, which has slashed its operating profit and sales forecasts for this fiscal year citing lagging demand for game consoles like the Wii U. The Kyoto-based maker of Super Mario games said Wednesday that its net profit in April-September was 38.3 billion yen ($368 million), up 234 percent from the same period the year before. That was mainly due to a 62.7 billion yen ($601.7 million) gain from its sale of the Seattle Mariners Major League Baseball team. Read more
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