Apple's blowout quarter propels Nasdaq to big gain

NEW YORK (AP) - The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The iPhone maker's stock climbed $50 after the company once again blew past Wall Street's profit forecasts. With Apple's help, the technology-focused Nasdaq posted its best day this year. Apple, the biggest component of the index by far, climbed ...

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MENLO PARK (AP) - Facebook's first-quarter net income fell 12 percent, weighed down by higher expenses even as its revenue soared, the social networking company said Monday, just a few weeks ahead of its expected initial public offering in May.

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