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Drones over U.S. may pose security risks
SEATTLE, May 27 (UPI) -- Apple became the 500-pound gorilla of the technology world Wednesday, surpassing Microsoft based on market capitalization.
The Seattle Times reported Apple and Microsoft could wind up see-sawing back and forth in the coming months -- but on Wednesday, Microsoft stock fell 4 percent to close at $25.01 for a market capitalization of $219.1 billion while Apple stock slipped 0.5 percent to close at $244.11 and a market capitalization of $222.1 billion.
"It's mostly symbolic," said Matt Rosoff, analyst at Directions on Microsoft, an independent research firm in Kirkland, Wash. "Apple built a lot of new businesses; they've been able to be successful in those businesses. They also started from a smaller base."
When it comes to sales and profits, Microsoft is still in command, turning a $14.6 billion profit on $58.4 billion in sales last year compared with Apple's $5.7 billion profit on $36.5 billion in sales.
The biggest corporation of all, however, remains oil giant Exxon Mobil at $278.6 billion.
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ISTANBUL, Turkey, Feb. 10 (UPI) --
European and Turkish leaders aim to develop a road map for the safe transport of natural gas, visiting officials to Istanbul said.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
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Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
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