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Tokyo Electron shares plunged almost 15 percent Tuesday morning as the Japanese semiconductor equipment maker and rival Applied Materials scrapped a multi-billion-dollar merger after US competition regulators blocked it. The California-based firm said it had called off its nearly $10 billion bid for Tokyo Electron, first announced in 2013, after proposed tweaks to the deal had failed to convince antitrust officials at the Department of Justice. People expected the merger to create a market leader,” Mitsushige Akino, executive officer at Ichiyoshi Asset Management, told Bloomberg News. “Now Tokyo Electron has to find a way to go it alone.
SAN FRANCISCO (AP) — Apple's iPhone was again the company's star in the first three months of the year. The tech giant sold 61 million iPhones, or 40 percent more than in the same period a year ago. That represented about two-thirds of its $58 billion in revenue.
HARTFORD, Conn. (AP) — A 17-year-old girl forced by the courts to undergo chemotherapy for her cancer has finished that treatment and was released Monday from a hospital where she had been confined since December.