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Top 4 Business Stories of the Day

Apple will raise $12 billion in debt, paying a 0.77 percent premium over Treasuries on the component 10-year notes. The offering will contain seven parts, with maturities ranging from three years to 30. Apple’s recently enlarged shareholder return program is not cheap. By raising a fresh $12 billion via bond issuance, Apple is not forced to bring home foreign cash reserves, a process that the company previously stated would “ incur significant tax consequences.” Twitter’s stock is plumbing the depths today, hitting a new low of $38.27, below its previously recorded lowest-point of $38.80. Twitter went public for $26 per share and shot to more than $74 per share at its peak. It opened around $45 on its first day public. Twitter booked a net loss in the first quarter because of stock compensation costs, but its results surpassed Wall Street's expectations thanks to a sharp increase in advertising revenue. is launching outside the U.S. for the first

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