Apple profit up 15 pct, helped by iPhones, laptopsSEATTLE — Apple Inc., the closest thing the tech industry has to a luxury brand, said Tuesday its profit jumped 15 percent in the most recent quarter despite the recession. IPhone revenue surged and reduced prices pushed laptop sales higher, even as the rest of the PC industry shrank.

Yahoo 2Q profit up 8 pct, yet ad slump continuesSAN FRANCISCO — Yahoo Inc. eked out a slightly higher profit in the second quarter as its new, no-nonsense chief executive cut enough expenses to shake off the Internet company's sharpest drop in ad revenue since the dot-com bust.

Senators raise alarms on Delaware sports bettingWASHINGTON — A pair of veteran Republican senators urged Attorney General Eric Holder to look into the legality of a new Delaware law allowing sports betting and to defend a federal anti-sports betting law that New Jersey politicians are challenging.

Apple fiscal 3Q profit jumps 15 percentSEATTLE — Apple Inc., the closest thing the tech industry has to a luxury brand, said Tuesday its profit jumped 15 percent in the most recent quarter despite the recession. Sales of Mac computers grew while the rest of the personal-computer industry shrank.

AMD 2Q sales slump 13 pct, shares diveSAN FRANCISCO — Advanced Micro Devices Inc. narrowed its loss in the second quarter, even though sales at the chip company slumped 13 percent.