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Carl Icahn dumps all his Apple shares and makes $2 billion

Carl Icahn dumps all his Apple shares and makes $2 billion

Billionaire business magnate Carl Icahn, whose investment decisions can influence the stock market, said Thursday that he dumped what was left of his nearly 1% stake in Apple Inc. on fears that Chinese authorities would bully the iPhone maker.

Shares of Apple sank after his announcement in a live interview on CNBC. The shares have lost 9% of their value since Apple revealed Tuesday troubling first-quarter financial results, including a 26% sales drop in...

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