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  • PUD3 Financial Reporting Wins 10th Straight Award

    PUD3 FinancialMason PUD 3 has received its tenth consecutive international recognition for the quality and completeness of its financial reporting. PUD 3 was awarded the Certificate of Excellence in Financial Reporting for its 2013 Comprehensive Annual Financial Report by the International Government Finance Officers Association (GFOA)… Read More +

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  • 3rd Washington Judge Upholds Pot-Business Ban

    MJ startsA third Washington state judge says cities and counties can ban licensed marijuana businesses within their jurisdictions. The ruling Friday from Benton County Superior Court Judge Vic VanderSchoor was issued in the case of Americanna Weed, which had sued the city of Kennewick over its… Read More +

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  • Jeanpierre Returns To Add Depth At Center

    seahawksFacing a dilemma at the center position following an injury to Max Unger last week, the Seattle Seahawks were fortunate that former backup Lemuel Jeanpierre was still available as a free agent. The Seahawks re-signed Jeanpierre on Tuesday to provide depth at center following a high-ankle sprain suffered by Unger last week against the Kansas City Chiefs.

    Read More
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Stocks Tumble Lower; Apple Earnings Beat Expectations

b_250_0_16777215_00_images_obgrabber_2014-01_ede4e920db.jpgiStock/Thinkstock (NEW YORK) -- Stocks closed slightly lower Monday. The Dow Jones Industrial Average fell 44 points to 15,837. The S&P 500 lost 8 points, while the Nasdaq dropped 44 points. Investors were encouraged by signs of stability in Argentina and Turkey, two of the emerging markets that got slammed last week.

There's also been concern that China's economic engine is slowing down, potentially dragging other developing countries along with it. Apple reported its earnings Monday, with revenue beating expectations. The company sold more iPads and Mac computers than analysts had expected. 

However, the company's iPhone did not meet sales expectations. Apple reported it sold 51 million iPhones last quarter -- analysts expected 56 to 57 million.

Investors in the immediate aftermath of Monday's results seemed to be upset that the number of iPhones sold was significantly below what Wall Street was expecting. Apple's stock dropped more than $30 a share in after-hours trading.

Guidance for Apple's next quarter also is coming in below what investors were expecting.

Copyright 2014 ABC News Radio

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