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  • Holiday Program Changes On KMAS

    merry kmas2014KMAS will broadcast the following ABC shows in place of Daybreak with Jeff and Dale on December 25th, 26th, and January 1st and 2nd: Playback 2014, Perspective, Winter Survival Guide, and As It Happened. Our regularly scheduled programs will play after 9AM. Daybreak will be back to its regular schedule… Read More +

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  • Justices Undo Sentences In Lakewood Cop Killings

    clemmonsaccompWashington's Supreme Court has reversed the gun convictions and the exceptional sentences issued to two people who helped Maurice Clemmons after he gunned down four police officers in a Lakewood coffee shop in 2009. Clemmons' aunt, Letrecia Nelson, and friend Eddie Lee Davis were convicted of rendering criminal assistance for helping Clemmons evade capture,… Read More +

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  • Five Seahawks For 2015 Pro Bowl

    hawsktextgradThe Seattle Seahawks will be represented in the 2015 Pro Bowl by safety Kam Chancellor, running back Marshawn Lynch, cornerback Richard Sherman, safety Earl Thomas and linebacker Bobby Wagner, the NFL announced this evening. It is the fourth-consecutive season Seattle has had at least five representatives in the Pro Bowl. It will be Chancellor's third Pro Bowl trip in his five seasons, Lynch's fifth overall,

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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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