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Business

Chirpify Close to $2 Million in Venture Capital for Social Commerce

Portland social commerce startup Chirpify said today that it is close to closing on $2 million in venture backing, led by the Seattle firm Voyager Capital.

Poll Shows Small-business Owners Cautious About Investing

Almost half of small-business owners think the U.S. economy is in a recovery, but nearly two-thirds say they are unlikely to make a capital expenditure during the next year.

Senators, eBay Spar Over Online Sales Tax

Current law requires Internet shoppers to self-report their purchases, calculate in-state sales tax and pay up. Virtually no one does that.

Ford Posts Record Profits in North America, Losses in Europe

Ford Motor posted its best profits in more than a decade in the first quarter of the year, the company said Wednesday, driven by strong demand in North America.

Apple to Spend $100 billion to Buy Back Shares, Raise Dividend

Apple Inc.(NASDAQ:AAPL) will spend an unprecedented $100 billion to buy back shares and increase its dividend -- a not-so-subtle attempt to appease jittery investors who have seen the company's stock plunge by nearly half in recent months.

Central Atlantic Manufacturing, Optimism Wane

The Federal Reserve Bank of Richmond, Va., said manufacturing in the Central Atlantic region pulled back in April and optimism among businesses waned in the month.

Calif. Foreclosures Plunge With New Laws

New California foreclosure actions dropped sharply in the first quarter to levels not seen since the last housing boom.

Delta Reports Profit Despite Slowdown

Delta Air Lines turned a small profit in the first quarter despite a slowdown in air travel.

Apple Profits Decline, Announces Stock Buyback

Apple Inc. reported its first profit decline since 2003. The company announced a $50 billion buyback plan.

Federal Contractors Getting Big Payoffs

At least 77 contractors whose revenue came nearly entirely from taxpayers paid their top five executives a combined total of $633 million, The Washington Times found in an analysis of federal contracting data.

Lockheed Martin to Resume Delivery of F-35s

Lockheed Martin will resume delivering F-35Bs, the short-takeoff-and vertical-landing variant of the Lightning II, to Marine Corps Air Station Yuma sometime within the next month.

Discover Financial Reports Q1 Net Income of $1.33 per Diluted Share

Discover Financial Services reported net income of $673 million or $1.33 per diluted share for the first quarter of 2013, as compared to $650 million or $1.21 per diluted share for the first quarter of 2012.

DuPont Increases Dividend

The second quarter dividend will increase from 43 to 45 cents per share for common stock, payable June 12, 2013, to stockholders of record May 15, 2013.

BofA Earnings Increase: Fitch

Bank of America reported improving results in the first quarter of 2013 while maintaining strong capital and liquidity positions, Fitch Ratings reported.

Banks Scale Back on Top End Bonus Pay

A study of compensation at U.S. banks found that seven of the largest financial firms in the country lowered maximum bonus pay for executives in 2012.