Apple Falls After Cook Remakes Management: San Francisco Mover
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Apple Inc. declined after Chief Executive Officer Tim Cook embarked on a sweeping management overhaul at the world’s most valuable company.
Shares of Apple fell 1.4 percent to $595.32 in New York. Today is the first trading session since Apple announced the departure of mobile software head Scott Forstall and retail leader John Browett. Trading shut down for two days this week because of Hurricane Sandy.