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Fund managers unconvinced by Apple rebound as firm readies results

Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold

    USA TODAY

  • Hedge funds escaped billions in taxes
  • Two large banks used a complex financial scheme to help 13 hedge funds avoid paying billions of dollars in taxes and evade federal borrowing limits on brokerage accounts over a 15-year period 
  • The scheduled events for the market, earnings, went off nicely this week, as banks mostly exceeded their estimates and non-financials posted met-to-beat results