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Apple (AAPL) – Apple has pushed back plans to produce a larger-screen tablet until early next year, according to Dow Jones, due to overwhelming demand for the company's latest iPhones. Suppliers had originally planned to start mass producing the larger iPad in December. Separately, Oppenheimer upgraded Apple stock to "outperform" based on the strength of the company's latest upgrade cycle.
Ruby Tuesday (RT) – Ruby Tuesday earned four cents per share for the first quarter, surprising analysts who had expected a 12 cent per share loss. The restaurant chain's results were helped by better than expected same-restaurant sales, as Ruby Tuesday broke a string of five straight quarterly losses.
Advanced Micro Devices (AMD) – AMD replaced Chief Executive Officer Rory Read with Chief Operating Officer Lisa Su. Read told a conference call the move had been planned as the company formulated its long-term succession strategy.
Google (GOOG) – Google is asking the Supreme Court to decide its high-profile copyright battle with Oracle (ORCL) over the Java programming language, which Google uses in its Android operating system.
Microsoft (MSFT) – Microsoft will cancel its Surface Pro 3 product line due to weaker than expected sales, according to DigiTimes.
Amazon (AMZN) – The online retail giant is willing to spend more than it had previously indicated on original comedy content, according to a story in Variety.
—By CNBC's Peter Schacknow
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