AP Top Business News At 6:38 p.m. EDT

Apple increases stock buyback, will split stock
SAN FRANCISCO (AP) -- Apple is diverting more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing growth and pace of innovation....

Facebook 1Q results soar; CFO to step down
NEW YORK (AP) -- Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue....

Russian social media CEO quits, flees country
MOSCOW (AP) -- The founder of Russia's leading social media network - a wunderkind often described as Russia's Mark Zuckerberg - has left his post as CEO and fled the country as cronies of President Vladimir Putin have made steady inroads into the company's ownership....

US stocks edge lower after a six-day rise
NEW YORK (AP) -- Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors were disappointed by the latest round of earnings from U.S. companies....

Wellness programs grow more popular with employers
That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul....

Q&A: A French economist's grim view of wealth gap
NEW YORK (AP) -- If you'd like to live in Downton Abbey, the good news is that our economy has entered a second Gilded Age of opulence and elegance....

Spy plane outlasts Cold War, but not defense cuts
WASHINGTON (AP) -- The U-2 spy plane outlasted the Cold War, outlived its successor and proved crucial a half-century ago when two superpowers were on the brink of nuclear war....

Gay business owners still face challenges
NEW YORK (AP) -- It happens a few times a year: A customer refuses to work with Dave Greenbaum because he's gay....

Amazon snares classic shows in deal with HBO
NEW YORK (AP) -- Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable network....

Buffett disapproves of Coca-Cola's pay plan
NEW YORK (AP) -- Warren Buffett says he disapproves of Coca-Cola's highly contested pay plan for its executives....

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