Apple News Puts Shareholders at Ease

Apple (NASDAQ:AAPL) says it sold nearly 44 million iPhones last quarter, helping fuel a $10.2 billion profit.

The tech giant also appeased shareholders with an additional $30 billion share buyback, an 8% quarterly dividend hike and a 7-for-1 stock split.

But not everyone's happy; some stockholders and consumers are still waiting for Apple's next product, and hoping it's a good one.

If your General Motors (NYSE:GM) car has been recalled there’s good news. The automaker has shipped the kits needed to repair defective ignition switches. It has also sent letters to about 1.5 million owners of 2003-2007 models telling them to schedule repair appointments, which take about an hour and a half.

Meanwhile, this isn't something you want to wake up to ... higher coffee prices. The drought in Brazil, where a third of the world's coffee is grown, is perking-up coffee bean prices, now at a two-year high.

And after four years the FDA is issuing new regulations that would ban the sale of e-cigarettes and some other tobacco products to Americans under the age of 18. The rules will take about a year to go into effect.

On Wall Street Wednesday, stocks lost a bit of momentum. The Dow fell 13 points, but still closed near a record high.