Stocks Ended Near Flat after Record

U.S. stocks ended little changed on Monday as concerns about a correction cut earlier gains that were boosted by acquisition  activities. The Dow Jones Industrial Average was down 19.12 points, or 0.12% at 15,335.28. The S&P 500 Index declined 17.00  points, or 1.03% to 1,667.47. The Nasdaq Composite Index fell 2.53 points, or 0.07% to 3,496.43.

Using an unusual global tax structure, Apple Inc (AAPL.O) has kept billions of dollars in profits in Irish subsidiaries to pay  little or no taxes to any government, a Senate report on the company’s offshore tax structure said on Monday.

A huge tornado with winds of up to 200 miles per hour tore through the Oklahoma City suburb of Moore on Monday, ripping up at  least two schools and leaving a wake of tangled wreckage as a dangerous storm system threatened as many as 10 U.S. states.

JPMorgan Chase & Co (JPM.N), under pressure from the New York Attorney General’s office, has agreed to give investors  information about upcoming ballot votes, after the company that collects votes on the measures stopped giving out polling information last week.

Urban Outfitters Inc.’s fiscal first-quarter profit increased 39 percent due to stronger sales and fewer markdowns on clothing.  Its net income came to $47.1 million, or 32 cents per share, for the quarter that ended April 30. That’s compared with $34 million, or 23 cents per share,  for the same quarter last year. Revenue increased 14 percent, to $648.2 million from $568.9 million.

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