U.S. Stocks Open Lower as Apple Sets Record for iPhone Sales

U.S. stocks opened lower Monday but Apple (AAPL) is a winner as it said it sold 13 million iPhones in the opening weekend.
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U.S. stocks opened lower Monday but Apple (AAPL) is a winner as it said it sold 13 million iPhones in the opening weekend. That is a record number for any iPhone model on its release. Apple also says it will sell the iPhone in an additional 40 countries on October 9th. Whole Foods (WFM) says it will cut 1,500 jobs as part of its plan to reduce costs. Many of the jobs eliminated will be done so through attrition. Energy Transfer Partners (ETP) is buying Williams Company (WMB) for $32.6 billion. Shell says it will cease costly exploration off the coast of Alaska. Shell did find some oil and gas in the Arctic but it wasn't enough to justify more exploration at current prices. Starbucks (SBUX) is trying out the 'buy one, give one' model embraced by start ups like Toms Shoes and Warby Parker. Starting Tuesday, the chain will donate a coffee tree to farmers for every bag of coffee beans that customers buy from its 7,400 U.S. company owned stores.