Business

Business briefs

Apple dip

Apple, the world’s most valuable company, slumped 2.1 percent and dropped below $600 billion in market value on investor concern about iPhone 5 supplies.

HP split urged

Hewlett-Packard Co. should separate its division that sells printers and PCs from the one that caters to businesses, UBS analysts wrote yesterday.

Netflix gain

Netflix gained 10.5 percent to $73.52 at the close after Morgan Stanley upgraded the stock, saying competition from Amazon.com Prime Instant service is “overblown.”

Layaway love

Kmart and Sears, both owned by Eddie Lampert’s Sears Holdings, announced the elimination of layaway service fees and a new layaway home delivery service for the holiday shopping season.

IMF forecast

The world economy will grow 3.3 percent this year, and 3.6 percent next year, the International Monetary Fund said, compared with July predictions of 3.5 percent in 2012 and 3.9 percent in 2013. The lender now sees “alarmingly high” risks of a steeper slowdown.