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shares ended up more than 50% after it confirmed it was exploring strategic options including a possible sale. but pac west isn't alone, and shares of other mid—size and small banks are also taking hit. our north america business correspondent has more on what is driving this. us regional bank stocks suffered more sizeable losses on thursday despite assurances from the head of america's central bank, saying that the us financial system remains sound. leading the way was pac west, which saw its share price halved yet again, which means since the start of the week, its stock is now w...

Worst might be over for the sector. apple remains one of the few giants in the industry, no mass lay—offs so far. for more on the outlook for the company, we can now speak tojeff field hack, from counterpoint chemical research, whojoins me. nice to have you back, jeff. what do you make of the results? yes, i thought the results were very impressive, because the overall smartphone market was down 14% during the quarter, and apple's revenues were up a little. we think their overall volumes may have been down one or 2%, but a great performance when a lot of the other both chip and smartphone oe...