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Apple (AAPL) Shares Soar to 601 Following Dividend, Stock Buyback Announcement

Apple (AAPL) Stock Closes At 601, Boosted By Dividend, Shares Buyback Announcement

Apple (AAPL) shares soared on Monday, breaching the 600 mark a few times before finally settling on 601, after the Cupertino, Calif.-based tech company decided to share some of its $100 billion in cash with its investors. Apple announced it would reward shareholders by launching a quarterly dividend and a stock buyback program that will pay out about $45 billion over three years, set to go into effect later this year.
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Japan's Sharp names new president as losses mount

Sharp Corp named the head of its global operations as president to turn around a company facing a record annual loss, the latest Japanese firm to shake up management after tumbling into the red on slumping TV sales.
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China says some foreign firms exploit workers

Some foreign companies in China exploit their workers by forcing them to do overtime or underpaying them, the labor minister said on Wednesday, as controversy swirls over working conditions at a plant that makes Apple Inc's iPhones and iPads.
A protester wearing a mask of Apple Inc founder Steve Jobs performs a street drama with local and mainland Chinese university students playing the role of Foxconn workers during a protest in Hong Kong May 7, 2011. A workers' concern group demonstrate

In China, Apple Faces Its 'Nike Moment'?

As Apple Inc, the world's most valuable listed company, braces itself for a report into alleged poor working conditions among its army of low-cost suppliers in China, it could heed the lessons from another big-brand retailer that faced similar issues two decades ago.
iOS 5

Apple iPad 3 March 7 Release: Will it Debut iOS 6 or iOS 5.1?

Apple plans to unveil something it wants us to see and touch, according to the press invites it sent out at the end of February. It could be an all new iPad 3, of course, but Apple could opt to debut a new iOS version 6 as well. Other rumors include a new Apple TV 2, iPad Mini announcement or an iPod Touch.

Apple Foxconn Factory Conditions: Product Prices Expected to Rise with Worker Wages

Apple is currently auditing the Foxconn factories in China which manufacture many of its products like the iPhone, following a spate of bad publicity over working conditions there. As demand for higher wages and increased safety regulations at the factories goes up, so will the price of Apple's products, some industry analysts are saying.
U.S. AirForce

U.S. Air Force Dumps 18,000 iPad Order Plans: Why?

Earlier in February, the media reported that the U.S. Air Force wanted to buy thousands of Apple iPad tablets to replace the conventional flight bags carried by pilots. Nobody knows the exact number of iPads, the U.S. Air Force wanted to buy. Some say that the figure is 3,000. But to replace the flight bag of all the pilots in U.S. Air Force, 18,000 is still a small figure. That means a big business for Apple.
A customer visits the Apple Store in New York City's Grand Central Station

Apple Attacked at Home; Proview Files Lawsuit against iPhone Maker

The Asian firm Proview trying to stop Apple Inc from using the iPad name has now launched an attack on the consumer electronics giant's home turf, filing a lawsuit in California that accuses the iPhone-maker of employing deception when it bought the iPad trademark.
iPad

Apple's Chinese legal woes over iPad surface at home

The Asian firm trying to stop Apple Inc from using the iPad name has now launched an attack on the consumer electronics giant's home turf, filing a lawsuit in California that accuses the iPhone-maker of employing deception when it bought the iPad trademark.
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Apple ponders cash, caves on board-vote proposal

Apple Inc on Thursday adopted a measure long desired by investors and corporate governance activists, granting its shareholders a bigger say in the appointment of directors to the board of the world's most valuable technology company.
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Migrants elbow for Foxconn jobs despite labor probe

Apple's top manufacturer in China, Foxconn Technology, is having no problems luring fresh workers to churn out ever more gadgets, despite the firm's reputation as a tough employer that has put it under a thorough probe into its labor practices.

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