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.
Apple Inc. (Nasdaq: AAPL) downloaded $45 billion, to borrow a phrase from the Financial Times, to its shareholders Monday, lifting both its own stock and the already buoyant broader market.
Electroshock is one of the most effective - and controversial - treatments for depression, but until recently, scientists have been at a loss to explain just how it works. A new study suggests that ECT may reduce depression symptoms by putting a lid on overactive communications between areas in the brain involved in thinking and areas associated with mood control.
Apple (AAPL) is feeling generous. After a record-breaking quarter announced in January and a record-breaking launch weekend for the new iPad, Tim Cook decided to share some of Apple's $100 billion in cash on Monday to fulfill a deep-seated desire of investors, announcing a quarterly dividend and a three-year shares buyback program to go in effect later this year.
When the late Steve Jobs had a will, he often got his way. That's why Apple hasn't paid a dividend since 2005.
Sen. Bob Casey (D-Pa.) will chair a Congressional hearing next month to examine the effect closing of several refineries serving the East Coast has on gas prices.
Oracle (Nasdaq: ORCL), the No. 3 software developer and No. 1 in databases, is scheduled to report third-quarter results Tuesday. Last quarter, it missed estimates and the shares plunged 15 percent, shaving as much as $5.3 billion from the net worth of CEO Larry Ellison.
Things seem to be going well for the couple.
Do you enjoy horror movies? So do I.
Gone will be the days when the mainstream tablet market would be just confined to Android and iOS credibility or on the less thriving RIM's Playbooks.
Collapsing natural gas prices have yielded an unexpected boon for North Dakota's shale oil bonanza, easing a shortage of fracking crews that had tempered the biggest U.S. oil boom in a generation.
Tia Carrere and Lou Ferrigno went head-to-head as project managers on Sunday's episode of Celebrity Apprentice, but as Ferrigno shined in the role, Carrere was the latest member of the group to get the boot in Donald Trump's unforgiving boardroom.
As the world's largest company with a market cap of more than half a billion dollars, Apple Inc. [AAPL] is sitting on a large pile of cash upwards of $100 billion and decided Monday to institute a $2.65 a share quarterly dividend and buy back $10 billion in stock, the tech behemoth announced today.
CEO Tim Cook decided on a new course for the Cupertino, Calif., company regarding shareholders. We have plenty of cash to run our business, he said.
Jason Russell, director of the Invisible Children charity's now-famous video Kony 2012, has become headline fodder after he stripped naked and ran through the busy streets of San Diego screaming You're the devil and other graphic obscenities. With this thrust into the spotlight, everyone wants a peek inside his mind.
Apple announced it will repurchase as many as $10 billion worth of shares now. Later this year, it plans to pay an initial dividend of $2.65 a share.
Chevron, before a recent leak off Brazil, was blamed for spilling about 3,000 barrels of oil last November. The detention of the foreign executives raises questions about Brazil's willingness to pursue offshore drilling.
European markets lost ground as the lack of positive catalysts prompted a pause in the recent string of gains, while Asian stocks were mostly higher.
'Naked for Kony 2012': Jason Russell Arrested; Charlie Sheen’s Porn Star Ex-Bree Olson Strips off in Support (VIDEO, PHOTOS)
Daughter of Crystal Cathedral founder Robert Schuller launched the Crystal Cathedral splinter church in a rented movie theatre in Orange County Sunday.
Apple, whose stock is currently trading at $585, has announced that it will be holding a conference call on Monday morning to discuss the company's plans for its approximately $100 billion in cash reserves.
According to J.D. Power and Associates, Apple has ranked top among smartphone manufacturers in terms of customer satisfaction, and it achieved this ranking for the seventh consecutive time.