CALIFORNIA

File photo of Mark Zuckerberg

Facebook To Pay Banks 1.1% Fee For Managing IPO

Senior Facebook executives met Monday with analysts and bankers, but CEO Mark Zuckerberg didn't attend. The company's chief financial officer told attendees that Zuckerberg prefers to focus on developing Facebook's social-networking service.
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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.
Electrodes head

Electroshock Undoes The Ties That Bind Depressed Minds

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.
Oracle

Oracle 3Q Results: Is Another Miss In Store?

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.
Apple Announces Dividend Scheme

Apple Announces Dividend, Share Buyback Plans

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.
George Buck

Chevron, Transocean Execs Held In Brazil Over Oil Spill

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.

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