stocks

Apple shares fall; market cap tumbles below $400B

Apple's market cap -- a measure of the value of a company -- is now below $400 billion.

The company passed the milestone as Apple's shares fell 2 percent in trading this morning and the decline continued through the day to a closing price of $420.05, a drop of 2.4 percent from Friday's closing price. At that share price, Apple's market cap is now $394.45 billion. The company's valuation hasn't been that low since late 2011.

Apple's share price has been on a steady decline over the last several months. … Read more

New Apple policy requires top execs to hold onto stock

Apple this month quietly implemented a new rule that requires its top executives and board members to hold onto company stock, worth various multiples of what their salary pays.

The new requirement, which was detailed on Apple's Web site (PDF) and reported by The Wall Street Journal, aims to keep executives from selling off stock and tie their own performance with that of the company. It comes just a day after shareholders shot down a policy that would require company executives to hold onto at least 33 percent of their stock until reaching the age of retirement.

The policy … Read more

Keep in touch with your Yahoo buddies with Yahoo Messenger for Mac

Back in the day when social media platforms didn't exist, there was nothing as spontaneous and fun as chatting with your friends online via instant messenger. If you find yourself trying to stay in touch with Yahoo friends and want to stick to the original and reliable IM, then Yahoo Messenger for Mac would be a good choice.

The user interface of this popular IM client looks neat and is quite functional. The seamless integration of Yahoo weather, news, and mail directly in the Yahoo Messenger for Mac will be much appreciated by the people in the Yahoo ecosystem, … Read more

Stock split rumor surfaces ahead of Apple investor meeting

At last year's annual shareholders meeting, Apple CEO Tim Cook knocked the idea of splitting Apple's then-soaring stock.

"A stock split isn't so clear to be honest," Cook told investors last February. Apple had charted out how stock splits worked for "many" other companies, Cook explained, and hadn't come up with a clear answer on what to do. "There might be a short-term pop, but for a lot it does nothing," Cook said.

A lot can change in a year though.

The day before Apple shareholders descend on the company's Cupertino, Calif., campus, … Read more

Track stocks with Stock + for Mac

Buying and selling stocks appeals to many people, but the process of trading stocks online can be overwhelming. Luckily, Stock + for Mac includes an easy-to-use interface that makes continual monitoring and charting easy.

Stock + for Mac allows you to track stock market fluctuations on selected stocks continually over time. You can define which stocks to follow and configure the interface to display stock or company names. This version includes a handy scrolling ticker tape feature that can be placed in either the menu bar or anywhere on the desktop. The scrolling ticker tape is easy to move, highly modifiable, and … Read more

David Einhorn tries to woo Apple shareholders with cash

Apple's cash problem is easy to solve, one of its most outspoken shareholders said today.

During a conference call with Apple investors today, David Einhorn of Greenlight Capital -- which is currently in litigation with the iPhone and iPad maker -- made the case that Apple's strategy to stockpile cash was flawed, and argued that his plan to bring some of that back to investors could be solved with a new program called "iPrefs."

"Many have asked, why not just increase the dividend?" Einhorn said. "This sounds too complicated. It's not complicated. … Read more

Apple no longer hedge fund favorite, replaced by AIG, Google

For three years in a row, Apple was the most popular stock among hedge fund managers, but according to new data from Goldman Sachs, it's on the decline.

Goldman Sachs' data, which was obtained and reported on by AppleInsider, indicates that insurance giant AIG was the most popular hedge fund pick last year, with 80 funds holding its shares. Google came in second place with 73 funds. Apple, which had previously led the space, is down to 67 funds.

Apple's declining popularity among hedge fund managers might have something to do with its ability to deliver returns. According … Read more

Apple's iPad Mini 'in stock' in several countries' online stores

Supply has finally caught up with demand for Apple's iPad Mini.

Rather than days long lag time for the device, the company's online stores in the U.S., Canada, Australia, and other countries are now showing that all models of the iPad Mini are "in stock" and ready to ship.

Apple's 7-inch tablet went on sale last fall. Its thin and light design is more book-like than the larger iPad, while its cameras, storage capacities, optional LTE antenna, and general functionality are said to offer a full iPad experience.

Since the tablet's launch, the … Read more

Google stock hits new record, closes above $800

Google's stock closed at an all-time high of $806.85 today, becoming the first tech firm to pass the $800 mark and signaling that Wall Street approves of the company's rumored move into retail stores.

The stock has jumped 14 percent since the start of the year, more than double the Nasdaq's 6.4 percent gain. Its record high comes amid a report, since echoed by the Wall Street Journal, that Google planned to open retail stores to showcase its hardware products. The stores could open by the end of the year, according to the original report … Read more