Corporate and legal

Apple sells a record $17 billion in debt

Apple had a field day with its first debt offering since 1996.

Investors hungrily gobbled up $17 billion in Apple bonds, the largest offering in corporate history. The proceeds will be used to help fund the company's ambitious plan to return value to shareholders through share repurchases and dividend payouts.

The bond sale comes on the heels of Apple's plans to double its capital return program, which involves spending an additional $55 billion in dividend payments to investors. Apple also said it would be spending an extra $50 billion in repurchasing company stock along with increasing its quarterly … Read more

Is it time to ditch the iPhone for the Samsung Galaxy S4?

There is no question that Samsung's Galaxy line of smartphones are giving Apple's iPhone a run for its money. In fact, some loyal iPhone fans, disappointed with the incremental updates in the iPhone 5, already are looking for something new.

Smartphone aficionados agree that when it comes to innovation, Samsung has surpassed Apple. The Samsung Galaxy S4 in particular is a real standout in the smartphone market. Its bigger screen, higher resolution camera, and lots of bells and whistles are likely to attract a lot of consumers who are fed up waiting for Apple to reset the standard … Read more

Microsoft shares hit five-year high despite Windows 8 flop

The news may seem bleak for Microsoft these days, what with Windows 8 sales disappointing, and the PC market itself sliding.

But don't tell Wall Street. Microsoft shares closed Tuesday at $33.10, their highest level in more than five years.

Microsoft shares have been moribund for the better part of the last decade. Investors have come to view the company, once the most valued stock in the world, as one with limited growth opportunity, particularly as rivals Apple and Google race ahead in key consumer markets.

The recent stock bounce, which gained momentum earlier this month, is largely … Read more

Netflix said to eliminate hundreds of classic titles

It appears to be expiration time again for certain movies on Netflix streaming, according to Slate. This time around, hundreds of classic titles from Warner Bros., MGM, and Universal will allegedly disappear from Instant queues on May 1.

That means goodbye Woody Allen's "Stardust Memories," "10 to Midnight" starring Charles Bronson, the James Bond hits "Dr. No" and "Goldfinger," and many more.

While this news may disappoint some users, streaming titles on Netflix tend to come and go. The video service often licenses TV shows and movies on an exclusive basis … Read more

Intel CEO favors SoftBank over Dish for Sprint takeover

Intel CEO Paul Otellini is throwing his weight behind SoftBank in the bidding war for Sprint, according to Reuters.

Otellini sent a letter to Federal Communications Commission Chairman Julius Genachowski giving word that he favored SoftBank, a wireless carrier based in Japan, over Dish for the Sprint takeover offer.

Sprint has been in talks with SoftBank since last October regarding a $20.1 billion offer, but as the deal closing has neared Dish came in with a surprise counter offer of $25.5 billion. If Sprint were to accept SoftBank's bid, the deal would close by the beginning of July.… Read more

eBay, retail partner to open NY shop with touch-screen window

NEW YORK--eBay is working with Kate Spade on a pop-up shop in New York that will feature a digital touch-screen storefront window, the e-commerce and digital payments giant said Tuesday.

CEO John Donahoe, speaking at the TechCrunch Disrupt conference in New York earlier today, said the store will launch this summer and will allow eBay to reach consumers away from its traditional Web site. Donahoe at the time did not name the retailer.

An eBay spokesperson later told CNET that Kate Spade Saturday will be the partner for the pop-up shop. The spokesperson didn't provide other details about the … Read more

Apple, Samsung damages do-over trial set for November

Judge Lucy Koh, who has presided over the Apple v. Samsung patent spat, has given a management order that a new trial will focus on recalculation of the $450.5 million award given to Apple in August.

Due to begin November 12, the new trial will decide whether the damage award was incorrectly given by the jury in the original patent dispute, according to a court filing. Koh has previously stated that the jury's damage award was incorrectly calculated in part, and only a new trial will determine the final amount to be awarded to the iPad and iPhone … Read more

Jawbone buys BodyMedia in wearable tech push

Jawbone, the company that made its name on Bluetooth headsets, has made a strategic purchase to expand its wearable technology business.

Jawbone announced Tuesday that it has acquired BodyMedia, a company that specializes in wearable body monitors and sensors. BodyMedia holds 87 patents and makes the Fit product line, which includes a gadget registered with the FDA as a Class II medical device capable of helping users lose weight.

According to All Things Digital, the deal is valued at $100 million. Neither Jawbone nor BodyMedia disclosed the acquisition price.

Jawbone already sells a wrist monitor, known as Up, designed to … Read more

BlackBerry CEO says tablets will be useless in five years

BlackBerry CEO Thorsten Heins is not a fan of tablets.

Heins questioned the need for the mobile devices in an interview with Bloomberg on Monday.

"In five years I don't think there'll be a reason to have a tablet anymore," he said to Bloomberg.

Those are bold words for BlackBerry, which, of course, has had a checkered history with its sole attempt at a tablet, the BlackBerry PlayBook. The PlayBook, which was a massive flop when it debuted without core BlackBerry e-mail and messaging apps, is now considered more of a bargain-bin item.

Still, there are … Read more

SoftBank CEO bashes Dish's Sprint offer, says his is superior

SoftBank CEO Masayoshi Son didn't mince words when discussing Dish Network's unsolicited offer to buy Sprint Nextel from under the Japanese carrier.

"To me, it's ridiculous," he said Tuesday of Dish's vision of merging its satellite TV service with Sprint's wireless service.

Son spent more than 90 minutes during an investor presentation in Japan -- primarily conducted in English -- laying out the argument for why his offer remains superior. As such, he doesn't believe SoftBank needs to raise its offer for Sprint.

Dish earlier this month submitted a bid of $25.… Read more