After Apple's move to repurchase $14 billion in shares, the activist investor says it makes no sense to continue on with his buyback proposal.
iTunes 7.0 Special Report: Re-purchase required for higher resolution
The company says that it's entering into a $600 million Stock Repurchase Agreement with Barclay's Bank and announcing a special cash dividend.
But company says it's committed to enhancing value for stockholders and will explore options including a stock repurchase, joint ventures, and a sale.
Mobile analytics firm Zokem finds U.S. iPhone users are most loyal to their device's brand. However, a majority of both iPhone and Android users would repurchase their current platforms.
In midst of bidding war with Dell to acquire storage vendor 3Par, HP receives authorization from its board to repurchase up to $10 billion of its own shares as it sees opportunities.
CEO Rupert Murdoch says Time Warner has "refused to engage" in a "highly compelling" offer.
Institutional Shareholder Services tells clients that the activist investor's buyback proposal is unnecessary in light of recent stock repurchases and dividend payouts.
The Cupertino, Calif., company traded at nearly $650 on Friday, but now there's a 7-for-1 split in effect.
Redmond reveals plans to boost its dividend and buy back more shares. The move may serve as balm for shareholders who are questioning the Nokia purchase as well as Microsoft's ability to innovate.