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.
Institutional Shareholder Services tells clients that the activist investor's buyback proposal is unnecessary in light of recent stock repurchases and dividend payouts.
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.
JP Morgan's Mark Moskowitz would rather see Apple pour more of its cash into new products and services.
With $145 billion in the bank, Apple has been under increasing pressure to return more money to shareholders. Now it responds -- big time.
The company will pay $29.11 per share, according to Yahoo, and three directors appointed by Third Point have resigned.
The gaming PC maker has said it'll launch a new Steam-powered machine every 12 months, as the OS isn't very upgradeable.
Shareholders will vote in February on investor Carl Icahn's "non-binding" proposal to increase Apple's stock buyback program to $50 billion.
The company says that it's entering into a $600 million Stock Repurchase Agreement with Barclay's Bank and announcing a special cash dividend.
In an SEC filing, Yahoo's newly-appointed CEO hints at a restructuring and a new plan for the billions it expects from the company's stake in Alibaba.