iTunes 7.0 Special Report: Re-purchase required for higher resolution
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.
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.
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 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.
Apple's CEO takes a veiled dig at Samsung as he tells investors to be patient for new products.