If approved, the online real estate brands will live on separately but offer combined home listings for prospective buyers.
The effect of that buyback could be dramatic, Icahn says in letter to CEO Tim Cook: in three years, Apple's share price could swell to $1,250.
The Cupertino, Calif., company traded at nearly $650 on Friday, but now there's a 7-for-1 split in effect.
Shareholders will vote in February on investor Carl Icahn's "non-binding" proposal to increase Apple's stock buyback program to $50 billion.
In a report to Congress, the Federal Reserve Board chairwoman cautions that equity valuations for companies like Facebook, Twitter, and LinkedIn are "substantially stretched."
Following previous delays of several weeks, the high-resolution laptop is now in stock and immediately available via Apple's online store.
The ailing electronics manufacturer raised more than $1 billion in a stock sale last year, but now its focus is on boosting profits.
While it includes some performance and graphics concessions on the lowest priced model, the 21.5-inch iMac brings Apple's iconic design and top-notch bundled accessories and software to a wider audience.
Alibaba has amended its S-1 filing and has selected the New York Stock Exchange for its IPO, and will list under the stock symbol BABA.
The company set out to prove that it still has enough technological mojo to keep Samsung et al at bay -- and it proved the point even in the absence of a smash announcement.