Apple Inc. had its price target raised to $550 at Ticonderoga Securities LLC after reporting profit and sales that exceeded analysts’ estimates, even as Chief Executive Officer Steve Jobs takes a leave of absence.
Apple Inc. , the third-largest company by market value, will reach $430 a share in the coming 12 months, fueled by rising demand for its iPhones and iPads, according to a report by Ticonderoga Securities LLC.
Hewlett-Packard Co.’s value has plunged to less than the $31 billion it spent during a five-year takeover binge, the strongest evidence yet that investors would be better served by disassembling the maker of consumer laptops, printers and corporate servers.
An auction of Australian luxury homes held at the Sydney Opera House raised A$4.1 million ($4.1 million), less than the A$30 million of properties that were put up for sale, less than a week after borrowing costs increased.
Aug. 30 (Bloomberg) -- Topeka Capital Markets Analyst Brian White discusses patent issues between Apple and Google. He speaks with Emily Chang on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)