U.S. stocks fell, after the Dow Jones Industrial Average reached record highs last week, as a levy imposed by euro-area leaders on Cypriot bank deposits sparked concern the region’s debt crisis is intensifying.
Apple Inc. is poised to boost its dividend by more than half, according to analysts surveyed by Bloomberg, providing investors hit by a share slump with one of the highest yields in the U.S. technology industry.
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.
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.
Global stocks surged the most since July amid optimism a deal can be reached to avoid automatic U.S. spending cuts and tax increases. Oil led commodities higher, while Treasuries fell. The euro fell after France lost its top credit rating with Moody’s Investors Service.