Apple Inc. said mobile software head Scott Forstall and retail chief John Browett are departing as Chief Executive Officer Tim Cook embarks on a sweeping management overhaul at the world’s most valuable company.
Apple Inc.’s potential entry into Internet radio is poised to put online music pioneer Pandora Media Inc. on the takeover wish lists of companies from Google Inc. and Amazon.com Inc. to Clear Channel Communications Inc.
Research In Motion Ltd.’s decline has die-hard BlackBerry fans harking back 15 years to the days when another fruit-themed company was losing market share, posting losses and spurring talk of its imminent demise.
Silver Lake, the largest private- equity company focused on the technology industry, expects buyout firms to zero in on makers of telecommunications and mobile-phone gear this year, spurring a new round of dealmaking.
Apple Inc. will pay its first dividend in 17 years and buy back $10 billion in stock, heeding investors who urged it to return part of the $97.6 billion in cash amassed by robust demand for iPhones and iPads.