Chinese stocks traded in New York rose, led by Sina Corp., which jumped the most in eight months after agreeing to sell a stake in its Weibo service to Alibaba Group Holding Ltd. as part of an e-commerce alliance.
Apple Inc. Chief Executive Officer Tim Cook is seeking to reassure investors dismayed by the company’s falling stock price and first profit drop in a decade by unveiling the largest buyback plan in corporate history.
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.
Apple Inc.’s next iPhone is likely to be introduced in October and will feature a new body design and work with faster wireless networks, according to Gene Munster, an analyst at Piper Jaffray Cos. who had expected an August release for the top-selling smartphone.
As iPhone fans await the release of a new model, they are delaying purchases and may cause Apple Inc., the world’s largest company by market value, to post its slowest sales and profit growth in more than two years.