Apple Inc. ’s piggybank, stuffed with $51 billion in cash and investments, is earning a lower return than a typical U.S. savings account. Some investors say Steve Jobs should put that money to better use.
Yahoo! Inc. investors put off by a stock price that has barely budged this year are urging Chief Executive Officer Marissa Mayer to buy back shares rather than pay a dividend with the $3 billion raised from selling a stake in Alibaba Group Holding Ltd.
More than 330 million new shares of Google Inc. landed in the U.S. equity market today, completing a two-year process through which Sergey Brin and Larry Page are cementing control of the world’s third-biggest company.
Apple Inc. gained after reporting that second-quarter profit almost doubled, lifted by sales of iPhones, and the company allayed concerns that growth will be crimped by the earthquake in Japan and its aftermath.
Apple Inc. forecast sales that missed analysts’ predictions and said it will return an additional $55 billion in cash to shareholders to compensate for a stock that’s been hammered by signs of slowing growth.