Activist investor Carl Icahn thinks Apple should be doing more to revive its stock price, and wants to help CEO Tim Cook with the resuscitation.
Apple Inc. has recently come under attack for its practice of stockpiling cash. At the end of last year, the company was sitting on $137 billion —and the heap keeps growing.
Starbucks says it may repurchase up to 25 million additional shares of its common stock. The plan reflects the Seattle based company’s strong cash flow and commitment to return value to shareholders. The move comes a day after Starbucks announced the acquisition of Teavana, which sells loose leaf teas, for $620 million.
Seattle based Amazon’s stock is falling after the world’s largest online retailer reported third-quarter results below Wall Street’s expectations.
Facebook Inc.’s stock took a hit Monday after an article in the financial magazine Barron’s said it is “still too pricey” despite a sharp decline since its initial public offering.
Apple Inc.’s stock has touched $600 for the first time, the day before the company’s latest iPad goes on sale.
Boeing has locked in its biggest order ever with Indonesia’s Lion Air. The order will more than quadruple the airline’s current fleet.
In a statement, the Redmond, WA based company said it was taking steps to improve the effectiveness and efficiency of its marketing operations.