12/04/2013, 03:12 pm
Billionaire investor and financial activist Carl Icahn has filed a shareholder proposal with Apple, seeking support for spending even more of the company's cash reserves on its own shares.
12/02/2013, 01:12 am
Despite reaching a new peak share price for 2013 that pushed Apple's market capitalization above $500 billion, the company's valuation remains where it was in the spring of 2012, at a time when analysts were predicting Apple's market cap would soon double.
11/29/2013, 05:11 pm
At the close of Friday's trading on the NASDAQ exchange, Apple's stock settled at $556 -- up 10 points on the day -- marking the first time that shares of the iPhone maker have closed above $550 this year.
11/27/2013, 05:11 pm
Apple continued to climb in trading today, closing at $545.96 and reaching a market cap of $491.22 billion as its chief rival Samsung plans for "Crisis Awareness" meeting involving 600 management staff members.
11/26/2013, 06:11 pm
Apple stock closed up nearly 2 percent today, reaching $533.40 for the highest close since the first days of January.
11/21/2013, 04:11 pm
Though he is no longer suing Apple over its massive amount of cash and reserves, hedge fund manager David Einhorn still spoke out on the issue on Thursday, stating he still does not believe the company is doing enough for investors.
11/19/2013, 07:11 pm
A Connecticut court on Tuesday sentenced former trader David Miller to 30 months in prison for enacting and conspiring on an unauthorized purchase worth $1 billion of Apple stock.
11/19/2013, 12:11 pm
Though billionaire Carl Icahn owns considerable stakes in both Apple and Nuance Communications, the investor revealed this week he has no plans to push for a marriage between the two companies, despite their existing partnerships.
11/17/2013, 12:11 pm
Building on rumors from July, an Israeli financial journal has reported that Apple "finalized the purchase details" on a plan to pay $345 million to acquire 3D motion and machine vision firm PrimeSense.
11/14/2013, 05:11 pm
Apple is in danger of having its four-year run as the leading mover in the S&P 500 stock index ended by old nemesis Microsoft after a rough year in the markets that has left Cupertino battered and Redmond resurgent.
11/12/2013, 07:11 pm
On Thursday, Apple will pay "shareholders of record" the company's quarterly dividend of $3.05 per share, but investors needed to own the company's stock by the market's close last Wednesday in order to qualify.
11/01/2013, 02:11 pm
Apple reported net earnings of $7.5 billion for the quarter ending in September, but it also amassed more than $10 billion in deferred revenues that it hasn't yet declared as income.
10/29/2013, 10:10 am
Apple beat Wall Street expectations and left analysts satisfied with its September quarter, though market watchers are already more focused on anticipated blockbuster sales of new iPhone and iPad models in the current holiday quarter.
10/28/2013, 05:10 pm
Apple again beat Wall Street expectations when it posted its fourth-quarter results on Monday, thanks to sales of 33.8 million iPhones during the September frame. Following the company's earnings release, Apple executives took part in a conference call to discuss the quarter, and notes of interest follow.
10/28/2013, 04:10 pm
Apple said Monday that fourth-quarter profits slipped roughly 8.5 percent to $7.5 billion, or $8.26 per diluted share, on revenues of $37.5 billion -- better than most Wall Street analysts had been anticipating.
10/28/2013, 09:10 am
This afternoon after markets close, Apple is set to announce its earnings for the recently concluded September quarter. But analysts are mostly interested in any comments the company may have about improving iPhone 5s production, as well as sales of the iPhone 5c.
10/24/2013, 06:10 pm
Apple's stock has returned to highs not seen since the beginning of the year, closing today above the price targets of a number of financial analysts and increasingly challenging the value of vast new buyback plans advocated by celebrity investor Carl Icahn.
10/24/2013, 12:10 pm
Appearing in a television interview Thursday afternoon, billionaire investor Carl Icahn said that he would consider, but will not commit to, a possible proxy vote to force Apple executives to buy back more of their own shares, if they don't agree to his proposal.
10/24/2013, 09:10 am
In an open letter to Apple Chief Executive Tim Cook, billionaire investor Carl Icahn has pushed the company to issue an immediate tender offer for $150 billion in stock from shareholders at current market value.
10/23/2013, 03:10 pm
Well-known investor Carl Icahn has sent a letter to Apple Chief Executive Tim Cook continuing to push for a larger share buyback, and the billionaire plans to divulge the contents of the letter on a new website he will launch this week.