Skip to main content

Feed aggregator

Apple expands buybacks by $30 billion, OKs seven-for-one stock split

Business News - 52 min 23 sec ago

Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. On Wednesday, Apple reported sales of 43.7 million iPhones in the quarter ended March, far outpacing the roughly 38 million that Wall Street had predicted. Whether Apple can again produce a revolutionary new product remains the central question in investors' and Silicon Valley executives' minds, as the smartphone market matures and rivals like Samsung Electronics Co Ltd and Google Inc take chunks out of its mobile-device market share. Many hope that the next iPhone, which sources have said will sport a larger screen with new display technology, will provide a timely lift to the company's bottom line come September, when Apple usually introduces the latest version of its core product.


Apple expands buybacks by $30 billion, OKs seven-for-one stock split

National News - 52 min 23 sec ago

Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. On Wednesday, Apple reported sales of 43.7 million iPhones in the quarter ended March, far outpacing the roughly 38 million that Wall Street had predicted. Whether Apple can again produce a revolutionary new product remains the central question in investors' and Silicon Valley executives' minds, as the smartphone market matures and rivals like Samsung Electronics Co Ltd and Google Inc take chunks out of its mobile-device market share. Many hope that the next iPhone, which sources have said will sport a larger screen with new display technology, will provide a timely lift to the company's bottom line come September, when Apple usually introduces the latest version of its core product.


Categories: National News

You dirty rat: almost 80 dead rodents found in southern Alberta landfill

National News - 54 min 35 sec ago
MEDICINE HAT, Alta. - Another 78 dead rats have been pulled from a southern Alberta landfill that has been plagued by the pests. The City of Medicine Hat is working to get rid of the rodents and is providing a weekly update. Jason Storch, an agricultural fieldman with Cypress County, says he can't put a timeline on the situation. Alberta has always prided itself on being rat free, but that status has been in question since August 2012 when the vermin were first found in the landfill.
Categories: National News

Japan attack on wireless 'oligopoly' awkward for SoftBank's U.S. plans

Business News - 54 min 39 sec ago

By Yoshiyasu Shida TOKYO (Reuters) - For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time. The feisty entrepreneur is lobbying skeptical Washington officials to let him buy a second U.S. mobile operator, saying he would help to break up a cozy U.S. wireless oligopoly. So it must be galling to hear regulators in Tokyo chide his SoftBank Corp , along with NTT DoCoMo , Japan's mobile industry leader, and No.2 KDDI Corp , for lack of competition in the domestic smartphone market. His ministry is preparing long-term proposals to bring lower prices and faster services, including fostering growth of mobile virtual network operators (MVNOs), cut-rate providers that lease network access from the big carriers.


Japan attack on wireless 'oligopoly' awkward for SoftBank's U.S. plans

National News - 54 min 39 sec ago

By Yoshiyasu Shida TOKYO (Reuters) - For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time. The feisty entrepreneur is lobbying skeptical Washington officials to let him buy a second U.S. mobile operator, saying he would help to break up a cozy U.S. wireless oligopoly. So it must be galling to hear regulators in Tokyo chide his SoftBank Corp , along with NTT DoCoMo , Japan's mobile industry leader, and No.2 KDDI Corp , for lack of competition in the domestic smartphone market. His ministry is preparing long-term proposals to bring lower prices and faster services, including fostering growth of mobile virtual network operators (MVNOs), cut-rate providers that lease network access from the big carriers.


Categories: National News