Meeting today, cook said the companys board remained in quote very, very active discussions about options for cash sharing. Some apple experts say the tech giant is more likely to divulge those options some time in march. I think they can modestly raise the dividend and modestly increase the buyback without doing anything special any other sort of financing things like that. What investors are looking for is a way to use that 100 a share in cash and getting it back to the u. S. For more dividends and more buybacks. Reporter the push for apple to share some of its wealth has accelerated this year, as the stock once a market darling lost a lot of its shine. After hitting a high of about 700 a share in september, it now trades in the mid 400s. This year alone the stock has slide 17 , as the Broader Market has rallied. But hoarding cash isnt apples only problem. Theres been a growing perception on wall street that apples Growth Prospects are dwindling. Thats as competition heats up for sma
In recent weeks, fed officials have raised worries about the strategy, but bernanke offered a Strong Defense for the program thats aimed at keeping Interest Rates low. The risks, he said, were manageable. Hope the fed would continue its easy efforts to stimulate the economy had u. S. Markets seeing green. The dow gained 116, the nasdaq is up 13, and the s p rose nine. Washington bureau chief darren gersh has details on the fed chairmans Strong Defense of his aggressive policy to support the economy. Reporter sure, there are risks when the Federal Reserve is buying almost 3 billion worth of bonds every day. But chairman ben bernanke told congress basically, we got this. Although a long period of low rates could encourage excessive risk taking, and continued close attention to such developments is certainly warranted, to this point, we do not see potential costs to the increased risk taking in some Financial Markets is outweighing the benefits of promoting a Stronger Economic recovery an
Testimony today from the Central Banks chairman, ben bernanke. In recent weeks, fed officials have raised worries about the strategy, but bernanke offered a Strong Defense for the program thats aimed at keeping Interest Rates low. The risks, he said, were manageable. Pehohe fed would continue its easy efforts to stimulate the economy had u. S. Markets seeing green. Pe the dow gained 116, the nasdaq is up 13, and the s p rose nine. Washington bureau chief darren gersh has details on the fed chairmans Strong Defense of his aggressive policy to support the economy. Reporter sure, there are risks when the Federal Reserve is buying almost 3 billion worth of bonds every day. But chairman ben bernanke told congress basically, we got this. Although a long period of low rates could encourage excessive risk taking, and continued close attention to such developments is certainly warranted, to this point, we do not see potential costs to the increased risk taking in some Financial Markets is outwe
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