An analyst thinks the company could return an additional $20 billion or more to shareholders as it seeks to bolster its flagging stock price.
Speculation as to what Apple (AAPL) will do with its $137 billion cash hoard mounts ahead of the release of the Cupertino, Calif., company's first-quarter financial results, on April 23. One analyst thinks Apple could allocate as much as an additional $20 billion for shareholder dividends and stock buybacks.
UBS analyst Steven Milunovich believes Apple could boost its cash return to shareholders to $65 billion over the next three years, up from the $45 billion already budgeted for dividends and buybacks.
Raising its dividend and accelerating share buybacks would alleviate some of the pressure Apple is facing from shareholders such as David Einhorn, and would have the added benefit of whetting investor appetite for the stock.
"The market appears to be underestimating the potential dividend increase, and a significant return of cash could boost the stock price by 10%," Milunovich wrote in a note to investors. The analyst rates the stock a "buy" and has a $560 price target.
Washington Gov. Jay Inslee is proposing to cut the tax break on business and occupation taxes by 25% in order to raise more funding for state education.
Washington is a near-mythical state, where the trees tower higher than most buildings, pot is legal, and beaches or state parks are omnipresent. The state also offers another big reason people choose to live there: taxes, or rather a lack thereof.
In the state of Washington, residents don't pay state income taxes and companies don't pay corporate income taxes. As for companies, they're required to pay a gross receipts tax that's fairly low -- 0.13% to 3.3%. The state also offers a variety of other tax breaks for corporations, making it a popular spot for companies to be headquartered, especially those in technology. Point in fact, Amazon (AMZN) and Microsoft (MSFT) both call Washington state home. (Microsoft publishes MSN Money.)
However, that could all be changing.
New data from research firm IDC suggests that as more people buy tablets and smartphones, the need to upgrade their PCs is less pressing.
The American dream used to be owning a home, a white picket fence and having a family computer. Now, it's having a tablet in the house.
Growth investors are shedding this stock, and value investors have yet to embrace it. Here's why the time is right to jump in.
The Facebook Home family of apps turns any phone into a Facebook phone, giving the social network a leg up in the fast-growing local-mobile market.
While most people looking at Google's (GOOG) mobile challengers see Samsung and Amazon.com (AMZN) -- which are forking Google's Android operating system to siphon revenue from the website -- a greater threat is rising from Facebook (FB).
Facebook's much-hyped mobile phone software, dubbed Home, hijacks Google's Android, despite the happy talk from CEO Mark Zuckerberg about how open Google is.
Facebook Home does this by putting a Facebook news stream on the lock screen, running it as soon as you turn on the phone.
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[BRIEFING.COM] The stock market began the last week of July on a quiet note with the S&P 500 ending less than a point above its flat line. Like the benchmark index, the Dow Jones Industrial Average (+0.1%) also posted a slim gain, while the Russell 2000 (-0.5%) and Nasdaq Composite (-0.1%) lagged throughout the session.
The major averages were awakened from their weekend slumber with an opening retreat that pressured the S&P 500 below its 20-day moving average (1975). Even though ... More
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