A Bond Sale Today Keeps Apple's Taxman Away
| Rachelle Dragani 05/01/13 5:00 AM PT | |
 | Yes, Apple has been sitting on a huge -- and controversial -- pile of cash. So why is it selling nearly $20 billion in bonds to pay for its big share buyback program? Most of its cash pile is offshore and would have to make a stop at the IRS first, so Apple is trying to save investors money -- the same investors who are getting some dividend love to assuage the 45 percent drop in stock price since late last year. [See Full Story] |
More Picks:
Nielsen Logs On to Test Digital TV Content Ratings
Expect Labs' Anticipatory Computing Draws A-List Support
 |  |  |  |  |
This Editor's Pick alert is a premium service provided to ECT News Network newsletter subscribers. If you wish to make changes to your subscription settings, please click to manage your account.
Copyright 2013 ECT News Network, Inc. All Rights Reserved.
ECT News Network Inc., 16133 Ventura Blvd., Suite 700, Encino, CA 91436
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.