Podcast: Apple’s $100 billion plan, and UPS goes shopping
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Apple CEO Tim Cook said in a conference call today that the company would start spending down its nearly $100-billion pile of cash with a $10 billion share buyback and a quarterly stock dividend of $2.65 a share. We talk to Henry Blodget, CEO of Business Insider, for more on this story.
Shipping giant United Parcels Service said it would pay $6.8 billion for Dutch shipping rival TNT Express in effort to expand its global reach.
Plus, Ireland struggles with 14 percent unemployment, Greece’s prime minister said the company is on its way to a recovery, and Yahoo! fends off an aggressive investor.
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