Mid-day Update

Podcast: Apple’s $100 billion plan, and UPS goes shopping

Jeremy Hobson and Stacey Vanek Smith Mar 19, 2012
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Apple CEO Tim Cook introduces the third version of the iPad and an updated Apple TV in San Francisco. Today, Cook announced plans on how the company would spend its $98 billion in cash reserves. Kevork Djansezian/Getty Images
Mid-day Update

Podcast: Apple’s $100 billion plan, and UPS goes shopping

Jeremy Hobson and Stacey Vanek Smith Mar 19, 2012
Apple CEO Tim Cook introduces the third version of the iPad and an updated Apple TV in San Francisco. Today, Cook announced plans on how the company would spend its $98 billion in cash reserves. Kevork Djansezian/Getty Images
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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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