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Apple CEO Cook received stock award worth $376 million
(Reuters) - Apple Inc Chief Executive Tim Cook received a one-time stock award worth nearly $400 million, the largest given by a company in a decade. The company's board granted Cook 1 million restricted stock units (RSUs) to signal its confidence in Cook after Steve Jobs turned over the helm of the iPhone and iPad maker to his long-time lieutenant in August. The stock award, half of which vests in 2016 and the remaining half in 2021, was worth more than $376 million, based on the closing price of Apple's shares on August 24, 2011, the company said in a ...
Recovery likely to remain sluggish into 2011
The pillars of Americans' financial security — jobs and home values — will stay shaky well into 2011, according to an Associated Press survey of leading economists. ...
RIM rises on new BlackBerrys, changing landscape
TORONTO (Reuters) - The launch of a string of well-received BlackBerry smartphones helped Research In Motion stock gain 6 percent on Tuesday and almost 50 percent since hitting a five-year low on August 8. (more...) ...
Hiring standstill points to growing recession risk
Employers added no jobs in August — an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill. (more...) ...
Amazon flies high, may rise 25 percent more: Barron's
NEW YORK (Reuters) - Amazon.com Inc shares, just below their all-time high, could rise 10 percent to 25 percent if its capital spending translates to fast growth in its retailing, Kindle e-readers and cloud-computing businesses, Barron's said in its August 1 edition. (more...) ...
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