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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 ...
Amazon profit forecast disappoints, stock slumps
(Reuters) - Amazon.com Inc shocked investors with a far weaker-than-expected outlook for the crucial holiday season quarter as it spent heavily on its new Kindle Fire tablet computer. (more...) ...
Asian stock markets sink after US credit downgrade
Asian stocks nose-dived Monday as the first-ever downgrade of the U.S. government's credit rating jolted the global financial system, reinforcing fears of a rapid slowdown in economic growth. (more...) ...
Apple unveils updated iPhone, stock slips
Apple shares slipped on Wall Street on Tuesday as the California gadget-maker unveiled an updated version of the iPhone but not a transformative new model many had been expecting. (more...) ...
Apple stock falls on report of iPad supply slowdown
(Reuters) - Apple Inc shares slipped on Monday following an analyst report that said the company was cutting orders from suppliers of parts for its iPad tablet. (more...) ...
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