• Apple just fueled everyone's biggest fear about how companies are going to use their extra tax reform cash

    24 days ago - By Business Insider

    Apple announced it will buy back another $100 billion of its own stock on Tuesday, as part of its quarterly earnings report.
    When the GOP tax law was passed, there were fears that companies would use the extra cash to enrich shareholders, rather than employees - and this would seem to fuel those concerns.
    Apple's chief financial officer, Luca Maestri, defended the buyback on an earnings call Tuesday evening, saying the company's stock is undervalued and arguing it has enough cash to satisfy multiple corporate needs.
    When President Donald Trump 's massive tax plan was announced, experts...
    Read more ...

     

  • Apple just fueled everyone's biggest fear about how companies are going to use their extra tax reform cash

    Apple just fueled everyone's biggest fear about how companies are going to use their extra tax reform cash

    24 days ago - By Business Insider

    Apple announced it will buy back another $100 billion of its own stock on Tuesday, as part of its quarterly earnings report.
    When the GOP tax law was passed, there were fears that companies would use the extra cash to enrich shareholders, rather than employees - and this would seem to fuel those concerns.
    Apple's chief financial officer, Luca Maestri, defended the buyback on an earnings call Tuesday evening, saying the company's stock is undervalued and arguing it has enough cash to satisfy multiple corporate needs.
    When President Donald Trump 's massive tax plan was announced, experts...
    Read more ...

     

  • DealBook Briefing: Apple's Gift to Shareholders, Courtesy of the Tax Cuts

    DealBook Briefing: Apple's Gift to Shareholders, Courtesy of the Tax Cuts

    24 days ago - By NY Times

    The iPhone maker's $100 billion stock buyback was made possible by the new tax law, but it isn't a giant deal or an investment in R.&D.
    Read more ...