Published on Mar 19, 2012 by AssociatedPress
The New York Mets owners agreed to pay
up to $162 million in a settlement to Bernard Madoff's fraud victims, in
a deal to recoup losses from fake profit payouts. (March 19)
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Monday, March 19, 2012
France - Nicolas Sarkozy: 'anti-semitic motivation of Toulouse killings obvious'
Uploaded by telegraphtv on Mar 19, 2012
French President Nicolas Sarkozy says
the gunman in the Toulouse school shooting, which killed four people,
was driven by racism.
USA - Rick Santorum and Mitt Romney Slug It Out for Illinois
Published on Mar 19, 2012 by AssociatedPress
The Presidential primary race for the
republican nomination is halfway complete with front runners Rick
Santorum and Mitt Romney in a cage match, trying to gather delegates and
win the Illinois primary. (March 19)
Apple (AAPL) Announces Stock Dividend and Buyback Program
Uploaded by FinancialNewsOnline on Mar 19, 2012
Investors and analysts finally do not
have to speculate about Apple's surplus of nearly $100 billion in cash.
According to the New York Times, the tech giant announced Monday it
would pay a stock dividend of $2.65 a share in the fourth quarter. The
company board also authorized a $10 billion share buyback program to
reward investors.
Apple issued a media alert on Sunday evening saying it planned to announce the long-awaited decision by its board about what to do with the large amount of cash. This allowed everyone from analysts to bloggers to speculate about what they would do with the money. Many on Wall Street called for the company to give some money back it its shareholders. Luckily, the company appeased the masses.
In a statement, Apple CEO, Tim Cook said, "We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You'll see more of all of these in the future."
Apple halted trading on its stock on Monday. This is the first time the company has paid out a dividend to its shareholders since 1995.
Apple issued a media alert on Sunday evening saying it planned to announce the long-awaited decision by its board about what to do with the large amount of cash. This allowed everyone from analysts to bloggers to speculate about what they would do with the money. Many on Wall Street called for the company to give some money back it its shareholders. Luckily, the company appeased the masses.
In a statement, Apple CEO, Tim Cook said, "We have used some of our cash to make great investments in our business through increased research and development, acquisitions, new retail store openings, strategic prepayments and capital expenditures in our supply chain, and building out our infrastructure. You'll see more of all of these in the future."
Apple halted trading on its stock on Monday. This is the first time the company has paid out a dividend to its shareholders since 1995.
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