Basic income programs that provide recipients with a guarantee of free money are an increasingly popular experiment around the country right now. States and cities across the US are rolling out different variations of this idea, which act like supercharged stimulus checks. One of the newest examples? A California program, for residents of West Hollywood …
Apple has just alerted the media that it plans to discuss what the company will do with its $100 billion in cash tomorrow at 9:00 AM ET. The most logical assumption is Apple will issue a dividend to shareholders. Or buy part of Samsung or something crazy. Press release follows.
Apple reported a monster first quarter last Tuesday that sent the company’s stock skyrocketing over the past week. Apple’s holiday quarter was the most profitable quarter ever reported by a technology company, and the second most profitable quarter reported by any U.S. firm. With a market capitalization that now sits in excess of $420 billion, …
T-Mobile USA has been setting aside cash that it plans to use in an effort to keep its top employees on board should AT&T’s proposed $39 billion takeover of the firm gain U.S. regulatory approval. The carrier has reportedly already recorded $64 million in merger-related employee costs during the past two quarters. A spokesperson for …
Samsung recently kicked off its “Time to Tab” video contest in which it’s giving away $15,000 in cash prizes. All you have to do is film a 60-second clip about how the Galaxy Tab 10.1 makes your life (or someone else’s life) better, or how you use the device during a 24 hour period. The …
Earlier this month we heard reports from TechCrunch that TweetDeck had been acquired by Twitter for $50 million. CNN now says that Twitter has finalized its purchase of TweetDeck in a $40 million cash and stock deal, and that the paperwork was signed on Monday. Neither Twitter nor TweetDeck have confirmed the purchase, and Twitter’s PR …
Giddy over Apple’s consistent staggering growth — and seemingly giddier over the iPad — Formula Capital managing partner James Altucher believes that Apple is poised to become the first $1 trillion company. In fact, Altucher thinks Apple could already be a $2 to $3 trillion company. According to Altucher, Apple can basically do no wrong …
Reuters is reporting that Samsung Electronics has agreed to sell its hard drive business to Seagate Technology for $1.4 billion in cash and stock. The move is seen as two pronged: first, it will allow Samsung to exit an extremely competitive market and refocus its efforts on its successful memory-chip business. Secondly, it will allow Seagate to be more competitive with …
Aside from announcing a management change during this afternoon’s earnings call, Google also decided to go over its numbers for Q4 of 2010. Google raked in $8.44 billion in revenue, a 26% increase year-over-year, rewarding its investors with $7.81 earnings per share. Operating income for the quarter was $2.98 billion, or 35% of revenues — down from …
Last month, we reported on the short-term liquidity problems on the horizon for WiMAX network operator Clearwire, and today, the company has announced measures aimed at rectifying its current situation. Clearwire plans to raise over $1.1 billion through the sale of debt securities in “private placement transactions.” As the press release reads: Clearwire Communications is …
