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Apple now down only 2.8 percent for the day on word Steve Jobs is taking another medical leave. Two points on this...
While the U.S. markets were closed for the Martin Luther King Jr. holiday, Steve Jobs sent a letter to his employees saying he was taking a medical leave of absence but was still retaining his title of CEO. Chief Operating Officer Tim Cook would again be responsible for the day to day activities.
Stocks traded mixed amid worries over Apple's future as CEO Steve Jobs takes a medical leave of absence, and disappointing earnings results from Citigroup. Boeing and Caterpillar rose, while BofA fell.
Investors can expect to see a stock-market rally in the short-term, said Phil Roth, chief technical market analyst at Miller Tabak, and David Hefty, CEO at Hefty Wealth Partners.
Apple's Chief Operating Officer Tim Cook is widely credited with streamlining the supply chain, managing inventories extremely well and helping the company stockpile about $50 billion in cash and short-term investments.
Today all eyes are focused on Apple stock. CEO Steve Jobs is once again stepping away from the company for health reasons, with a slight difference this time as the leave of absence carries an ‘indefinite’ label.
The sudden decision by Steve Jobs to take a medical leave for the third time in less than a decade raises anxieties about the leadership of Apple. The New York Times reports.
US stocks looked set to open flat to negative on Tuesday, with Nasdaq futures under pressure from Apple and Citigroup weighing on the other major indices.
Those who have been waiting to buy Apple on any sort of pullback will finally get their chance when the stock resumes trading this morning.
Asian markets were mixed on Tuesday, but technology plays outperformed despite news the Apple Chief Executive Steve Jobs would take medical leave for the third time since 2004.
European stocks were seen slightly rising on Tuesday, inching higher for a second day in a row, with global miner Rio Tinto in focus after posting record iron ore output.
Apple announced that CEO Steve Jobs is taking a medical leave of absence to "allow him to focus on his health." Shares tumbled in Europe; US markets are closed.
Looking ahead 10 years from now, you may just be sporting Li Ning’s latest running shoes, baking in Haier’s top class ovens or “baidu-ing” on China’s fastest growing search portal, Baidu.
As stocks climb to multi-year highs, investors are increasingly expecting a pull back, despite the promise of a good earnings season.
Stocks were on pace to hit new highs again as financials and technology stocks advanced in the wake of strong earnings reports from JPMorgan and Intel. BofA and AmEx rose, while Merck fell.
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News Corp. is pushing back the launch of the world's first iPad-only newspaper.
This year will be another strong year for Intel and the outlook for 2012 is even stronger as the need for cloud computing and smartphone infrastructure grows, Christian Morales, general manager at Intel EMEA told CNBC on Friday.