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Apple's former finance chief said on Tuesday he relied on Chief Executive Steve Jobs in the handling of backdated stock options, putting the spotlight on the company's co-founder inthe scandal.
Apple CEO Steve Jobs received a salary of $1 last year, which is unchanged from his 2004 and 2005 salary, according to a filing with the Securities and Exchange Commission
The Walt Disney Co. could have to pay up to $33.5 million to rectify improper backdating of stock options that were granted to Pixar employees before Disney bought the company, a regulatory filing states.
Apple’s Co-Founder and Chief Executive Steve Jobs is the “ultimate CEO who matters,” according to a ranking by Barron’s magazine. The annual ranking of top CEOs from around the world seeks to identify the corporate leaders who have top-notch reputations in the financial community and would be missed by investors if they unexpectedly left their jobs.
There's some upward bias in stocks this morning but for now the market is without much direction. European markets are higher. Japanese stocks ended higher though Hong Kong slid. The yen is lower against the U.S. dollar as the G7 meets in Essen, Germany today. The yen has widely been expected to be a discussion topic.
Music company EMI Group -- home of The Rolling Stones and Coldplay -- has been talking with online retailers about possibly selling its entire digital music catalog in MP3 format without copy protection, the Wall Street Journal reported Friday, citing numerous people familiar with the matter.
Music executives have dismissed Steve Jobs' call for the end of digital rights management technology as disingenuous, the Financial Times reports.
Apple Chief Executive Steve Jobs called on the four major record companies to start selling songs online without copy protection software known as digital rights management.
You know the great rivalries: dogs vs. cats, Yankees vs. Red Sox, Coke vs. Pepsi. Then there's Apple Computer vs. Microsoft. Two technology-sector observers joined "Power Lunch," to weigh in on the clash of these tech titans. Apple's Mac was its first big product but Richard Stice, hardware equity...
The meeting Apple's CEO Steve Jobs had last week with SEC and U.S. Justice Department officials over stock backdating--might not turn out to be much at all--according to CNBC's Jim Goldman. The meeting was reported today by Bloomberg. But Goldman says people he talked to --don't expect anything to come from all this. In fact--it seems even the probe by government officials may just end up "going away."
Stocks in the U.S. for now look headed to open flat to lower-- after yesterday's rocky trading. Europe is moving lower and oil is getting a lift from cold weather. Some big companies will roll out earnings reports today, to a market that has become hypersensitive to corporate earnings growth. Bank America, Johnson & Johnson and DuPont all report today.
The 21st century’s version of the new economy is facing a tech meltdown. Or is it? Two experts weighed in on technology stocks for “Power Lunch.” Joseph Parnes, president of TechnoMart Investment Advisors, sees opportunity in market danger. He told CNBC’s Bill Griffeth that “institutions, pension funds” that took a beating on....
The company making the biggest splash at the annual Consumer Electronics Show in Las Vegas last week was not even there: Apple Computer, which debuted its highly anticipated multimedia iPhone at its Macworld show.
Apple's stock fell on Friday after investors learned that Federal Authorities are investigating a backdated grant of stock options to Apple CEO Steve Jobs that had a false October 2001 date.
Friday morning, and we're waking up once again to a flurry of headlines surrounding the ongoing Apple Inc. stock options backdating controversy--the scandal that just won't go away. Dueling stories over the last 48 hours from the Wall Street Journal and the Washington Post, breathlessly reporting what appear to be new developments in the case. But pouring over the stories, I can't seem to find any news.
December U.S. retail sales, oil prices and earnings news should help direct the market today. Stocks look mixed after yesterday's big move up on tech buying and a continued slide in oil. The Dow's strong runup yesterday took it to a new high, its first of the New Year.
A downdraft in foreign markets is tugging at U.S. stocks this morning, and for now Wall Street looks set to open lower. US Airways is making headlines with a new bid for Delta Airlines and the big themes from yesterday in technology and jittery emerging markets will again dominate. Focus also shifts to Washington as President Bush unveils his Iraq strategy tonight and the new Congress takes on minimum wage.
Apple Computer CEO Steve Jobs announced at the company's Macworld conference that it will ship a new product called iPhone with phone capabilities, touch controls and widescreen video.
Apple's report that "cleared" CEO Steve Jobs of any irregularities in the stock options backdating issue--is not sitting well with some stockholders. A lawsuit has been filed against Apple and Jobs as a result. Mark Molumphy is a partner in the law firm of Cotchett, Pitre, Simon & McCarthy. They're the lead firm filing the suit. Molumphy appeared on "Squawk Box" to discuss the action.
Just a day before Apple files its delayed annual report, some blockbuster news is being digested, courtesy of the Financial Times: Steve Jobs receives 7.5 million options without board approval. And even worse, documents were forged, the article says -- courtesy of sources close to the investigation -- by Apple execs to cover up the misappropriated options. If the news is true, it's stunning. It taints Steve Jobs, possibly beyond repair. And it would taint a company so totally driven my "image" and good PR. That is, if the the news is true.