Advertisement
Canada markets close in 3 hours 33 minutes

  • S&P/TSX

    21,839.44
    -34.28 (-0.16%)
     

  • S&P 500

    5,028.89
    -42.74 (-0.84%)
     

  • DOW

    37,971.11
    -489.81 (-1.27%)
     

  • CAD/USD

    0.7304
    +0.0006 (+0.08%)
     

  • CRUDE OIL

    82.40
    -0.41 (-0.50%)
     

  • Bitcoin CAD

    87,786.97
    -604.36 (-0.68%)
     

  • CMC Crypto 200

    1,386.40
    +3.83 (+0.28%)
     

  • GOLD FUTURES

    2,341.40
    +3.00 (+0.13%)
     

  • RUSSELL 2000

    1,970.48
    -24.94 (-1.25%)
     

  • 10-Yr Bond

    4.7080
    +0.0560 (+1.20%)
     

  • NASDAQ

    15,521.81
    -190.94 (-1.22%)
     

  • VOLATILITY

    16.53
    +0.56 (+3.51%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • CAD/EUR

    0.6812
    -0.0007 (-0.10%)
     
MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Apple expands buybacks by $30 bln, OKs 7-for-1 stock split

Reuters
A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in downtown Shanghai September 10, 2013. REUTERS/Aly Song/Files

SAN FRANCISCO, April 23 (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.

On Wednesday, Apple reported a 4.6 percent rise in March-quarter revenue to $45.6 billion, beating Wall Street's projections after selling a sharply higher than expected 43.72 million iPhones.

(Reporting by Edwin Chan; Editing by Bernard Orr)