SAN FRANCISCO (AP) — Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone makers slowing sales growth and pace of innovation.
(Reuters) – Proxy advisory firm ISS said it recommends shareholders vote against activist investor Carl Icahns share buyback proposal for Apple Inc, according to a report obtained by Reuters on Sunday. (The Apple board) has returned the bulk of its U.S.-generated cash to shareholders via aggressive stock buybacks and dividends payouts, the ISS report said. […]
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