Apple Inc. (NASDAQ:AAPL) is getting ready to offer another $17 billion bond sale – about the same as last year – to finance its share buyback program. In its recent earnings release, the Cupertino-based tech giant announced that it is increasing share repurchases from $60 billion to $90 billion. Apple Inc. (NASDAQ:AAPL) stock opened today at $572.80 and is currently trading at $590.64. The stock showed a positive weekly performance of 8.95%.
Alibaba Group Holding Ltd. and founder Jack Ma’s Yunfeng Capital agreed to buy a $1.22 billion stake in video website Youku Tudou Inc. (YOKU:US) as China’s biggest e-commerce operator prepares for a U.S. initial public offering. Youku shares fell. Youku Tudou Inc (ADR) (NYSE:YOKU) stock opened at $25.54, in current trading session and currently is at $22.86, by loosing -5.30%.The 52 week range of $17.69-$37.74. Company’s market capitalization is $4.29 billion.
China’s leading streaming sites — iQiYi, which is owned by Baidu Inc (ADR) (NASDAQ:BIDU) as well as Youku Tudou Inc. (NYSE: YOKU) and Sohu.com Inc. (NASDAQ: SOHU) will all have to remove the programming. Just last month iQiYi replaced Youku as China’s most popular video streaming site. Baidu Inc (ADR) (NASDAQ:BIDU) stock is currently trading at $153.59.The EPS of the stock is 4.79. Company’s market capitalization is $53.70 billion.
Corning Incorporated (NYSE: GLW) announced its results for the first quarter of 2014. Core earnings per share were $0.31 per share*, an increase of 7% over the first quarter last year and better than expected. GAAP earnings per share were $0.20.Corning Incorporated (NYSE:GLW) stock opened the session at $21.30, and now is at $20.99. The 52 week range of the GLW stock remained $13.82-$21.77 and the day range was $20.35-$21.30.
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