Radar Movers: Apple and Facebook Struggle, Comcast Announces Major Acquisition

  Google+  Twitter | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Shares of Apple (NASDAQ:AAPL) fell 2.5 percent on Tuesday and continue to edge lower in late afternoon trading. Tim Cooks says Apple has looked at purchasing more than one large company in the past, but none passed their test for acquisition. Speaking at the Goldman Sachs technology conference, he was answering a question on whether there was something about Appleā€™s culture that turned it against the concept of large acquisitions. Apple has been criticized for not making its $137 billion in cash holdings work by either buying companies or returning cash to investors.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business