Wednesday, August 01, 2018

Apple buybacks eclipse value of most S&P 500 companies -- Reuters

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"Apple Inc said on Tuesday it handed its shareholders $20 billion through share buybacks in the June quarter, bringing its tally this year to a record $43 billion and helping push its stock price to an all-time high.
With a mountain of overseas cash freed up by last year’s sweeping U.S. corporate tax cuts, Apple’s share repurchases in the first half of calendar 2018 exceed the stock market value of almost three quarters of the companies in the S&P 500, including Ford Motor Co, Delta Air Lines Inc and Twitter Inc."
Apple buybacks eclipse value of most S&P 500 companies  -- Reuters
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