Finance News – Eric Schmidt, Wall Street Journal, Apple Inc, Google Options Turn Bearish After Schmidt’s Stock Sale
Bearish trading in Google Inc. options rose to its highest level relative to bullish bets in three months Monday, after the company reported Friday Executive Chairman Eric Schmidt plans to sell Google shares valued around .5 billion over the next year.
Stock futures signal flat open
Stock index futures pointed to a flat open on Wall Street on Friday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.01 percent and Nasdaq 100 futures up 0.05 percent at 1028 GMT. …
Einhorn sues Apple, marks biggest investor challenge in years
NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc on Thursday confronted its first major challenge from an activist shareholder in years as hedge fund manager David Einhorn’s Greenlight Capital filed suit against the company and demanded that it dole out a bigger piece of its 7 billion cash pile to investors.