Apple drops shares plan after ruling February 24, 2013 - 18:02 AMT PanARMENIAN.Net - Apple has dropped a planned vote of shareholders after a U.S. judge blocked the move in an ongoing spat over what to do with the tech giant's huge cash pile, BBC News reported. The judge backed a lawsuit by activist shareholder David Einhorn, who wants Apple to return more cash to shareholders. Apple boss Tim Cook had called the lawsuit a "silly sideshow" but has complied with the judge's ruling. The firm has $137bn (£90bn) in cash. This is despite having already repaid $10bn via dividends and share buybacks. Following the preliminary ruling by U.S. District Judge Richard Sullivan in New York, Apple has dropped plans to ask shareholders to vote on whether to abolish a contractual right that the company currently enjoys to issue such preference shares without limit.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. |
