Apple has been a profit geyser well before it was valued at the $1 trillion milestone the company reached on Thursday. Even Warren Buffett is impressed. “It is an unbelievable company,” the legendary investor and Apple stockholder said in May as he marveled that Apple earns almost twice as much as the second-most profitable company in the U.S. Buffett is right. Apple reported $68 billion in profit before taxes and nonoperating items in the last year. In distant second place is JPMorgan Chase with $39 billion in operating profit. But this isn’t another tale of Apple’s impossible-to-believe profit power, because Apple isn’t the powerhouse that it used to be. Apple is now a tale of incredibly shrinking profit margins. Apple generates less profit from each dollar of sales than it did in 2010, when it was worth one-quarter as much. Investors most likely won’t care as long as Apple keeps growing and as long as it continues to churn out eye-popping … [Read more...] about Honey, I shrunk $1 trillion Apple’s profit margins
Carl icahn apple
Page 1 Created with Sketch. With Andrew Ross Sorkin Supported by APRIL 23, 2018 Continue reading the main story Share This Page Continue reading the main story Good Monday. Here’s what we’re watching:• Sears shares jumped after ESL called on the Sears to sell the Kenmore brand.• Walmart is said to be close to gaining a majority stake in Flipkart.• Mike Bloomberg opened his wallet for climate change.• Learn more about “transshipping,” one of President Trump’s big trade bugbears. Want this in your inbox each morning? Sign up here.Edward Lampert offers to buy KenmoreShares of Sears Holding are up about 4 percent in recent trading on Mr. Lampert’s latest attempt to save the troubled retailer.In a letter to the Sears board, Mr. Lampert, whose ESL Investments hedge fund owns a controlling stake in the company, said ESL would also be willing to buy the retailer’s … [Read more...] about Edward Lampert Offers to Buy Kenmore From Sears: DealBook Briefing
Democracy Dies in Darkness Sections Home Subscribe Try 1 month for $1 Username Sign In Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Subscribe Account Profile Newsletters & Alerts Gift Subscriptions Contact Us Help Desk Accessibility for screenreader Warren Buffett is considering offering a buyback to his 1 million shareholders in Berkshire Hathaway, even though he has avoided such a move for more than 50 years. (Andrew Harnik/AP) by Thomas Heath by Thomas Heath Email the author April 13 at 1:16 PM Email the author America’s 500 biggest public companies in 2018 are expected to distribute up to $600 billion or more through stock buybacks. Even Warren Buffett, who for more than 50 years has avoided such a move, is considering offering a buyback to his 1 million shareholders in Berkshire Hathaway. “As the subject of repurchases has come to a boil, some people … [Read more...] about America’s biggest companies are announcing buybacks. But whose cash is it, anyway?
By Tatyana Shumsky Tatyana Shumsky The Wall Street Journal BiographyTatyana Shumsky @MissShumsky [email protected] Apr 5, 2018 7:36 am ET 0 COMMENTS Sign up for the Morning Ledger, emailed to you each weekday morning. Follow us on Twitter: @CFOJournal. All CFO Journal-produced content can be accessed without a subscription. U.S. President Donald Trump holds up a signed presidential memorandum, Washington, D.C., U.S., March 22, 2018. Bloomberg Good morning. It’s time to make a deal. The Trump administration’s dispute with Beijing over potential tariffs has kicked off a high-stakes standoff over future trade relations between the world’s two largest economies, write the WSJ’s Josh Zumbrun, Siobhan Hughes and William Mauldin. The two governments will now follow a timeline stretching over the next half year, during which they will seek to negotiate a new normal. President Donald Trump, who initiated the … [Read more...] about The Morning Ledger: Tariff Battle Shifts to Intense Negotiation Period
New York's nastiest divorce has gone nuclear. The wife of billionaire developer Harry Macklowe has turned over a computer the couple shared in their palatial Plaza condo to the FBI, saying it contains searches for child porn, the Daily News has learned. A grand jury subpoena dated Jan. 26 from the Southern District of New York to Linda Macklowe indicates the feds were probing a possible violation of federal law related to child porn. Linda handed the iMac computer over to the FBI on Feb. 5. The Macklowes are awaiting a judge's decision in their scorched-earth $2 billion divorce. Linda Macklowe said she was “shocked and horrified” to learn of the computer's alleged data. “I had an obligation to turn it over to the appropriate authorities, which I did, and intend to work cooperatively with investigators until this is resolved,” she added. Experts hired by Linda Macklowe, 79, allegedly discovered the sick search history while scraping the computer for any … [Read more...] about Harry Macklowe’s estranged wife hands over computer allegedly used to search for child porn