Natural Gas Inventory 49 bcf vs 42 bcf Expected Apr 24, 2014 10:30AM

Natural Gas Inventory 49 bcf vs 42 bcf Expected


Apple, Inc. (AAPL) Approves Increase in Buyback to $90B, Seven-for-One Split Apr 23, 2014 04:31PM

Apple (Nasdaq: AAPL) announced that its Board of Directors has authorized another significant increase to the Company’s program to return capital to shareholders. The Company expects to utilize a total of over $130 billion of cash under the expanded program by the end of calendar 2015.

As part of the program, the Board has increased its share repurchase authorization to $90 billion from the $60 billion level announced last year. The Company expects to continue to utilize about $1 billion annually to net-share-settle vesting restricted stock units.

Additionally, the Board has approved an increase to the Company’s quarterly dividend of approximately 8 percent and has declared a dividend of $3.29 per common share, payable on May 15, 2014 to shareholders of record as of the close of business on May 12, 2014. The Company also plans to increase its dividend on an annual basis. With annual payments of $11 billion, Apple is among the largest dividend payers in the world.

From August 2012 through March 2014, Apple has spent $66 billion in cash on its capital return program.

To assist in funding the program, the Company expects to access the public debt markets during 2014, both domestically and internationally, for an amount of term debt similar to what the Company raised during 2013. The management team and the Board of Directors will continue to review each element of the capital return program regularly.

“We are announcing a significant increase to our capital return program,” said Tim Cook, Apple’s CEO. “We’re confident in Apple’s future and see tremendous value in Apple’s stock, so we’re continuing to allocate the majority of our program to share repurchases. We’re also happy to be increasing our dividend for the second time in less than two years.”

The Board of Directors has also announced a seven-for-one stock split. Each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014.


UPDATE: Crude Inventory 3.5M Barrels vs 2.7M Expected Apr 23, 2014 10:33AM

(Updated - April 23, 2014 10:33 AM EDT)

Crude Inventory for the week ending April 18th increased 3.52 million barrels vs a gain of 2.68 million expected.

Gasoline inventory declined 274 thousand barrels vs a decline of 1.5 million expected.

Distillate inventory grew 597 thousand barrels vs a decline of 495 thousand expected.

Cushing inventory declined 788 thousand barrels.


UPDATE: Crude Inventory 3.5M Barrels vs 2.7M Expected Apr 23, 2014 10:33AM

(Updated - April 23, 2014 10:33 AM EDT)

Crude Inventory for the week ending April 18th increased 3.52 million barrels vs a gain of 2.68 million expected.

Gasoline inventory declined 274 thousand barrels vs a decline of 1.5 million expected.

Distillate inventory grew 597 thousand barrels vs a decline of 495 thousand expected.

Cushing inventory declined 788 thousand barrels.


Natural Gas Inventory 24 bcf vs 35 bcf Expected Apr 17, 2014 10:30AM

.Natural Gas Inventory 24 bcf vs 35 bcf Expected


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