Apple plans to sink further into the red
Apple (AAPL) Tuesday announced a plan to pile on even more debt - even though the gadget maker is the world's richest non-financial company.
The maker of smartphones filed with the Securities and Exchange Commission plans to sell a series of bonds maturing as soon as 2018 and as far in the future of 2046. The move might seem curious since Apple has $216 billion in cash and investments in the bank. It's really a financial engineering move that allows the company to delay paying U.S. taxes.
By borrowing Apple gets cash to pay dividends and buy back shares of stock without hauling its billions... read more
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