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NEW YORK, United States (AFP) – Microsoft announced a new $40 billion share buyback on Tuesday as part of an effort to return more cash to stockholders.

The tech giant, which has seen its stock stagnate in recent years, also said it was increasing its dividend by 22 percent to 28 cents a share.

The new share buyback comes on the heels of another share repurchase plan announced in 2008, which was set to expire in September.

“These actions reflect a continued commitment to returning cash to our shareholders,” said Microsoft chief financial officer Amy Hood.

The move comes with Microsoft in transition, having announced the departure of chief executive Steve Ballmer within a year.

Microsoft, which is trying to refocus the company around “devices and services” after missing the transition to mobile computing, also recently announced it was buying the mobile phone division of Nokia.

The maker of Windows software had been the undisputed leader of the tech sector for years, but recently has been overtaken in market value by Apple and Google.

Microsoft shares jumped 1.8 percent to $33.40 in opening trade on Wall Street.

Official White House Photo by Joyce N. Boghosian

Reprinted with permission from Alternet

President Donald Trump showed his ineptitude and disregard for democracy on Wednesday during a press briefing when he was asked about the peaceful transfer of power after the election.

A reporter asked: "Will you commit to making sure there is a peaceful transferral of power after the election?"

"Well, we're going to have to see what happens," Trump said.

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