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Apple (AAPL.O) CFO: The company is applying for tariff refunds "through normal procedures" and will reinvest any recovered amounts in its advanced manufacturing projects in the United States.On May 1st, according to the Wall Street Journal, MetaPlatforms CEO Mark Zuckerberg provided new details about the companys aggressive AI plans and addressed the markets negative reaction to its first-quarter results at a company-wide meeting on Thursday. Zuckerberg attributed the 8% drop in Metas stock price to investor concerns about upward revisions to its expected capital expenditures and the companys forecast of slower growth in the second quarter. Zuckerberg said that Metas advertising business experienced a "trajectory shift" after the US-Iran conflict in late February. He said, "If oil prices rise, then consumers will spend more money on oil and gasoline, and less on non-essential items, which are typically targeted for advertising." Zuckerberg attributed the companys planned layoffs next month to the need to invest more in data centers and other AI infrastructure. He said, "The company basically has two cost centers. One is computing and infrastructure, and the other is people. If we invest more in one area to serve our community, it means we have less capital to allocate to the other area. So it means we really need to scale back the company a bit."Apple (AAPL.O) CEO Tim Cook: Memory costs are expected to have a greater impact on the business beyond the current quarter. We will consider various options to address memory cost issues.Apple (AAPL.O) CEO Tim Cook: Memory costs in the second quarter were higher than in the first quarter. Memory costs in the third quarter are expected to be significantly higher than in the second quarter.On May 1st, Apples incoming CEO, John Turner, stated briefly during the companys earnings call that he will continue Tim Cooks prudent approach to financial decision-making. He said, "A key characteristic of Tims tenure was his thoughtful, cautious, and rule-abiding approach to the companys financial decisions. I intend to continue this approach when I take over in September."

Following the announcement of a $19 billion acquisition bid, Toshiba shares surge

Aria Thomas

Oct 13, 2022 11:30

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Shares of Toshiba (OTC:TOSYY) Corp rose about 9 percent in Thursday morning trading, following news that a group of domestic investors is trying to acquire the Japanese conglomerate for 2.8 trillion yen ($19.1 billion).


A consortium led by Japan Industrial Partners, a Japanese private equity group, made the bid, which represented a 26% premium over Wednesday's closing price, according to Kyodo.


According to the Japanese business newspaper Nikkei, the consortium, which includes Chubu Electric Power Co, was granted the right of first refusal in its bid for Toshiba.


In Tokyo morning trade, Toshiba shares rose 8.5% to 5,566 yen, putting them on course for their highest one-day gain in almost a year.

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