Company News for March 20, 2012

Zacks Equity Research

•    Shares of Apple Inc. (NASDAQ:AAPL) crossed $600 for the first time after the iPad and iPhone maker announced a dividend payout of $2.65 per share coupled with a share buyback program worth $10 billion

•    Target Corporation (NYSE:TGT) announced that its dividend will expectedly climb to $3 per share or more within 2017. The company also spoke of its plans to continue the share repurchases

•    United Parcel Service, Inc.’s (NYSE:UPS) acquisition bid worth $6.9 billion has reportedly been accepted by TNT Express

•    Shares of Broadcom Corporation (NASDAQ:BRCM) were up 2.6% after it announced that it had  won the preliminary injunction related to a major patent infringement case against Emulex Corporation (NYSE:ELX)
 

Read the analyst report on AAPL

Read the analyst report on TGT

Read the analyst report on UPS

Read the analyst report on BRCM

Read the analyst report on ELX

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