Apple CEO chats with Carl Icahn - market value soars

Wochit 0:56 mins

Famous investor named Carl Icahn announced in a Tweet that he bought a bunch of Apple stock and had just talked to Apple's CEO on the phone. Carl Icahn's private conversation with Tim Cook had gone well, according to Icahn, and he said he planned to talk to Cook again soon, and in the next couple of hours, Apple's stock exploded 5% higher, increasing the company's market value by $17 billion. Pandora says it isn't sweating the coming of Apple's iTunes Radio later this year. In fact, it's looking forward to it."I think there are a lot of benefits" from the introduction of iTunes Radio, Chief Financial Officer Mike Herring said adding that iTunes Radio will bolster the exposure of digital radio and accelerate the move to it from traditional broadcast radio.

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