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Apple returns to debt market to fund buybacks, dividends

Bloomberg Apple Inc. is selling bonds again to finance its current round of share buybacks and dividends. The iPhone maker is offering the debt in as many as five parts, according to a filing. The longest portion of the sale, a 30-year security, may yield 1.125 percentage points above Treasuries, down from initial talk of around 1.25 percentage points, according ...

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Symantec chief open to industry-shaking deal

Bloomberg Symantec isn’t done making deals. The 35-year-old cybersecurity company, which completed two multibillion-dollar acquisitions over the past 14 months, is open to another large purchase after a period of paying down debt and proving to Wall Street it can meet growth targets, Chief Executive Officer Greg Clark said. “There are things that could absolutely change everything in the industry ...

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Houston Rockets gets sold for $2.2bn

Bloomberg Houston restaurateur Tilman Fertitta is buying the Houston Rockets for $2.2 billion, according to people familiar with the deal. The price would be a new high for the National Basketball Association, breaking the $2 billion Steve Ballmer paid for the Los Angeles Clippers in 2014. Rockets owner Les Alexander announced in July that he was selling the franchise, which ...

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