Webwire: Apple details dividend; China stalls Google-Moto deal
Apple plans to splash some of its $98 billion (€74.1 billion) cash pile on stock buybacks, and paying its first dividend to shareholders since 1995.
Chinese competition authorities are holding out on approval of Google’s $12.5 billion (€9.4 billion) acquisition of Motorola, initiating a second round of probes into the deal.
Local labor groups claim Chinese consumer electronics manufacturer Foxconn – an Apple supplier - remains under scrutiny over working conditions despite a US radio show backtracking on claims of worker abuse.
Samsung plans to use its own single-chip technology in the Galaxy S III, as it attempts to reduce its dependence on Qualcomm chips for its smartphones.
A New Zealand court states a court order allowing assets of Megaupload founder Kim Dotcom to be seized is null and void, after local police admitted to errors in the seizure documents.
Verizon CEO Lowell McAdam earned a total of $23.1 million (€17.4 million) last year, some three times more than in his previous role as COO.
India's broadband subscriber base hit 13.3 million by end of 2011. The government has set a target of having 175 million broadband connections by 2017.