• Most Popular
  • Most Shared

REFILE-UPDATE 1-Apple's Jobs to take medical leave till end-June

Wed Jan 14, 2009 5:06pm EST

Stocks

   

(Corrects day of week in first paragraph)

Stocks  |  Global Markets

LOS ANGELES, Jan 14 (Reuters) - Apple (AAPL.O) Chief Executive Steve Jobs will take a medical leave of absence from his post till the end of June because his health problems turned out to be "more complex than originally thought," he said on Wednesday, surprising investors.

Jobs, a pancreatic cancer survivor, said, however, he planned to remain involved in major strategic decisions while he's away. Apple Chief Operating Officer Tim Cook will take responsibility for day-to-day operations in Jobs' absence.

The statement comes just over a week after Jobs sought to soothe investors' persistent concerns about his health, saying his marked weight loss over past months was due to a hormone imbalance that was relatively simple to treat. [ID:nN05200877]

Speculation about his health resurfaced in June 2008, when Jobs appeared markedly thinner at an Apple event. He is seen as the driver of Apple's successful products, including Macintosh computers, iPod media players and iPhones. (Reporting by Edwin Chan; editing by Richard Chang)



More from Reuters

Photo

Family says Nigeria attacker had cut off contact

ABUJA (Reuters) - The family of a Nigerian man who tried to blow up a U.S. passenger airliner said on Monday they had lost contact with him while he was studying abroad and reported his disappearance to security agencies two months ago. | Video

A Delta Airbus 330 airliner sits on a runway at Detroit Metropolitan Airport in Romulus, Michigan in this video grab made December 25, 2009. Credit: REUTERS/WDIV TV/Handout

The battle in mid-air

The attraction of bombing airliners means the aviation industry has to be constantly vigilant in its fight against attackers.  Full Article 

A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article