Apple expands buybacks by $30 billion, OKs seven-for-one stock split

SAN FRANCISCO - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.

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U.S. regulators to propose new net neutrality rules in May

WASHINGTON - U.S. regulators are expected to vote on May 15 on a new set of so-called "net neutrality" rules aimed at making certain that broadband providers do not slow down or block consumers' access to legal Internet content.

Qualcomm's second-quarter revenue misses estimates

SAN FRANCISCO - Qualcomm Inc on Wednesday posted quarterly revenue that missed expectations as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower.

Tech, Media, China 5:06pm EDT

Zynga's Pincus withdraws further from operations

SAN FRANCISCO - Zynga Inc co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as chief executive Don Mattrick pushes through a restructuring plan.

4:20pm EDT

U..S consumer bureau to test electronic mortgage closings

WASHINGTON - Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday.

4:30pm EDT


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