Apple Raises $17 Billion in Record Debt Sale Why would a company with $145 billion in cash even bother to issue debt? The answer has a lot to do with the frenzied state of the bond markets. More
White House backs off mandatory cybersecurity standards for companies The White House has backed away from its push for mandatory cybersecurity standards in favor of an approach that would combine voluntary measures with incentives for companies to comply with them. That approach reflects recognition of the political reality of a divided Congress that makes mandated standards difficult to push through, and a belief that an executive order President Obama signed in February could improve companies’ cybersecurity. More
Apple Faces Dilemma in China Apple's China sales rose at a healthy clip in its latest quarter, but the numbers belied growing concerns as the bonanza in high-end smartphones started winding down. More
Ibotta, the Denver-based digital marketing and consumer rebate platform, raised $328 million for its investors and $198 million for itself in an initial public offering that outstripped expectations this week.
Underwriters had expected the company could get between $76 to $84 a share, in an offering that was intended to allow earlier investors to exit with a nice return.