Stocks Edge Up to Close at Multi-Year Highs
Dell's (DELL) board approved the PC maker's first-ever quarterly payout of 8 cents a share, payable on Oct. 22 to shareholders of record on Oct. 1. Shares added 1.1%.
The aforementioned Apple was in the news as well. The iPhone maker is reportedly in talks to license music for a custom-radio service similar to the one operated by Pandora Media (P). The Wall Street Journal report sent shares of Pandora down nearly 17%.
Apple was also negatively impacting Audience Inc (ADNC), whose shares plummeted more than 63% after the company said it now believes Apple is unlikely to use its processor intellectual property in its next generation mobile phone.
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