Remains of the Day: Splitsville
One analyst thinks Apple might split its stock, The Daily splits up with some of its staff, and a writer suggests a few companies that Apple might want to share a banana split with. The remainders for Tuesday, July 31, 2012 are split right down the middle.
Apple Rises as Bernstein Sees Stock Split, Dow Membership Ahead (BloombergBusinessweek)
Apple may be considering a stock split, says a lone financial analyst, which could put the company on the Dow Jones Industrial Average. To date, the high prices of the stock have kept it off—a problem also encountered by Google. But really, ask yourself who probably cares more about Apple being on the Dow Jones: Apple, or a financial analyst? Yeah.
An audit conducted by New York State Comptroller Thomas DiNapoli has concluded that the Metropolitan Transportation Authority gave Apple an unfair edge when the company was bidding for retail space at Grand Central Terminal. The MTA’s Chairman and CEO responded by saying that the audit was “not fact-based.” Apple, meanwhile, will happily sell iPads and iPhones to both parties.
The Daily Lays Off a Third of Its Staff (AllThingsD)
After the publication was reportedly put “on watch” earlier this month, The Daily has announced that it’s laid off almost a third of the staff for the iPad-only magazine and, among other cost-cutting measures, will source Sports and Opinion content from other partners. Layoffs and outsourcing? Congrats, guys: You’ve managed to re-create the experience of dead-tree newspapers almost perfectly.
Suggestions for an Apple Shopping List (New York Times)
The Times’s Andrew Ross Sorkin has some suggestions for what Apple could buy with its $117 billion in cash, including Twitter, RIM, Square, and Nuance. Hey, as long as we’re throwing out random companies, did you know that The New York Times was valued at about $2 billion back in 2010? What? No reason!
Twitter’s general counsel has taken to the company’s blog to try and clear the air about a journalist’s ban from Twitter earlier in the week. Guy Adams of the Independent had his Twitter account suspended after he published the corporate email address of the NBC executive in charge of Olympics coverage. Twitter has now unsuspended Adams’s account and apologized to its users. Sadly, none of this seems to have had the end result of, you know, actually improving NBC’s Olympics coverage.
Steve Jobs biographer Walter Isaacson is challenging a subpoena for his notes and tape-recorded interviews with the late Apple CEO. The case in question is a class action suit against Apple and publishers over collusion to fix ebook prices (not to be confused with the Department of Justice’s suit over the same matter). Isaacson’s attorney has claimed that the interviews are not relevant or could be obtained from other sources. Maybe someone should tell the plaintiffs that the book itself is available on the iBookstore.