Apple sells $17 billion in bonds in record deal




Business Top Stories from Associated Press (AP) show

Summary: NEW YORK (AP) , Apple Inc. sold $17 billion in bonds Tuesday in a record deal spurred by the company's plan to placate its frustrated shareholders. The Cupertino, Calif., company sold the bonds in its first debt issue since the 1990s to raise money to pass along to shareholders through dividend payments and stock buybacks.