Money Minute: Apple Shares Set to Shine; Travel Looking Up

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Apple puts a shine on its stock.

Shares of Apple (AAPL) are set to soar this morning after the company announced a series of moves that have investors cheering. Earnings topped expectations, iPhone sales were strong, and Apple is slicing its stock up in an unusual 7-for-1 stock split. At Wednesday's closing price of about $525 a share, the post split stock would trade for about $75. Apple also raised its dividend and the size of its stock buyback. But Apple fans are still waiting for new products. The expectation is that a new, larger screen iPhone will be introduced later this year.

Facebook (FB) can be addictive. It can also be really annoying -- and the company wants to do something about that so that users don't unfriend Facebook. The company will survey users about what kinds of posts bother them the most. Facebook is particularly concerned that teens and young adults feel their news feeds are being overwhelmed by Mom and Dad. An estimated 71 percent of all adults who use the Internet are on Facebook, and that may be too much of a good thing for advertisers trying to reach younger users.

People around the world are tired of belt-tightening. A new survey by TripAdvisor (TRIP) finds vacation lovers plan to increase spending by 3 percent this year to more than $6,100. Many Europeans and Australians plan to spend even more. The most popular destinations are in Europe -- Italy in particular -- followed by Asia and then North America.

Here on Wall Street on Wednesday, the Dow Jones industrial average (^DJI) fell 12 points, the Standard & Poor's 500 index (^GPSC) lost 4, and the Nasdaq composite (^IXIC) dropped 34 points.

Finally, the toymaker Lego had a huge hit with its "Lego" movie, so now Mattel (MAT) is preparing Barbie, the movie. While Barbie is an iconic brand, its sales have been slumping. They dropped 14 percent in the first quarter. Mattel will partner on the project with Sony Pictures.

-Produced by Drew Trachtenberg.


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Gumby

Facebook needs its own search engine like Bing, Yahoo or Google, etc. perhaps. that can help friends find new friends with similar interests, for example

April 24 2014 at 12:24 PM Report abuse rate up rate down Reply
Gumby

Facebook needs to understand better what people like to talk about everyday. People changes topics all the times. 15 minute attention spans and things like that. If I dont like certain specific topics that my friends post, I need to be able to unfollow that type of topic. while still allow them to post different ones. I dont want to bore my friends with my favorite topics , either.

April 24 2014 at 12:22 PM Report abuse rate up rate down Reply