Cisco (NASDAQ:CSCO) increased its dividend, providing yet another sign this week that tech companies have become the new industrials. The networking company began paying the dividend in April of 2011. It increased the dividend by two cents to 8 cents per share in April. Now, although its sales increased 4.4 percent last quarter, which is less than it would prefer to see long-term, it is increasing its dividend to 14 cents a share.
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Toyota Motor Corporation (NYSE:TM) has begun to sell the newly redesigned Auris compact hatchback in Japan and intends to begin offering the model in Europe by the year’s end, according to the Nikkei. Shares of Toyota Motor Corporation are trading 0.64% higher today.
Sirius XM Radio (NASDAQ:SIRI) and Volkswagen of America announced together this morning that customers purchasin pre-owned Volkswagen vehicles equipped with factory installed satellite radios will now be given free 3-month trial subscriptions to Sirius XM Radio. The new promotion will be available to customers at all Volkswagen dealerships across the United States.
Apple Inc. (NASDAQ:AAPL): A study conducted by Localytics reveals that the amount of Windows Phone (NASDAQ:MSFT) handsets has increased 312 percent globally since January and 273 percent in the U.S., according to AllThingsD. Nokia’s (NYSE:NOK) share of the global Windows Market has grown to about 60 percent from about 22 percent of the market. AllThingsD adds that although the growth appears great, Microsoft and Nokia’s market share is not enough to support the ambitions of either company. Shares of Apple Inc. are trading 1.62% higher today.
Facebook, Inc. (NASDAQ:FB) director Peter Thiel sold the majority of his stake in the operator of the world’s largest social-networking website, which brings his proceeds to over $1 billion, after the end of restrictions on insider sales. Thiel, who is one of the earliest investors in Facebook, sold nearly 20.1 million shares in the company on Aug. 16 and Aug. 17, raising $395.8 million, according to a filing yesterday with the U.S. Securities and Exchange Commission. Thiel, who is a venture capitalist and hedge-fund manager, had already gained $640.1 million in sales during the initial public offering. Shares of Facebook, Inc. are trading 3.25% lower today.
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