The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Despite its extraordinarily flush balance sheet, technology behemoth Apple Inc borrowed money on Tuesday for the first time in nearly two decades. In a record-size bond deal, the company raised $17 billion, paying interest rates that hovered near the low-cost debt of the United States Treasury. ()* U.S. President Barack Obama is expected on Wednesday to nominate Tom Wheeler, a venture capital investor and fund raiser in Obama's presidential campaigns, as chairman of the Federal Communications Commission, two administration officials said Tuesday. ()
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 2.94% or $12.66/share to $442.78. In the past year, the shares have traded as low as $385.10 and as high as $705.07. On average, 17939600 shares of AAPL exchange hands on a given day and today's volume is recorded at 24697766.
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