Linked by Thom Holwerda on Wed 24th Aug 2011 23:05 UTC
Apple Why does news like this always come right before I want to go to bed? Steve Jobs has just announced he is stepping down from the CEO position of Apple. He will be succeeded by Apple's chief operating officer, Tim Cook. Steve Jobs will remain at Apple as chairman of the board and director. This is... Strange.
Permalink for comment 486712
To read all comments associated with this story, please click here.
The answer to your first question ...
by JoeBuck on Thu 25th Aug 2011 00:42 UTC
JoeBuck
Member since:
2006-01-11

"Why does news like this always come right before I want to go to bed?"

It's because American companies announce big news that will move the stock price after the American markets have closed, which will be late in the evening for you in the Netherlands.

They are required to do this if possible by the insider trading laws, so those who find out a bit earlier don't have as much of an advantage over those who haven't heard.

Reply Score: 7