Apple And Barclays Looking For Shoppers
June 8, 2009 by Tisa Silver
Filed under Finance
iShares and iPhones are for sale, and no, iShares is not an iPhone application! Although, you could probably use your iPhone to buy iShares.
iShares are exchange traded funds (ETF). The unit of Barclays (Ticker: BCS) which sells the funds (iShares Funds) is the world’s largest family of ETFs. The unit is still for sale even though a $4.2 billion deal was agreed to with CVC Capital Partners in April.
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Photo by Johan Larsson, courtesy of flickr
According to Briefing.com, Barclays has until June 18 to find a better bid. Barclays is also trying to sell its asset management arm, Barclays Global Investors, the world’s largest fund manager.
Shares of Barclays closed down 1.5 percent today.
In other “i” news, effective today, Apple (Ticker: AAPL) lowered the price of its 8GB iPhone 3G to $99. The price cut was announced in conjunction with the release of a newer, faster iPhone.
The new 16 GB iPhone 3G S, will go on sale next Friday for $199. The 32 GB unit will sell for $299. Shares of Apple closed down slightly, losing less than one percent each.
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