25 Aug '11, 6am

Steve Jobs' resignation cost Standard & Poor's 500 Index S$63 billion

NEW YORK - The cost of Apple CEO Steve Jobs' resignation seems to be tagged at US$52 billion (S$62.8 billion). Future trading shows Mr Jobs' resignation erased US$52 billion from the benchmark gauge for United States stocks. The September contract on Standard & Poor's 500 Index fell by up to 0.6 per cent after the resignation was announced at 6.34pm yesterday (6.34am, this morning, Singapore time). The measure's total market value was US$9.34 trillion at the close of regular trading at 4pm, data compiled by Bloomberg show. Apple fell 5.1 per cent. The CEO position will be taken over by Apple chief operating officer Tim Cook. Mr Jobs has been on medical leave since Jan 17, with his duties being filled by Mr Cook. Jobs spent all yesterday meeting with board members and top managers at Apple's headquarters at Cupertino, and plans to remain active in his new role (as chairman ...

Full article: http://www.todayonline.com/Business/EDC110825-0000729/Job...

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blackhatworld.com 27 Aug '11, 10am

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Steve Jobs is no longer CEO of Apple, remains as Chairman of the Board

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Apple's legendary co-founder and top ideas man Steve Jobs (above) resigned as chief executive on Wednesday. -- PHOTO: REUT...

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sg.news.yahoo.com 25 Aug '11, 1am

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My Favorite Steve Jobs Moment via @friedbeef

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friedbeef.com 26 Aug '11, 12am

Yesterday was an end of an era as Steve Jobs stepped down from Apple as CEO. Steve is known for many things – Revolutioniz...