Tech giant Apple Inc. (NASDAQ:AAPL) filed for its first potential yen-based bond offering. The bond matures in 2020, according to a filing with the Securities and Exchange Commission. The total size of the proposed offering was not disclosed.
The iPhone maker aims to take advantage of low interest rates in non-U.S. markets, and will use proceeds for shareholder returns and to possibly expand Japanese operations, according to the Wall Street Journal.
The move comes ahead of Apple's 2015 Worldwide Developers Conference (WWDC) on June 8-12.
Shares of Apple rose 0.5 percent to $131.39 in morning trading.
Microsoft Corporation (NASDAQ:MSFT) announced Monday Windows 10 will be released on July 29 in 190 countries as a free upgrade for users of Windows 7 and Windows 8.1. The company had previously said the updated operating system would be released "this summer."
Shares of Microsoft edged up 0.4 percent to $47.30.
Dow component Intel Corporation (NASDAQ:INTC) announced Monday the world’s largest chipmaker is buying smaller rival Altera Corporation (NASDAQ:ALTR) for $54 per share, valuing the transaction at nearly $17 billion. The deal, which is expected to close at the end of 2015, or early 2016, will expand Intel’s line-up of higher-margin chips used in data centers.
Intel shares rose 0.2 percent to $34.56, while shares of Altera leaped 6 percent to a 52-week high of $51.90.
Shares of Molycorp Inc. (NYSE:MCP) plunged nearly 15 percent as the rare earth oxide producer announced it would delay a $32.5 million loan payment, sparking a 30-day grace period. The delay could lead the company into filing for bankruptcy before the end of June, the Wall Street Journal reported.
The stock tumbled 14.5 percent to 45 cents.