CUPERTINO, Calif. (AP) - Apple plans to buy back an additional $30 billion of its stock and raise its quarterly dividend by 8 percent amid a slowdown in revenue growth. The commitment announced Wednesday as part of Apple's fiscal second-quarter earnings report expands on the company's previous pledge to spend $60 billion on stock buybacks by the end of next year. Apple Inc. also is raising its quarterly dividend to $3.29 per share as part its effort to funnel more money to stockholders.
SANTA CRUZ, Calif. (AP) - Santa Cruz is imposing water rationing for residential customers in an effort to reduce consumption by 25 percent because of California's drought. The Santa Cruz Sentinel reports that the City Council on Tuesday unanimously approved the restrictions, the first mandatory cuts to water use in 25 years. Beginning next month, households with four people will be allotted about 250 gallons, and condominiums, apartments and duplexes will get about 124 to 174 gallons per residence.
PHOENIX (AP) - A Southern California woman who was held at a Phoenix airport four years ago after refusing to have her breast milk X-rayed has reached a settlement with the Transportation Security Administration. Stacey Armato of Hermosa Beach, who filed a lawsuit in U.S. District Court in Phoenix, said Wednesday that TSA officials have tentatively offered her $75,000, along with promises to retrain agents and clarify its guidelines on screening breast milk.
LOS ANGELES (AP) - Jodie Foster is a married woman. A representative for the Oscar-winning actress confirms that Foster wed girlfriend Alexandra Hedison over the weekend. Publicist Jennifer Allen offered no other details Wednesday. E! was the first to report that Foster tied the knot with Hedison, a 44-year-old photographer based in Los Angeles.
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