Microsoft Corp. shares popped higher near the end of trading on Monday after Bloomberg News reported that the technology company will raise money this year though the sale of bonds.
It's a big move for the relatively debt-free company, which has an astounding $36.8-billion (U.S.) in cash and near-cash already and generates $22-billion in free cash flow. According to the news item, the new debt would help pay for dividends and buybacks.