Worries Over Jobs's Health Weighs on the Stock

UPDATE. Bloomberg

Apple Inc. rose as much as 3.9 percent in Nasdaq trading after the New York Times said Chief Executive Officer Steve Jobs has told associates he is cancer- free, four years after an operation to treat pancreatic cancer.

Jobs told members of Apple's board that he is dealing with nutritional problems after his cancer surgery, which can lead to weight loss in some cases, the newspaper said, citing people close to him. He had surgery this year to fix a problem that caused the weight loss, the Times reported. "

Apple Inc.'s refusal to discuss Chief Executive Steve Jobs's health is worrying investors, causing them to scurry for what information they can get while asking just when an iconic CEO's health becomes material for a company. The Wall Street Journal reports.

"... Fears flared earlier this year, when Mr. Jobs appeared gaunt at a public appearance; the company at the time blamed "a common bug." The fears were stoked anew this week with a report in the New York Post that the CEO is unwell. Now, said one Apple fund investor, "everyone's worried."

Apple spokeswoman Katie Cotton on Tuesday reiterated that Mr. Jobs's health is private."

emily | 8:07 AM | News, Buzz |
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