Einhorn Raises Apple Bet, Praises Capital Plan

May 7 (Bloomberg) -- Hedge fund manager David Einhorn said he increased his bet on Apple Inc. and that the iPhone maker took a "major step forward" by issuing debt so it could return cash to investors. Einhorn spoke on a teleconference today held by his Greenlight Capital Re Ltd. reinsurer. (This is an excerpt. Source: Bloomberg)

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