Apple's Steve Jobs will be taking a medical leave of absence for the second time in two years but will remain CEO of the company, involved in strategic decision-making.
Chief Operating Officer Tim Cook will assume responsibility for the company's day-to-day operations, amid continuing investor concerns over Apple's plans for eventual transition in the corner office.
The stock market is closed today for a federal holiday. Apple is scheduled to report its first-quarter fiscal 2011 earnings tomorrow after 1 p.m. PT.
Jobs, a pancreatic cancer survivor, took a leave in the first half of 2009 to … Read more