Apple CEO Steve Jobs does not have recurrent cancer or any other life-threatening health problem according to The New York Times. The news made Apple Inc. shares to climb 2.6 percent in Nasdaq trading. The news came four years after Jobs underwent an operation to treat pancreatic cancer.

Jobs has been dealing with nutritional problems since he underwent cancer surgery. The health issue can lead to weight loss in some cases. Jobs had another surgery this year to fix the problem that caused the weight loss, The NY Times reported citing a source close to the 53-year-old Chief Executive Officer.

Jobs's health became an issue for the American multinational corporation especially after Jobs appeared at an event in San Francisco to introduce the newest iPhone. The exec was obviously thinner.

If the co-founder, Chairman, and CEO of Apple Inc were to leave the company the stock would fall 25 percent, said Gene Munster of Piper Jaffray & Co. in Minneapolis, Bloomberg reported. Such a move would wipe away almost $37 billion from Apple's market value.

Apple said on more than one occasion that Jobs’ health is a private matter. The company’s secrecy caused a lot of concern amid investors and analysts. Apple, the producer of the iPod media player and Macintosh computer, is of paramount importance to the company especially for his design and marketing sense.

“Steve loves Apple. He serves as CEO at the pleasure of the board. He has no plans to leave Apple. Steve's health is a private matter,'' said Chief Financial Officer Peter Oppenheimer when asked about Jobs's health on a call by analysts on July 21.