AG Gansler Secures Relief for E-book Consumers from Apple Agreement resolves retailera s participation in E-book price-fixing scheme $9.36 million in damages due Maryland consumers contingent upon pending decision by federal appeals court
M2 - Thu Jul 17, 1:02AM CDT
Attorney General Douglas F. Gansler today announced that he has secured a proposed settlement to provide consumer relief from Apple Inc. related to the company's participation in a price-fixing conspiracy in the E-book marketplace. The settlement agreement, which remains subject to approval by the U.S. District Court for the Southern District of New York, would resolve claims for consumer damages and civil penalties brought by Maryland and 32 other states and territories. Maryland consumers account for over two percent of E-book purchases nationwide and could receive up to $9.36 million depending on the outcome of a pending federal appeals court ruling.
Intel Corporation's 2014 Smartphone Plans: A Postmortem
Ashraf Eassa, The Motley Fool - Motley Fool - Wed Jul 16, 10:55PM CDT
As a shareholder in Intel , I had a lot to be excited about. In fact, I even called it a " veritable blowout " in my analysis of the results. However, the company's mobile and communications group continues to be a drag on...
Did Apple, Inc. Just Ditch This Brand-New Supplier?
Ashraf Eassa, The Motley Fool - Motley Fool - Wed Jul 16, 8:44PM CDT
Over the past year, it seems that shares of Taiwan Semiconductor have been en fuego as investors have anticipated that the company would win Apple 's chip manufacturing business for the iPhone 6. Well, it seems that Apple will indeed be...
Watch These Semiconductor Stocks As Samsung Sales Wane
at The Street - Wed Jul 16, 8:12PM CDT
By Chris Lau for Kapitall. When Samsung (OTC: SSNLF) forecast second quarter earnings last Tuesday, the firm revealed competitive pressures [...]
Why Amazon's Fire Phone is Destined to be a Flop
Nihar Sheth, The Motley Fool - Motley Fool - Wed Jul 16, 7:00PM CDT
A few weeks ago, Amazon announced its new Fire Phone. The Fire Phone will run on a modified version of Google's Android OS known as Fire OS. The Fire Phone is likely to be a commercial flop because it is entering a market with too many...
TSMC beats, but analysts wary
at Investor's Business Daily - Wed Jul 16, 5:51PM CDT
Taiwan Semiconductor Manufacturing (TSM) reported a 15% rise in Q2 EPS to 38 cents, beating estimates by a penny on a 16% hike in revenue to $6.09 bil, also topping. The world's largest contract semiconductor maker guided Q3 revenue of $6.87...
Apple ends digital book suits
at Investor's Business Daily - Wed Jul 16, 5:51PM CDT
The tech giant agreed to pay up to $400 mil to settle antitrust lawsuits alleging it orchestrated a price-fixing scheme to jack up the cost of digital books. The settlement hinges on whether it successfully appeals a N.Y. federal judge's ruling that...
BlackBerry's
at Investor's Business Daily - Wed Jul 16, 5:51PM CDT
BlackBerry's (BBRY) stock tumbled 11% Wed. after tech titans IBM (IBM) and Apple (AAPL) announced an alliance to create new apps for business professionals, BlackBerry's claimed area of expertise. BlackBerry downplayed the threat. IBM shares rose...
Samsung may combat iWatch
at Investor's Business Daily - Wed Jul 16, 5:51PM CDT
Under Armour (UA) is talking with Samsung Electronics to develop a line of wearable fitness devices, S. Korea's Yonhap News Agency reported. The companies reportedly discussed ways to counter the impact of Nike (NKE) and Apple (AAPL), which is...
Why BlackBerry, MGIC Investment, and Herbalife Tumbled Today
Dan Caplinger, The Motley Fool - Motley Fool - Wed Jul 16, 5:19PM CDT
Enthusiasm about the continued success of the U.S. economy helped push the stock market higher today, with high-profile earnings reports sending the Dow to a new all-time record high. Yet, despite positive signs that merger and acquisition activity...
Samsung Outruns Taiwan Semiconductor in 2015
Ashraf Eassa, The Motley Fool - Motley Fool - Wed Jul 16, 5:00PM CDT
Shares of Taiwan Semiconductor plunged today following the company's earnings call. Interestingly enough, this isn't due to any financial weakness -- the company beat for the most recent quarter, and guided higher than expectations for...
Apple, Inc.'s Deal With IBM Is a Game Changer
Evan Niu, CFA, The Motley Fool - Motley Fool - Wed Jul 16, 5:00PM CDT
Oh, how things can change over the course of three decades. After co-founding Apple , Steve Jobs made no attempts to hide his disdain for IBM Since then, Apple came back from the dead to become the most powerful -- and most valuable --...
Sohu's ChangYou Invests in MoboTap to Boost Mobile Growth - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 16, 4:50PM CDT
Sohu.com's (SOHU) gaming subsidiary Changyou.com (CYOU) recently agreed to buy 51.0% of the equity interests in mobile technology developer MoboTap for $91.0 million.
US stocks close higher; Time Warner soars
By ALEX VEIGA - AP - Wed Jul 16, 4:02PM CDT
Major stock indexes rebounded Wednesday, finishing higher for the third time in four days and lifting the Dow Jones industrial average to its second record close this month.
BlackBerry to Cease Operations at Germany's Scoreloop Unit - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 16, 3:35PM CDT
Beleaguered Canadian smartphone manufacturer, BlackBerry Limited (BBRY), is reportedly shutting down Scoreloop AG ??? a German unit.
Should the Dow Jones Get Rid of International Business Machines Corp?
Alex Planes, The Motley Fool - Motley Fool - Wed Jul 16, 3:32PM CDT
International Business Machines might be the most iconic company in the entire multitrillion-dollar tech industry. For decades, its name was synonymous with technology, to the point where "IBM" was all but shorthand for computing hardware. Its...
Market Losses Its Swagger In Afternoon Trade
at Investor's Business Daily - Wed Jul 16, 3:26PM CDT
Wednesday's stock market opened with a swagger, but closed with a stagger as it gave up a good chunk of a morning bounce. The Nasdaq rose 0.2%; the S&P 500 and the Dow Jones industrial average gained 0.4%. Volume was higher on the Nasdaq and lower on...
Stock Market Today: New Record for Dow, Beige Book Shows Across-the-Board Growth
at The Street - Wed Jul 16, 3:19PM CDT
The release of the Federal Reserve's Beige Book midafternoon nudged the Dow Jones Industrial Average into record high territory again on Wednesday.
Apple may refund $400M in digital book settlement
By MICHAEL LIEDTKE - AP - Wed Jul 16, 3:10PM CDT
SAN FRANCISCO (AP) — Apple will refund up to $400 million to consumers ensnared in a plot to raise the prices of digital books unless the company gets a court to overturn a decision affirming its pivotal role in the collusion.