No Picture
Business News

Fujifilm sues Xerox over aborted merger

(Reuters) – Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure to activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion merger.

…read more […]

No Picture
Trading Ideas

U.S. top court mulls Apple’s App Store commissions in antitrust case

The U.S. Supreme Court on Monday agreed to take up Apple Inc’s bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should. The justices said they would hear Apple’s appeal of a lower court’s ruling that revived the proposed class-action lawsuit by iPhone buyers over commissions that the Cupertino, California-based technology company receives through its App Store. President Donald Trump’s administration backed Apple and urged the justices to take the case. …read more […]

No Picture
Trading Ideas

Strong quake near Osaka, Japan, kills 4, knocks over walls

Residents in western Japan were cleaning up debris Monday evening after a powerful earthquake hit the area around Osaka, the country’s second-largest city, killing four people and injuring hundreds while knocking over walls and setting off fires. The quake also grounded flights in and out of Osaka and paralyzed traffic and commuter trains most of the day. By evening, bullet trains and some local trains had resumed operation, and stations were swollen with commuters trying to get home, many of them waiting in long lines. …read more […]

No Picture
Trading Ideas

CRYPTO: William Shatner is getting into solar farm-powered bitcoin mining

Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action.

Here’s the performance of certain crypto-related stocks as of 10:15 am ET:

ADSK Autodesk, Inc 0.94%
ADBE Adobe Systems 0.83%
SQ Square Inc 0.51%
PYPL PayPal Hldgs Inc 0.16%
ATVI Activision Blizzard Inc -0.28%
AKAM Akamai Technologies -0.46%
MU Micron Tech -0.52%
EBAY eBay Inc -0.80%
NVDA Nvidia Corp -0.95%
GBTC(HB) Bitcoin Invt Tr -1.14%
MCHP Microchip Tech -1.24%
ADI Analog Devices -1.50%
MXIM Maxim Integrated Prod -1.85%
XLNX Xilinx Inc -1.89%
AMAT Applied Materials -1.93%
NXPI NXP Semiconductors N.V. -1.93%
AVGO(HB) Broadcom Inc -2.00%
SWKS Skyworks Solutions -2.05%
TXN Texas Instruments -2.20%
KLAC KLA-Tencor Corp -2.42%
INTC Intel Corp -4.58% …read more […]

No Picture
Business News

Wall Street tumbles as U.S.-China trade spat escalates

(Reuters) – The Dow Jones Industrial Average fell more than 200 points on Monday and the other major indexes were lower, as China’s retaliatory action against tariffs imposed by the United States reignited fears of a possible trade war between the world’s two biggest economies.

…read more […]