No Picture
Trading Ideas

Microsoft Judge Sees ‘Fatal’ Flaw in Women’s Group Bias Case

Microsoft Corp. women engineers seeking to pursue gender-discrimination claims as a group were told by a judge there may be a “fatal” flaw in their case. A 2011 decision by the U.S. Supreme Court requires plaintiffs to point to a common corporate policy or action that affected the women adversely, U.S. District Judge James L. Robart said Monday at a hearing in Seattle about whether to let the case proceed as a class action. Applying that contention to the legal standard set by the Supreme Court is “fatal to your class,” Robart said. …read more […]

No Picture
Trading Ideas

Activist investors push Sempra Energy for strategic review, board shakeup

Two investors in U.S. utility Sempra Energy including activist hedge fund Elliott Management on Monday urged a board shakeup and strategic review of the company’s businesses, sending its shares surging more than 14 percent. Elliott Management Corp and Bluescape Resources Co disclosed a combined 4.9 percent stake in Sempra Energy and called the company highly undervalued, saying it could be worth an additional $11 billion to $16 billion or a share price of $139 to $158. Sempra’s shares were last up $14.50 at $116.00. …read more […]

No Picture
Trading Ideas

Apple redesigned one of its critical apps that had a 2-star rating on the App Store (AAPL)

The only new app Apple launched at its annual developers conference is called App Store Connect.It allows app makers to easily administer and update the apps they build for iPhones and iPads.The app it’s replacing, iTunes Connect, had a 2-star rating. This shows that Apple is listening to customer feedback and is also moving away from the iTunes brand. …read more […]