Month: June 2018

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Trading Ideas

It would be incredibly difficult for California to split into three states. If it did, here's how it would work

June 18, 2018 admin Comments Off on It would be incredibly difficult for California to split into three states. If it did, here's how it would work

Northern California, California, and Southern California — has qualified to appear on the ballot in November’s general election. The Cal 3 ballot measure received more than 400,000 valid signatures, thanks to financial backing from Silicon Valley investor Tim Draper. It’s still unclear if cutting up California into three states is legal and if Cal 3 could muster enough support from California voters and US Congress. …read more […]

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Business News

Fujifilm sues Xerox over aborted merger

June 18, 2018 admin Comments Off on 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.

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Trading Ideas

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

June 18, 2018 admin Comments Off on 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 […]