January 2020 – Page 12

Apple’s Success Reversing Patent Cases May Dim CalTech’s Win

January 30, 2020 admin Comments Off

(Bloomberg) — If any company knows how to get rid of a billion-dollar patent-infringement verdict, it’s Apple Inc.Apple pledged to appeal Wednesday’s $1.1 billion verdict won by California Institute of Technology, in which it was told to pay $838 million and its chip supplier Broadcom Inc. was hit with $270 million in royalties by a federal jury in Los Angeles. Apple is counting on its past history challenging such verdicts to mean good odds for the future.In the past decade, the iPhone maker has evaded a $533 million verdict over controlling digital content, a $506 million judgment over microprocessor technology …read more […]

Levi’s shuts half its China stores on coronavirus outbreak, expects financial hit

January 30, 2020 admin Comments Off

Levi Strauss & Co has shut about half of its stores in China due to the outbreak of a new coronavirus and will take a near-term financial hit as a result of the epidemic, Chief Financial Officer Harmit Singh said on Thursday.

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What the “Super Bowl Indicator” Means for Your Retirement

January 30, 2020 admin Comments Off

There are many times I wish I could have seen the future.
For instance, I would’ve liked to have known how my Tennessee Titans’ season would end…
(I’ve been a Titans season ticket holder since day one of the franchise in Nashville. Many of you who are sports fans know they lost recently to the Kansas City Chiefs in the AFC championship.)
If the Titans had gone to the Super Bowl and I’d won the season ticket holder lottery, I could’ve bought two tickets to the Super Bowl at $900 face value apiece. I already had a friend lined up to go… but …read more […]

Visa quarterly profit rises 10% on strong holiday season spending

January 30, 2020 admin Comments Off

Visa Inc reported a nearly 10% rise in quarterly profit on Thursday, as higher consumer spending during the holiday season boosted fees for the world’s largest payment processor.

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U.S. farm bankruptcies hit an eight-year high: court data

January 30, 2020 admin Comments Off

U.S. farm bankruptcy rates jumped 20% in 2019 – to an eight-year high – as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data.

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Amazon beats holiday-quarter sales estimates, shares up 10%

January 30, 2020 admin Comments Off

Amazon.com Inc on Thursday beat analysts’ estimates for fourth-quarter revenue, as its efforts to speed up delivery helped attract more shoppers during the holiday season, sending its shares up 10%.

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Aerojet Rocketdyne – a Speculative Small Cap Play Worth Buying

January 30, 2020 admin Comments Off

Lately, I’ve been getting suggestions from Trade of the Day subscribers who are asking for more small cap stock picks.
Sure, seeing all of the options winners we’ve had in The War Room is great, but there’s also room for stock plays here in Trade of the Day.
On Tuesday, I explained why Flutter Entertainment will be a small cap winner in the $150 billion sports betting sector.
But today, I’m going to offer you another play to keep on your radar (or perhaps you can even accumulate some shares at current levels).
The company is called Aerojet Rocketdyne (NYSE: AJRD).
It’s a defense company …read more […]

Pompeo urges EU to exclude ‘high-risk suppliers’ from 5G networks

January 30, 2020 admin Comments Off

U.S. Secretary of State Mike Pompeo on Thursday urged the European Union to exclude “high-risk” suppliers from all parts of 5G networks.

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CIBC planning layoffs to cut costs

January 30, 2020 admin Comments Off

Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo obtained by Reuters showed.

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UBS Europe probed in Italy in asset manager fraud investigation: sources

January 30, 2020 admin Comments Off

Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset manager Sofia SGR, two sources with direct knowledge of the matter said.

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Oil falls to new three-month lows as virus fears grow, OPEC mulls meeting

January 30, 2020 admin Comments Off

Oil prices fell more than 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting.

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Global stocks, oil tumble on fears virus to hurt China’s economy

January 30, 2020 admin Comments Off

Global equity markets tumbled on Thursday as the death toll from China’s coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond as investors worried about the world’s second-largest economy.

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