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Stock Market & Financial Investment News

News Breaks
April 8, 2014
15:02 EDTROVI, AMZNRovi issues statement in response to court ruling in Amazon case
The U.S. Court of Appeals issued its decision in Rovi’s (ROVI) patent infringement litigation against Amazon (AMZN). Rovi had sued Amazon for infringing the two patents at issue in the decision. The appeals court sided with Amazon and found that the District Court’s interpretation of the claims of the patents was correct and therefore Amazon did not infringe these patents. "We are disappointed by this decision," said Rovi executive VP Samir Armaly, worldwide intellectual property and licensing. "It should be noted that this decision relates to only two patents in our extensive portfolio. We believe that our portfolio is even more relevant to Amazon today and going-forward than when the present litigation began in early 2011. Since that time, Amazon has continued to expand its video and over-the-top offerings through new products like the recently announced Fire TV. As illustrated by various recent agreements, Rovi’s patent portfolio continues to be recognized by leading companies looking to deliver compelling video experiences across multiple screens. We plan to continue to pursue Amazon going-forward to take the necessary licenses under our patent portfolio, not only to protect our rights but also the rights of our existing licensees in this space."
News For ROVI;AMZN From The Last 14 Days
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July 11, 2014
09:37 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL WFC C SUNE FB AMZN TSLA TWTR
06:23 EDTAMZNChannelAdvisor reports Amazon June SSS up 34.4%, eBay up 12.3%
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06:10 EDTAMZNJPMorgan expects solid Q2 results in Internet space
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July 10, 2014
18:18 EDTAMZNAmazon urges FAA to allow increased drone development, Cnet reports
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18:08 EDTAMZNAmazon.com offer to Hachette dismissed by Authors Guild, WSJ says
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16:00 EDTAMZNOptions Update; July 10, 2014
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12:35 EDTAMZNFTC alleges Amazon billed parents for children's unauthorized in-app charges
Amazon has billed parents and other account holders for millions of dollars in unauthorized in-app charges incurred by children, according to a Federal Trade Commission complaint filed today in federal court. The FTC’s lawsuit seeks a court order requiring refunds to consumers for the unauthorized charges and permanently banning the company from billing parents and other account holders for in-app charges without their consent. According to the complaint, Amazon keeps 30% of all in-app charges. In its complaint, the FTC alleges that Amazon violated the FTC Act by billing parents and other Amazon account holders for charges incurred by their children without the permission of the parent or other account holder. Amazon’s setup allowed children playing these kids’ games to spend unlimited amounts of money to pay for virtual items within the apps such as “coins,” “stars,” and “acorns” without parental involvement.
11:44 EDTAMZNAmazon ends all book discounts in France, WSJ reports
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11:10 EDTAMZNAmazon Web Services announces file sharing tool Zocalo
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09:36 EDTAMZNActive equity options trading on open
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07:32 EDTAMZNNews Corp. owned HarperCollins looks to bypass Amazon with new site, FT says
News Corp.'s (NWSA) book publishing unit, HarperCollins, relaunched its U.S. website and is now selling books directly to readers, putting it in competition with one of its largest retailers, Amazon.com (AMZN), reported Financial Times. Reference Link
06:36 EDTAMZNAmazon e-book plan leaves authors in dilemma, Bloomberg says
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06:09 EDTAMZNAmazon Web Services partners with Cloudian
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July 9, 2014
16:01 EDTAMZNOptions Update; July 9, 2014
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13:44 EDTAMZNNetflix wins video on demand rights to 'Zoo' series, Variety reports
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11:00 EDTAMZNWells says VMware growth could slow, downgrades shares
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09:35 EDTAMZNActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA FB AMZN TSLA TWTR MU NFLX GG CELG
08:31 EDTROVIRovi renews, expands patent license agreement with Samsung
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08:31 EDTAMZNVMware CEO sees EMC helping it remain independent, WSJ reports
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06:24 EDTAMZNGoogle Cloud Storage offering 2 TB of free storage through partner, WSJ reports
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