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Stock Market & Financial Investment News

News Breaks
January 6, 2014
08:54 EDTVRNG, AOL, GOOG, TGT, GCIVringo announces award of supplemental damages against AOL, Google et al.
Vringo (VRNG) announced that on January 3, 2014, the U.S. District Court for the Eastern District of Virginia, Norfolk Division, issued a Memorandum Opinion and Order related to its wholly-owned subsidiary I/P Engine, Inc.'s request for Supplemental Damages, Prejudgment Interest and Post-Judgment Interest in its patent litigation against AOL, Google et al. The District Court also previously found that I/P Engine is entitled to post-judgment royalties, the amount of which remains pending. In the Order dated January 3, 2014, the District Court ordered that I/P Engine recover an additional sum of $17.32M from Defendants for supplemental damages and prejudgment interest. In awarding supplemental damages to I/P Engine, the District Court applied a 20.9% apportionment to Defendants' infringing revenues, and then a 3.5% royalty rate, for the fifty-one day period from October 1, 2012, the last day for which Defendants supplied revenue data prior to trial, to November 20, 2012, the date of final judgment. This resulted in supplemental damages totaling $16.78M, of which $15.83M is apportioned to Google (GOOG) and the balance among defendants AOL (AOL), IAC Search & Media, Target (TGT), and Gannett (GCI).
News For VRNG;AOL;GOOG;TGT;GCI From The Last 14 Days
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October 10, 2014
07:55 EDTGOOGJapan court orders Google to remove search results, AP reports
Japan has ordered Google to remove search results that hinted at a man's relations with a criminal organization because his privacy rights were violated, reports the Associated Press. Google spokesman Taj Meadows said the company has a standard process for removal requests and will review the Tokyo court injunction. Reference Link
06:52 EDTGOOGGoogle allowed to face Rockstar in California court, Reuters says
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06:26 EDTGOOGGoogle to release its largest smartphone, WSJ reports
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October 9, 2014
16:49 EDTGOOGOracle hires former director of engineering from Google, Re/code reports
Oracle (ORCL) hired Peter Magnusson, former director of engineering at Google (GOOG) and VP of engineering at Snapchat, two weeks ago in a move to improve its cloud computing business, Re/code reports, citing sources familiar with the move. Reference Link
14:37 EDTGOOGYahoo looking to make Tumblr another YouTube, Business Insider says
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09:41 EDTTGTBofA/Merrill retail analysts hold an analyst/industry conference call
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08:01 EDTTGTTarget CEO hands-on with Canadian turnaround, Globe and Mail says
Brian Cornell, the new CEO of Target, told The Globe and Mail in an interview that he is taking a hands-on approach to repairing the company’s Canadian business and that he will travel north on a “regular” basis to oversee the turnaround. Reference Link
06:29 EDTGOOGIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTGOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
09:48 EDTGOOGGoogle says new movies can be pre-ordered, watched on first day of availibility
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07:46 EDTGOOGcomScore well positioned for change, says Brean Capital
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October 7, 2014
13:45 EDTVRNG, GOOGVringo says several important events scheduled for Q4
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13:33 EDTGOOGGoogle executive says Google+ here to stay, Re/code reports
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09:24 EDTAOLFormer Yahoo CFO says AOL merger makes 'little sense,' CNBC reports
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09:18 EDTGOOGRackspace partnership with Google positive for sentiment, says Wells Fargo
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09:03 EDTGOOGRackspace to offer managed IT services support for full Google Apps for Work
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08:31 EDTAOLAOL names Dermot McCormack as president of AOL Video and AOL Studios
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08:03 EDTGOOGVonage announces appointment of Alan Masarek as CEO
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07:48 EDTGOOGU.S. Chamber of Commerce to hold a discussion
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06:07 EDTGOOGYouTube may still be interested in programming for kids, Re/code reports
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