Apple Plans Production Move and 3 Hot Stocks Making Waves
Acacia Research Corporation (NASDAQ:ACTG) increases its concentration of patents portfolios in the medical device and diagnostics sectors by acquiring the rights to certain patents in the orthopaedic technology sector.
According to a report in Digitimes, Apple (NASDAQ:AAPL) is planning to move the production of its Mac Mini line of computers back to the US, however, Foxconn Electronics would be responsible for implementation of the proposal. Reportedly, Foxconn intends to start recruiting workers in the US for new and automatic production lines.
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A report in TechInAsia says AlibabaGroup, China’s ecommerce giant, is likely to begin roadshows for an IPO by mid-2013 for a possible public listing by the end of 2013 or early 2014. Current reckoning puts Alibaba’s worth near $40 billion based on its recent buyback of a 20% stake from Yahoo (NASDAQ:YHOO).
Time Warner Cable (NYSE:TWC) chief Glenn Britt is acting tough with low-rated cable networks during the company’s negotiations with channels whose contracts end on January 1 and are up for renewal. Britt is demanding that the low-rated channels work on improving their ratings and give up their subscriber fees during such period. Rising costs of beaming popular channels such as sports programming is pushing the network to rationalise programming expenses by reducing or booting the less popular networks.
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