Apple REJECTED and 4 Stocks Making Key Headlines Now
Apple (NASDAQ:AAPL) was unsuccessful in its bid to obtain an emergency customs ban on Android (NASDAQ:GOOG) devices produced by HTC, but The U.S International Trade Commission is examining whether HTC is infringing Apple’s “data detectors” patent in its redesigned handsets.
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Tech services firm M*Modal (MODL) sells out to One Equity Partners, JPMorgan’s (NYSE:JPM) private investment arm, for about $1.1 billion in a deal valuing its shares at $14 each, a premium of 8.3 percent on M*Modal’s closing price Monday.
Navistar (NYSE:NAV) is seeking to end its conflict with federal regulators by terminating its use of pollution-reduction technology for truck engines, an exhaust-gas recirculation process (EGR), and use the selective catalytic reduction technology used by competitors. The dispute affected truck sales and caused shares to fall 28 percent this year.
Universal Music (VIVHY.PK) has until today to respond to EU regulators’ concerns on competition in the region after the company’s $1.9 billion acquisition of EMI’s (NYSE:C) recorded music arm; according to a Reuters report, the acquisition could be blocked unless Universal makes major concessions.
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