NEW YORK (AP) -- Apple (NASDAQ: AAPL ) broke antitrust laws and conspired with publishers to raise electronic book prices, a federal judge ruled Wednesday, citing "compelling evidence" from the words of the late Steve Jobs.
U.S. District Judge Denise Cote said Apple knew that no publisher could risk acting alone to try to eliminate Amazon.com's $9.99 price for the most popular e-books so it "created a mechanism and environment that enabled them to act together in a matter of weeks to eliminate all retail price competition for their e-books."
The Manhattan jurist, who did not determine damages, added: "The evidence is overwhelming that Apple knew of the unlawful aims of the conspiracy and joined the conspiracy with the specific intent to help it succeed."
Apple spokesman Tom Neumayr said the Cupertino, Calif.-based company planned to appeal. "Apple did not conspire to fix e-book pricing and we will continue to fight against these false accusations," he said. "We've done nothing wrong."
Top Forestry Companies To Own For 2015: Coinstar Inc.(CSTR)
Coinstar, Inc., through its subsidiaries, provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom. The company owns and operates self-service Redbox kiosks that enable consumers to rent or purchase movies and video games; and self-service coin-counting kiosks where consumers can convert their coin to cash, a gift card, or an E-certificate. It also engages in identifying, evaluating, building, and developing new self-service concepts in the automated retail space, which includes coffee, refurbished electronics, and photo self-service concepts. As of December 31, 2011, the company had 35,400 Redbox kiosks in 29,300 locations and 20,200 coin-counting kiosks in 19,900 locations primarily in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. Coinstar, Inc. was founded in 1991 and is headquartered in Bellevue, Washington.
Advisors' Opinion:- [By Canadian Value]
Position % of Fund Assets 1) First American Financial Corp. (FAF) 7.0% 2) Apple, Inc. (AAPL) 6.5% 3) Coinstar, Inc. (CSTR) 4.8% 4) EMC Corp. (EMC) 4.4% 5) Coach, Inc. (COH) 4.4% 6) Kohl's Corp. (KSS) 4.1% 7) Blucora, Inc. (BCOR) 4.0% 8) Tetra Tech, Inc. (TTEK) 3.1% 9) OM Group, Inc. (OMG) 3.0% 10) American International Group, Inc. (AIG) 2.8% TOTAL 44.1% One area that we believe still offers some value in the market is in high quality, large��ap technology stocks that may be momentarily out��f��avor as they transition from rapid growth to slower growth. In particular, we become interested when that transition is also accompanied by a change in capital allocation policies designed to return more cash to shareholders in the form of dividends and share repurchases. We believe that Apple and EMC are two of the absolute highest quality technology businesses in the world and both have recently announced very material, shareholder��friendly changes to how they will allocate capital.
Top Forestry Companies To Own For 2015: Essar Energy Plc (ESSR)
Essar Energy plc is a holding company. The Company is an energy company with assets across the power and oil and gas industries. The Company operates in the areas petroleum refining and marketing, exploration and production and power transmission and generation. The Refining and Marketing business in India comprises of the Vadinar refinery located on the west coast of India and a retail franchise network of around 1,400 fuel stations across India and the Refining, and Marketing business in the United Kingdom comprises of the Stanlow refinery located near Liverpool, north west England and on the south bank of Manchester ship canal. The Company�� exploration and production segment includes a portfolio of 15 blocks and fields in the various stages of exploration and production of oil and gas in India, Indonesia, Nigeria and Vietnam. In Power segment, the Company operates coal fired, captive fuel and gas based power plants in India and Canada together with a number of mining assets. Advisors' Opinion:- [By Sarah Jones]
Essar Energy Plc (ESSR) climbed 2.5 percent to 122 pence after reporting that revenue rose 24 percent to $27.3 billion in the 12 months through March. The company cited higher margins and volumes at its Vadinar refinery in India and its Stanlow refinery in the U.K.
Top Cheap Stocks For 2015: Wipro Limited(WIT)
Wipro Limited provides information technology (IT) products and services, consumer care and lighting products, and infrastructure engineering services primarily in India, the United States, and Europe. The company?s IT Services segment offers IT and IT enabled services, including software application development, application maintenance, research, and development services for hardware and software design, data center outsourcing services, and business process outsourcing services. Its IT Products segment produces and sells a range of Wipro personal desktop computers, Wipro servers, and Wipro notebooks. This segment also operates as a reseller of desktops, servers, notebooks, storage products, networking solutions, and packaged software for various international brands. The company?s Consumer Care and Lighting segment manufactures, distributes, and sells personal care products, baby care products, lighting products, and hydrogenated cooking oils in India and rest of Asia. Wipro Limited also manufactures and sells hydraulic cylinders, truck cylinders, and their components and solutions to original equipment manufacturers, as well as provides water treatment systems and solutions. The company was founded in 1945 and is headquartered in Bangalore, India.
Advisors' Opinion:- [By Brian Stoffel]
That helps explain why Accenture and IBM,�the industry's two biggest players, have been able to gobble up so much market share. But there's a second tier of technology-consultants -- in terms of sheer size -- as well. That's where Cognizant, as well as its main competition --�Infosys (NYSE: INFY ) and Wipro (NYSE: WIT ) �-- come in to play.
Top Forestry Companies To Own For 2015: QSC AG (QSC)
QSC AG is a Germany-based telecommunications provider that offers enterprise customers and resellers a range of broadband communication services, from site networking to voice and data services. The Company operates in three business segments: Direct Sales; Indirect Sales, and Resellers. The Direct Sales segment (former Managed Services) focuses on larger and mid-size enterprises, and includes the business of subsidiaries INFO AG and IP Partner. The Indirect Sales segment focuses on regional partners that offer a portfolio of Information and Communication Technology (ICT) products, solutions and services, including Internet Service Providers (ISP), as well as voice and data services. The Resellers segment focuses on ISPs and telecommunication carriers that do not have an infrastructure of their own and primarily address residential customers. The Resellers segment also includes conventional voice business. In August 2013, it merged with INFO AG. Advisors' Opinion:- [By Jonathan Morgan]
QSC AG (QSC), a provider of telephony and data services to small and medium-sized businesses, jumped 9.5 percent after posting an increase in quarterly net income. Deutsche Boerse AG (DB1) retreated 2.7 percent after Equinet Bank AG downgraded the shares to sell.
Top Forestry Companies To Own For 2015: Home Properties Inc. (HME)
Home Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, management, acquisition, rehabilitation and development of residential apartment communities. The firm also invests in townhomes and offices. Home Properties, Inc. was founded in November 1993 and is based in Rochester, New York.
Advisors' Opinion:- [By Marc Bastow]
Apartment community real estate investment trust (REIT) Home Properties (HME) raised its quarterly dividend 4.3% to 73 cents per share, payable on Feb. 25 to shareholders of record as of February 13. At a 5% yield, HME is the highest yielder of this week’s list of dividend stocks increasing payouts.
HME Dividend Yield: 5.00%
No comments:
Post a Comment