Apple hit with $25K per day fine in Qualcomm antitrust case

Apple hit with $25K per day fine in Qualcomm antitrust case

U.S. Magistrate Judge Nathanael Cousins found Apple had breached an October 18 court order setting December 15 as the deadline to produce 1.3 million documents as part of the discovery process in the Qualcomm/FTC case.

Apple (NASDAQ:AAPL) was ordered to pay $25K each day it fails to produce evidence related to an FTC case against Qualcomm (NASDAQ:QCOM). "We plan to appeal this ruling".

Qualcomm declined to comment.

India, China Hold Talks on Long-Pending Border Dispute
Doval and Yang Jiechi, who is also the State Councillor in China, held talks on the boundary issue earlier in the day. The 2 countries are rivals in geopolitical affairs, but China is one of India's main trading partners.

Apple, which isn't a party in the FTC suit, said in a filing this month that it had produced more than 2.6 million documents by the December 15 deadline and any dispute Qualcomm wanted to raise was premature.

The FTC contends Qualcomm leverages its market dominance in cellular modem chips to force smartphone makers to pay exorbitant royalties for its portfolio of mobile patents in violation of competition laws.

Apple has been sanctioned in its battle against Qualcomm for reportedly withholding relevant documentation. Apple sued Qualcomm in a different lawsuit shortly after the FTC lodged its complaint. Qualcomm has denied those allegations and is countersuing Apple, raising the rancor between the two companies. Even if Apple is fined the maximum amount of $350,000 through December 29 under the court ruling, it will barely faze a company that has about $270 billion in cash.


  • Recent Analysts Ratings JC Penney Company, Inc. (JCP)

    Penney Company, Inc .'s Average Earnings Estimate for the current quarter is $0.61, according to consensus of 21 analysts. Penney Company, Inc .is BELOW its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days.
    OPP Cruiser Struck On Hwy. 401

    OPP Cruiser Struck On Hwy. 401

    Two vehicles were involved in the early afternoon collision and injuries have been reported, police said. Peering inside the vehicle, officers saw the driver holding up his cellphone and texting.
    Spanish PM Failed as Pro-Unity Bloc Lost Election in Catalonia - Puigdemont

    Spanish PM Failed as Pro-Unity Bloc Lost Election in Catalonia - Puigdemont

    What has been the reaction? The European Commission stressed its stance remained the same regardless of the result of the vote. Rajoy's conservative Popular Party came last with just three seats in what was a major blow to the country's governing party.
  • Another 9 charged with drink and drug driving in Dorset

    Another 9 charged with drink and drug driving in Dorset

    Drivers can expect to be tested during routine stop checks and if they are stopped for an offence. It is hoped that the move "will make people think twice before getting behind the wheel".

    How Analysts Rated Intrepid Potash, Inc. (NYSE:IPI) Last Week?

    However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Jornayvaz III acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, December 19th.
    Destiny 2: How To Farm Bright Dust | Eververse Guide

    Destiny 2: How To Farm Bright Dust | Eververse Guide

    A glitch in " Destiny 2 " allows the Voidwalker Warlock to launch its super attack as many times as the player wants. The wintery event known as The Dawning has finally descended on The Tower social space in Destiny 2 .
  • Apple hit with first lawsuits over iPhone performance throttling

    There's no charge if you paid up front for AppleCare Plus coverage and have a battery Apple thinks warrants replacing. Apple says that if it did not reduce performance there would be a greater risk of internal components being damaged.

    Cypress Capital Group Buys Shares of 4521 JM Smucker Co (NYSE:SJM)

    Pinnacle Holdings Llc decreased Mutualfirst Financial (NASDAQ:MFSF) stake by 200 shares to 31,626 valued at $1.22B in 2017Q3. Following the sale, the insider now directly owns 47,667 shares of the company's stock, valued at approximately $5,815,374.

    Analysts are on the Bearish side about Asbury Automotive Group, Inc

    Louisiana State Employees Retirement accumulated 7,500 shares. ( NASDAQ:QCOM ), 15 have Buy rating, 1 Sell and 20 Hold. Victory Capital Management Inc. grew its stake in shares of Asbury Automotive Group by 17.7% in the 2nd quarter.
  • Top Image Systems Ltd. NASDAQ:TISA Sees High Volatility in Session

    KONA indicated a yearly declining return of -85.47% while year-to-date (YTD) return printed -85.06% discounted outlook. The stock was trading at a distance of -30.29% from its 52-week highs and stands 27.08% away from its 52-week lows.
    Sounds like Ben Affleck still wants to direct a film

    Sounds like Ben Affleck still wants to direct a film

    He states that his future as the Caped Crusader in the DCEU can go anywhere at this point, which is as vague as it gets. Superman and Justice League , all of which may have to do with Ben Affleck being on the fence about playing Batman .

    Analysts Rating Review: Genworth Financial Inc (GNW)

    The average Wall Street analyst rating for Genworth Financial, Hold, according to the average of 2 analyst scores. In terms of Buy, Sell or Hold recommendations, Genworth Financial Inc (NYSE:GNW) has analysts' mean recommendation of 3.


Latest news

Kings guard out at least 2 weeks with torn quad muscle
He attempted to play two nights later in Philadelphia, but was pulled just 11 minutes into the game. One injuring another and forcing him to miss games.

Liverpool to Rival Borussia Dortmund for Basel Defender Manuel Akanji
If Liverpool were to revive a bid for Van Dijk, there is a feeling that they would need encouragement from Southampton first. Liverpool are said to be keeping close tabs on Basel defender Manuel Akanji , reports from the Independent claim .

Royal Bank of Canada Boosts National Bank of Canada (TSE:NA) Price Target to C$70.00
Ally invested in 69,051 shares or 0.84% of the stock. 1,979 are owned by Mercer Cap Advisers Inc. (NYSE:MRK) for 17,414 shares. The active investment managers in our partner's database now own: 4.50 million shares, up from 4.48 million shares in 2017Q2.

Man With The World's Largest Penis Registers As Disabled
He is also unable to sleep chest down and has to put his penis on its own pillow to escape discomfort during the night. He added: 'I am happy with my penis and I wish to go back to the U.S. and spend the rest of my life over there.

Coli outbreak from lettuce shows problems with produce traceability
The Public Health Agency of Canada says the cases of E. coli 0157 seemed to be associated with the consumption of romaine lettuce. The health unit says the E. coli illnesses are linked to romaine lettuce and have affected 40 people across the country.

Philippines tropical storm toll climbs to 30
At 5:00 PM today, 22 December 2017, "VINTA" has weakened into a Tropical Depression and is now over Zamboanga Del Sur area. There are no more areas in Mindanao under tropical cyclone warning signals.

Ben Stokes leaving Canterbury Cricket, heading back to United Kingdom for family reasons
In a statement put out through the New Zealand club, Stokes said he had "thoroughly enjoyed training and playing with Canterbury". But he found form in the Twenty20s, scoring 133 runs at 44.33 - including a 93 - and grabbing two wickets in three games.

Doctors to remove 10-pound tumor from Cuban teen's face
After next month's surgery, the teen will need at least two more surgeries to reconstruct his jaw and replace his teeth. It's not going to travel to other parts of his body", said Marx, "but it's life-threatening by its very weight.

180 people struck by norovirus outbreak at Northumberland hospital
The symptoms normally last for 24-48 hours after which the person will feel lethargic and "washed out". Affected wards will be closed, but the trust explained it is reviewing the wards on a daily basis.

Tencor (KLAC) Raised to "Overweight" at KeyCorp
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. It has outperformed by 33.24% the S&P500. $96,073 worth of stock was sold by Bell Bobby R on Wednesday, September 6.

Van Gerwen cruises past Wilson at Ally Pally
In the night's first match, Mensur Suljovic saw off Robert Thornton 4-2. What more can I ask of myself? The form is good, the feeling is good.

S&Co INC Holds Position in Pioneer Natural Resources Co (PXD)
It turned negative, as 78 investors sold PXD shares while 197 reduced holdings. 73 funds opened positions while 209 raised stakes. Spears Abacus Advsr Ltd Liability Corporation holds 0.05% in Pioneer Natural Resources Company (NYSE:PXD) or 2,561 shares.

Revenue Growth Analysis of Electronic Arts Inc. (NASDAQ:EA)
Rutabaga Capital Management Llc, which manages about $1.07B and $468.96M US Long portfolio, upped its stake in Mistras Group Inc. Jorgensen Sells 10,000 Shares" was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online.

Al-Azhar praises United Nations resolution over Jerusalem
Trump had threatened to cut off financial aid to countries that voted in favor. Twenty-one countries did not cast a vote.

What's Propelling NMI Holdings, Inc. (NMIH) to Reach Record High?
It has outperformed by 21.58% the S&P500. (NMIS), provides outsourced loan review services to mortgage loan originators. At the close of regular trading, its last week's stock price volatility was 33.4% which for the month reaches 38.16%.

Other news