Consumer goods giant Reckitt has suffered a £7bn share price slump after it lost a US legal case claiming its baby formula contributed to the death of a premature child...
Continue ReadingApple has reached a $490 million settlement in a class-action lawsuit brought by investors who said the company concealed falling demand for the iPhone in China in 2018. The iPhone maker and the plaintiffs filed the proposed settlement Friday in U.S. District Court in Northern California. Apple denied any wrongdoing in the settlement agreement and said it settled to avoid a protracted and costly legal fight...
Continue ReadingThe stock is missing out on the AI rally but there are increasing signs the company is preparing to roll out the technology on its devices...
Continue ReadingAn English council has won a $490m (£384m) legal victory against Apple over claims the tech giant exaggerated demand for its iPhones...
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Continue ReadingApple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and requires approval by U.S. District Judge Yvonne Gonzalez Rogers. It stemmed from Apple's unexpected announcement on Jan. 2, 2019 that the iPhone maker would slash its quarterly revenue forecast by up to $9 billion, blaming U.S.-China trade tensions...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingLooking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue Reading(Reuters) -Apple agreed to pay $490 million to settle a class-action lawsuit that alleged Chief Executive Tim Cook defrauded shareholders by concealing falling demand for iPhones in China. A preliminary settlement was filed on Friday with the U.S. District Court in Oakland, California, and requires approval by U.S. District Judge Yvonne Gonzalez Rogers. It stemmed from Apple's unexpected announcement on Jan. 2, 2019 that the iPhone maker would slash its quarterly revenue forecast by up to $9 billion, blaming U.S.-China trade tensions...
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