4 Tech Stock Stories Making a Midweek Buzz
T-Mobile US Inc. (NYSE:TMUS): Closing price $24.42
T-Mobile on Wednesday debuted a new program that will permit customers to upgrade their phones twice a year if they like. The program is called Jump and allows participants who pay a monthly fee of $10 to trade in their existing phone for a new device at the same or lower price offered to new customers, without needing to pay the remaining payments due on the old one. Subsequent to a six-month initial waiting period, customers may upgrade their phone twice a year so long as they remain in the program.
Apple Inc. (NASDAQ:AAPL): Closing price $420.73
U.S. District Court Judge Denise Cote ruled Wednesday that book publishers did indeed need the help of Apple in raising the price of e-books. Cote said that Apple obtained deals with publishers in spring 2010 to help support the introduction of the first iPad tablet: It “played a central role” in assisting publishers conspire to hike the prices of e-books. The decision originated with a lawsuit by the Department of Justice against Apple and five top book publishers. The publishers settled with the government, but Apple proceeded to trial over the matter.
Sohu.com Inc. (NASDAQ:SOHU): Closing price $65.16
Shares of Sohu spiked on Wednesday in New York on chatter that it found a buyer for its search engine. Solar makers gained following a report in Handelsblatt that China will not impose duties on polysilicon, a raw material for making panels that is imported from Europe. On Tuesday, the Bloomberg China-U.S. Equity Index of the most-traded Chinese stocks in the United States fell by 0.1 percent to 84.35.
Google Inc. (NASDAQ:GOOG): Closing price $905.99
Almost a month since its purchase of the mobile map service provider Waze, Google said Wednesday that updated its map application for both smartphones and tablets, according to Tim Brugger at The Motley Fool. This new, upgraded Google Maps is compatible with smartphones and tablets running Android OS and should soon be available for iPhones and iPads. Google’s blog says that the new Maps app has several enhanced features: enhanced navigation, one-touch browsing, and Zagat reviews of local businesses.
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