Shareholders of patent feuders Apple (NASDAQ:AAPL) and Samsung may enjoy the ongoing off-court wars between lawyers of the two companies; in a no-holds barred contest, the two sides routinely accuse each other of tampering with evidence, underhand PR tactics and below-the-belt legal ambushes.
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According to J.C. Penney (NYSE:JCP) CEO Ron Johnson, the company will continue with its “learn and adjust” business model and has no contingency plan in place. Other takeaways from the CC: significant SG&A expense savings , though revenues have declined, and a lot of free kids haircuts.
Wall Street firm Goldman Sachs (NYSE:GS) or its employees will not face criminal charges for financial fraud from the Justice Department in a probe of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis: “The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time.”
Following in Google’s (NASDAQ:GOOG) footsteps to provide all amenities on campus to enable operations round the clock, Facebook (NASDAQ:FB) has introduced retail outlets on its sprawling premises outside Menlo Park.