TiVo Settles With Google and 3 More Hot Stocks
TiVo (NASDAQ:TIVO): Shares of TiVo are tanking after the news broke that the company reached a settlement with Google (NASDAQ:GOOG), but at a figure much lower than expected. The patent dispute will leave the company walking away with $490 million, bringing the total from awards and settlements related to the use of TiVo’s digital-video-recorder technology, to roughly $1.6 billion.
Disney (NYSE:DIS): Soundbites from CEO Bob Iger’s Chengdu appearance on Thursday: the exec emphasized that launching entertainment ventures to Chinese audiences is an art form, not a science. He points out that the company is treading carefully with Shanghai Disney and adaptions of popular U.S. films and TV series, as the more rapid approach made by fellow media titans has tanked, indicating that Disney’s slower approach is likely more effective in the long run.
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA): Shares of Arena are pulling back slightly after a short run in pre-market, following the news that BELVIQ will be available in U.S. pharmacies beginning on June 11. The company will earn $65 million in milestone payments from Eisai in association with the launch.
Barclays (NYSE:BCS): Authorities in both the U.S. and U.K. are reportedly gearing up to charge former employees of the bank in a rate-rigging case, as the Libor investigation moves from the institutional level to individuals. Although no details as to who will be charged have been offer, it appears that top-tier executives will be spared from this particular probe.
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