Apple, Google Accused of Anti-Trust Violations and 2 Morning Hot Stocks Trading Now
Sony Corp (NYSE:SNE): Current Price $12.57
Sony Corp (NYSE:SNE) is negotiating to sell the building that housed its US headquarters in New York City to a consortium led by The Chetrit Group, a real estate developer, for $1.1 billion. Sony expects to receive $770 million from the sale after adjusting debt related to the building and transaction costs. The company is selling non-core assets in an effort to raise cash after it made losses during the last four years. It also hopes to realise about $1.14 billion from the sale of one of its main buildings in central Tokyo.
Liberty Media (NASDAQ:STRZA): Current Price $15.72
Liberty Media (NASDAQ:STRZA) has lost no time after the departure of Sirius XM Radio Inc (NASDAQ:SIRI) CEO Mel Karmazin in December, and bought another 50 million shares of the satellite radio broadcaster at an average price of $3.15 per share. The purchase gives Liberty Media a 50.7% stake in Sirius and majority control. On January 3, the FCC gave Liberty Media the go-ahead to take control of Sirius. Liberty has been trying to secure control of Sirius to introduce better technologies and push for international expansion.
Apple Inc (NASDAQ:AAPL): Current Price $499.08
An lawsuit before US District Judge Lucy Koh claims technology companies such as Apple Inc (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), Intel Corp. (NASDAQ:INTC), Adobe Systems Inc (NASDAQ:ADBE), the Pixar animation unit of Walt Disney Co. (NYSE:DIS) and others violated anti-trust laws by agreeing not to try to recruit each others’ employees. Lawyers for the employees claim that the collusion between the companies reduced their clients’ incomes. The judge ordered Apple CEO Tim Cook to depose before the court on the matter. Google chairman Eric Schmidt and Intel CEO Paul Otellini will also have to appear in court.
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