Apple, Google Holding Patent Talks and 2 Hot Stocks Seeing Action Today
Sina Corp. (NASDAQ:SINA): Alibaba (ALBCF) acquired a 15 to 205 percent stake in Sina Weibo, The Next Web reports, citing TechNode.
Lowe’s Companies Inc. (NYSE:LOW) reports a Q3 revenue reaching $12.1 billion, consensus $11.91 bllion, and included, are charges related to long-lived asset impairments, discontinued projects, and a change in the discount rate that is applied to self-insurance claims which, in the aggregate, lowered Q3’s pre-tax earnings by $85 million and diluted earnings per share by 5c.
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Apple Inc. (NASDAQ:AAPL) and Google’s (NASDAQ:GOOG) Motorola unit have been discussing resolving their dispute over standard essential patents via binding arbitration, according to a statement by Apple made in a November 15 court filing, Bloomberg reported on Saturday. An agreement regarding the issue has the potential to lead to a deal that covers all of the companies’ patent disputes, Apple also stated, according to the news service.
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