Move wants $2 billion in damages from Zillow for trade secret theft

One of the most contentious fights in the history of real estate listings is about to go nuclear, thanks to a “staggering” claim of damages from Move in its trade secret theft lawsuit against Zillow. Now, for the first time, Move is acknowledging just how damaging the alleged theft was to the company. But there’s more to the story than just a ginormous number. Click the headline to learn more. …read more

From:: Real Estate Wire

Move wants $2 billion in damages from Zillow for alleged trade secret theft

One of the most contentious fights in the history of real estate listings is about to go nuclear, thanks to a “staggering” claim of damages from Move in its trade secret theft lawsuit against Zillow. Now, for the first time, Move is acknowledging just how damaging the alleged theft was to the company. But there’s more to the story than just a ginormous number. …read more

From:: Real Estate Wire

Oil futures settle at a more than two week low

Oil futures settled at a more than two week low on Friday, pressured by growing doubts that major crude producers will agree on a plan to freeze output. May WTI crude settled at $36.79 a barrel on the New York Mercantile Exchange, down $1.55, or 4%. Prices, which settled at their lowest level since March 15, lost 6.8% for the week, according to FactSet.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Oil futures settle at a more than two week low

Oil futures settled at a more than two week low on Friday, pressured by growing doubts that major crude producers will agree on a plan to freeze output. May WTI crude settled at $36.79 a barrel on the New York Mercantile Exchange, down $1.55, or 4%. Prices, which settled at their lowest level since March 15, lost 6.8% for the week, according to FactSet.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Baker Hughes reports weekly U.S. oil-rig count down by 10

Oil futures continued to trade lower after data from Baker Hughes showed that the number of active U.S. rigs drilling for crude fell by 10 to 362 as of Friday. Meanwhile, the total U.S. rig count fell 14 to 450, which is another record low. May crude was at $36.90 a barrel on the New York Mercantile Exchange, down $1.44, or 3.8%. It traded at $36.80 before the data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Airline shares slump on Deutsche Bank downgrade

Airline shares fell across the board on Friday following an analyst downgrade of several carriers, citing a more challenging environment this year. Michael Linenberg, an analyst at Deutsche Bank, lowered ratings of American Airlines Group , Delta Air Lines Inc. , United Continental , and Hawaiian Holdings Inc. to hold from buy. “We have observed a slowdown in U.S. corporate profits which is a concern given that they are a leading indicator of economic activity, and therefore, could lead to reduced demand for corporate travel,” he said in a note. Still, consumer spending remains healthy, which could lead to steady demand for leisure travel, he said. As a result, the analyst said he favors domestic airlines that are less dependent on corporate travel such as Southwest Airlines Co. , Alaska Air Group Inc. , JetBlue Airways Corp. , Spirit Airlines Inc. , and Skywest Inc. . United was the biggest laggard among S&P 500 airline stocks, falling 6%, followed by American which fell 3.6%. Delta dropped 3.4% and Southwest shed 1.5%. JetBlue shares rose 1.1% but Alaska, Spirit and Skywest all traded lower.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News