Tag: stock market

Immersion Corp. said Monday it has entered into settlement and license deals with Apple Inc. . Immersion, which develops touch feedback technology, had filed patent infringement lawsuits against Apple for technology used in iPhones and the trackpads used in MacBooks. Immersion said the terms of the agreements reached with Apple are confidential. The stock, which was still inactive in premarket trade, has tumbled 30% over the past 12 months, while the S&P 500 has gained 25%.

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Shares in AMS AG soared 20% on Monday after the Austrian chip company reported record full-year revenue of 1.06 billion euros ($1.32 billion) and raised its revenue forecast for 2016-2019 to compound annual growth of 60%. AMS, whose sensor technology helps power the Apple iPhone X’s facial-recognition feature, had been hit with an analyst downgrade last week tied to worries about weaker-than-expected iPhone X demand.

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The Trump administration is considering nationalizing the next-generation, high-speed 5G wireless network in an effort to prevent Chinese spying on U.S. mobile traffic, according to reports Sunday. Axios first reported the proposal, and White House sources later confirmed it to Reuters. “We want to build a network so the Chinese can’t listen to your calls,” a source told Reuters. The plan calls for a centralized, secure nationwide network within three years, according to Axios. The unprecedented move is still six to eight months from a formal proposal, Axios reported, and is expected to be fiercely debated within the administration and by the telecom industry. Currently, telecom companies build their own networks. Under the plan, the government would build and pay for the superfast network, and telecom companies would rent access to it. AT&T Inc. , Verizon Inc. and T-Mobile USA Inc. have already invested billions of dollars on developing their own 5G networks.

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An interactive online map that shows locations of wearable fitness-tracker users inadvertently reveals the locations of secret U.S. military bases overseas, according to reports Sunday. The Global Heat Map from Strava, a San Francisco-based GPS tracking company, visualizes activity from tens of millions of users of its app from 2015 through September 2017. Its app can be used on popular devices such as Fitbit, Jawbone and Vitofit. But in doing so, it also shows locations where soldiers wearing those devices are training, including sites in Somalia, Niger, Syria and Afghanistan. While the bases are not marked as such on the app, their remote locations suggest their true functions. Some bases are public knowledge, but others are not, and either way, the data could be used to track soldiers’ training routines and plan ambushes, experts told The Guardian and the Washington Post. “This is a clear security threat,” one security analyst told the Post. After the reports, Strava on Sunday urged its users to review the app’s privacy settings.

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The U.S. Commodity Futures Trading Commission will announce millions of dollars of fines for European banks Deutsche Bank AG, HSBC Holdings PLC and UBS Group AG for manipulating the U.S. futures market, Reuters reported late Friday. Citing anonymous sources, Reuters said that the CFTC investigation involves the Justice Department and the Federal Bureau of Investigation and looked into the banks “spoofing” and manipulation of the U.S. futures market. The fines for UBS and Deutsche Bank will exceed $10 million and HSBC will be “slightly” less, according to Reuters.

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Lowe’s Cos. said late Friday that its board approved a stock repurchase program of up to $5 billion. The new buyback plan has no expiration date and is on top of $2.1 billion remaining from a previous program. Shares of Lowe’s were up 0.8% after hours after closing up 1% to $107.40. For the year, the stock is up 15.6%.

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Twitter Inc. said late Friday that it’s adding new inventory to its bevvy of existing methods of monetizing tweets and its platform. Twitter stock was up a fraction to $24.32 after hours. The new ad product will roll out through Moments, a tech the company developed to wrap together a number of related tweets about news events or other topics users may be interested in. Via the new product advertisers will be able to sponsor Moments created by publishers and media organizations Twitter has inked deals with. The new ad product will be available to “In-Stream Sponsorship” publishers, which Twitter says are “are customized programs where brands and publishers are paired up on a 1:1 basis.” Twitter stock is up 44% in the past year, as the S&P 500 index rose 24%.

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Yum Brands said late Friday its board of directors approved a 20% increase in the company’s dividend, to 36 cents a share from 30 cents a share. The dividend will be paid on March 9 to shareholders of record on Feb. 14. Yum, based in Louisville, Ky., has more than 44,000 KFC, Pizza Hut and Taco Bell restaurants in more than 135 countries. Shares of Yum Brands were flat in late trading Friday after ending the regular session up 0.6%.

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

Yum Brands said late Friday its board of directors approved a 20% increase in the company’s dividend, to 36 cents a share from 30 cents a share. The dividend will be paid on March 9 to shareholders of record on Feb. 14. Yum, based in Louisville, Ky., has more than 44,000 KFC, Pizza Hut and Taco Bell restaurants in more than 135 countries. Shares of Yum Brands were flat in late trading Friday after ending the regular session up 0.6%.

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The Japanese yen pared some of its earlier gains in the second half of the U.S. session, as a spokesman for the Bank of Japan moderated comments made earlier by Gov. Haruhiko Kuroda at the World Economic Forum in Davos, Switzerland. The BOJ said Kuroda didn’t change his inflation forecast, according to reports. The governor earlier said inflation was finally getting close to the BOJ’s 2% target and that he could foresee a slight lift in inflation expectations. The dollar strengthened against the Japanese yen in response but held in negative territory, last buying ¥108.68, compared with ¥110.79 late Thursday in New York.

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