Apple Inc.

[CityFarmer]

Apple faces possible May 2014 trial on e-book damages

NEW YORK — The United States federal judge who ruled that Apple violated antitrust law by conspiring with five major publishers to raise prices of e-books has scheduled a May 2014 trial to determine damages, according to an order made public yesterday (Aug 14).

Absent an earlier resolution, US District Judge Denise Cote in Manhattan would be expected at the trial to consider whether Apple should pay damages that could reach hundreds of millions of dollars.

Last month, Ms Cote sided with the federal government and 33 US states and territories in concluding that Apple conspired with the publishers to undermine pricing by rivals including Amazon.com, which dominates the market for electronic books.

The schedule for a possible trial on damages calls for the government and Apple to wrap up their interviews with experts by Dec 13. Court papers on whether to certify a class of plaintiffs must also be fully submitted by that date.

http://www.todayonline.com/business/appl...ok-damages

---

Is the Icahn's effect sustainable...?

Apple shares break US$500 mark

NEW YORK — Apple’s shares surged passed the US$500 threshold — their highest level since January.

The gains made yesterday (Aug 14) came a day after activist investor Carl Icahn said he thinks the iPhone maker should do more to revive its stock price.

The outspoken billionaire said in Twitter posts Tuesday that he had acquired an unspecified stake in Apple and had spoken to its CEO about boosting share repurchase plans. The stock immediately jumped, and closed at its highest level in nearly seven months.

http://www.todayonline.com/business/appl...us500-mark