Monday, 3 January 2022

Reuters Business: BlackBerry loses bid to dismiss BlackBerry 10 lawsuit in NY, fall trial possible

BlackBerry loses bid to dismiss BlackBerry 10 lawsuit in NY, fall trial possible

A U.S. judge on Monday rejected BlackBerry Ltd's bid to dismiss a long-running lawsuit claiming it defrauded shareholders by inflating the success and profitability of its BlackBerry 10 smartphones, and said the class-action case could go to trial this fall.

Wall St gains on first trading day of 2022; Apple hits $3 trln market cap

U.S. stocks closed higher on Monday, with Apple Inc hitting a $3 trillion market capitalization and Tesla Inc posting bumper delivery numbers, giving investors cheer on the year's first trading day.

Exxon Q4 earnings poised to exceed pre-pandemic level -analysts

Exxon Mobil Corp's fourth quarter profit should top Wall Street's consensus and surpass its pre-pandemic levels, lifted by better-than-expected earnings from oil and gas, analysts said.

Dollar starts off 2022 on higher note as yields climb

The dollar ticked up against its major rivals as an upbeat market mood on Monday lifted European equities and government bond yields for the first day of trading of 2022.

Apple becomes first company to hit $3 trillion market value, then slips

Apple Inc on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.

Wall St rises on 1st trading day of 2022; Apple hits $3 trln market cap

U.S. stocks rose on Monday, with Apple Inc hitting a $3 trillion market capitalization and Tesla Inc posting bumper delivery numbers, giving investors cheer on the first trading day of the new year.

U.S. jury in Theranos trial keeps deliberating after disagreement

A U.S. jury was urged to continue deliberating on Monday after saying in a note it could not agree on a verdict on all of the charges against Theranos founder Elizabeth Holmes, who is accused of fraud connected with the blood testing startup.

Is Apple worth $3 trillion? Bulls, bears examine the case

Is Apple Inc really worth $3 trillion 16 months after becoming the first company valued at $2 trillion?

Apple's $3 trillion market value follows 5,800% gain since iPhone debut

Apple on Monday became the first publicly traded company with a stock market value of over $3 trillion, marking the latest milestone in the Silicon Valley heavyweight's spectacular stock surge since introducing the iPhone in 2007.

U.S. reaches settlement with Airbnb over Cuba sanctions violations

The U.S. Treasury Department said on Monday it had reached a settlement agreement with a unit of home rental firm Airbnb Inc for violations of U.S. sanctions on Cuba.

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