Loss. The reason, ebay has decided to repatriate cash from overseas, resulting in a 3 billion tax charge. Repatriation, which many are choosing not to do, may change its financial flexibility. Apple and samsung made closing arguments today in the patent trial. Apple accuses samsung of copying apple features. Samsung accuses apple of twisting words, saying three patents accused of infringing are not used on the iphone. The apple lawyer has accused samsung of month after month of frenzied activity. Telling the jury, we are counting on you. And in a memo to employees he writes that he does not believe he has legitimate legal claims. He cannot know for certain what he will do. He denies the board will accept a plea deal and says the company is keeping its ipo options open. Now, to our lead story of the day, twitter trying to get more people to sign up, 255 million active users. Revenue was a bright spot. Sales more than doubled yearoveryear. In afterhours trading, it was the lowest level.
The paytv business. Googles annual Developer Convention starts tomorrow and wearable devices will be front and center. The countdown is on for the new iphone which will be bigger and badder than before . Hardingppliers in china production on these new iphones next month. Displayl has a 4. 7 inch and one of the phones will also have a 5. 5 inch screen, bigger than the samsung galaxy. Me whoaros is joining broke the story as well as brian blair from new york. Have been talking about this and expecting this for quite a long time. Is the timeframe important . It is not important, its pretty known and this is the time they typically start production. They have been preparing for the last four months but now is when they start production. If youre going to make 50 million per units, you have to have a couple of months of lead team leadtimes of this is the right time to start. I know your sources are not named but in terms of your story , does this suggest a release in october or earlier . Se
As of now, this is limited to android users. They did not steal passwords or financial information. And removing ibms servers and replacing them with chinese brands, according to people familiar with the brand who thinks china is worried about national security. The u. S. And china have been involved in a dispute since chinese officials were charged with Cyber Espionage last week. And former microsoft ceo, steve ballmer, is interested in buying the l. A. Clippers. Sterling surrendered the role of team owner to his wife after being banned for life after making racist comments. I want to turn to my special guest host of the hour. He was the former ceo of guitar hero. Dan sits on the board of rent the runway. Dan, always good to have you here on the show. Great to be here. I want to check on chegg. How is it going . It is going really well. The stock market is confusing. It is down. We went down before the rest of that tech market went down. Now we feel that we have got the company with u
Higher quality viewing experience. Some house members say they are worried about the pernicious effects of consolidation. Wearable devices are expected to be a major theme this year. So is further expansion of android in the car and the home and a new version of android os may also be announced. Apple suppliers and china are starting production next month according to people familiar. One model has a 4. 7 inch display of from the current for its screen and one will have a 5. 5 inch screen bigger than the samsung galaxy. Peter burrows and brian blair are here. Let me start with you, brian. You have been talking about this and expecting it for quite a long time. It is pretty known. In the next couple of weeks they have been tooling and preparing for this. But now is when they start production. If youre going to make 50 Million Units you have to have a couple of units of lead time. In terms of your story, your sources are not named. I wonder in terms of the timeframe does this suggest a r
Last ten years. Were going to talk more about this store with the tech giant in just a minute, but first, andrew, over to you. General mills is buying organic foot Food Producer annies. 46 a share in cash is the price tag. 820 million in total. Thats more than 37 premium to annies Closing Price yesterday. Maker of cheerios hoping that deal will help it expand in the fast growing Natural Foods market. Were going to talk more about foods and the consumer in the next hour with the ceo of kellouke kello kelloggs, john brian. Analysts say global comps likely to climb by 4 last month with samestore sales have been falling by more than 2 for mcdonalds. Well see if they can turn that around. Shares down nearly 9 in the last three months. Restaurant and arcade chain dave busters is filing for an ipo. The Company Looking to raise up to 100 million, listing under as a symbol play. The company pulled plans to go public in 2012. Earlier this year, scrapped plans to sell itself for more than 1 is mi