Apple did not care what prices US publishers fixed for e-books, Apple Inc executive Eddy Cue testified in federal court.
Cue admitted that he was not surprised when US publishers hiked prices for new and best-selling e-books following Apple's entry into the e-books market in 2010, but claimed that that Apple did not play any role in causing industry-wide increase in prices.
Mahindra Group shares scored considerable gains in early trade on Monday after the tractor & utility vehicle giant announced a stake sale and purchase deal with Spanish auto parts maker CIE Automotive.
Mahindra announced that CIE Automotive would acquire 46-52 per cent stakes in its automotive component businesses - Mahindra Systech - through its Brazilian subsidiary Autometal for $116 million (nearly Rs 766 crore).
Mahindra Group will also acquire 13.5 per cent stake in CIE Automotive, becoming the second-largest stakeholder in the Spanish auto parts maker.
Jet Airways’ shares slipped 10 per cent in early trade on Monday after the government’s Foreign Investment Promotion Board (FIPB) postponed a decision on Jet-Etihad deal.
In April, Gulf carrier Etihad Airways agreed to acquire a 24 per cent stake in Jet Airways for $370 million. While the deal will allow Etihad to enter the fast-growing Indian civil aviation market, proceeds from the deal will help the Indian carrier cut its debt and get a stronger foothold in the market.
New Zealand needs to do more to address recently revealed problems in the country’s export trade with China, Trade Minister Tim Groser said.
Speaking about the safety of foods being exported by New Zealand, Groser admitted that there was a lack of control and that all foods exported by the country required stringent food safety requirements.
Social-networking giant Facebook and software major Microsoft on Friday disclosed the total number of legal orders they received for user data from various U. S. government entities.
Facebook disclosed that it 9,000 to 10,000 legal orders during the second half of 2012, asking for user data relating to 18,000 to 19,000 accounts.
Good News USA
- Vodafone NZ’s new ‘Red Home’ packages will offer UFB and 150 TV channels
- Vodafone NZ’s full-year profit plunged by more than two-thirds to $56 million
- Vodafone adding 34 European countries to ‘AU$5 per day’ international roaming option
- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki