U.S. Morning Call: Stock futures up; DOJ may sue Apple
Wednesday, April 11, 2012 - 02:22
April 11 - U.S. stock futures are pointing to a higher open on Wall Street, and the U.S. DOJ could sue Apple, as soon as today, over alleged e-book price-fixing.
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Here's my confidence Wednesday US stocks back to break out of there losing streak Dow NASDAQ S&P 500 stock index futures. Cluster 1% each after the index has found more than one and a half percent Tuesday. The fifth straight day of declines of yes and he and went out. Alcoa helped cause this morning it's up 6% premarket late Tuesday the Dow component posted a quarterly profit when a loss was expected. Investors also keeping an eye on Indonesia after an eight point seven magnitude earthquake there leading to a tsunami warning. The Justice Department could see you apple today two sources telling Reuters the case involves allegations of electronic book price fixing. And no final decision has been made. The Justice Department is working on a settlement with some publishers over the matter it's been investigating whether deals apple cut two years ago with publishers at the time of the ipad's launch. We're done with intent of propping up prices for digital books. Apple had no comment the Justice Department was unavailable for comment. Another private equity firm closing in on IPO that Carlyle group IE nearly eight billion dollar valuation according to a source. A firm co founded by David Rubenstein looking to sell it 10% stake for between. 75800. Million dollars -- marketing blitz me Begin next week. It would follow in the footsteps of Blackstone. KKR and Apollo those stocks are higher along with the overall market so far in 2012. Yesterday we got this story was all about increased competition for Amazon and razor thin profit margins on apple items. But it turns out there's more to the sudden resignation of -- -- CEO. Brian Dunn was also being investigated for allegations of personal misconduct. Company says Dunn resigned before the investigation -- complete. -- could not be reached for comment on the new twist this. And a New York attorney general trying to break up a multi billion dollar mortgage on settlement Eric -- -- dissatisfied with eight point five billion dollar agreement between Bank of America. And Bank of New York Mellon which involved you based countrywide unit. The attorney general racing questions with the State Supreme Court about the fairness and adequacy of the deal with investors. Receiving only a few pennies on the dollar for the 174. Billion dollars. Unpaid principal. The court asked to sign off on the agreement. That's morning -- Wednesday I'm Jen -- this as writers and tighter.
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