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3XSQ: Apple settles, so does Icahn

Monday, July 02, 2012 - 04:21

July 2 - Apple shells out $60 mln to settle a legal fight with Proview, and Carl Icahn makes a 22 percent return on his investment in Amylin Pharmaceuticals.

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To walk them three Times Square this Monday for Reuters world headquarters -- What's your product -- more of your proview technologies at sixty million dollars which is our daily did it. Apple showing up that much to settle legal fight with a Chinese company over the use of iPad name in China. Proview had sued apple in one round in court the deal allows apple get back to business in the world's most populous country. A quest for gallons a minute deal Austin, Texas company winning the competition for Quest Software. Which helps companies manage information technology it -- -- private investment for venture partners. -- paying 2.4 billion dollars or 28 dollars a share the stock closed near that level Friday and it remains in that vicinity today. Investors reacting to other deals today including one involving our power player of the day. It's corporate raider Carl Icahn -- with nearly 9% of Amylin Pharmaceuticals which Bristol myers' mind for five point three billion. Now considering the time that he put into an -- deal. He didn't get much in return Reuters analysis shows you -- a 22% return on his investment after spending four years. Engaging in a proxy fight and litigation pressure the company to clinch a deal. But I can't -- made an equal point 2% return over that fury by simply buying the FBP's health care index and in Europe alive or probe leads to a high level executive departure as the investigation continues. Our Nigel Stephenson joins us from London on Nigel. So all Barkley Steele Bob Diamond of staying put but someone else leading. Yes I going to -- this is the first significant scalp of the scandal that may -- the downfall of others. And a serious fraud office now says it's considering bringing criminal charges. But he's Chapman markets ages has resigned saying quote the buck stops with me. However one little Mike has -- -- -- CEO Bob Diamond to step down to comment -- have been summoned to testify in front of lawmakers on Wednesday. Miller shareholders have been unwilling to comment so far they may be slightly more vocal out of their parents remember the last time he was that -- said the time for banks to stop apologizing. Was over -- So -- the first of these investment banks in this scandal -- chances to -- other bad. A serious amount -- banks the likes of HSBC JPMorgan city. Whole involved. So this is a long way to go and they'll see that the US regulators have to look at this one as well. Well -- enjoy getting caught Helsinki. The fans trying to killer do you deal. I think being the right off the word that -- on -- and has become a familiar story we get very excited about the eurozone deal stocks rise. And and euphoria I'm afraid disappears. Well stocked up and up today but now Finland in the Dutch have teamed up to cost out of the deal they say yes and bond buying in the secondary market. Would require agreement but all seventeen member states. That seems unlikely so once again any action seems the old. We'll have to wait to hear from the ECB which meets on Thursday to see if Mario Draghi will be persuaded to -- the rescue of a drama continues thanks like Nigel appreciate. A dispute with cable network AMC is breaking bad word dish. The satellite TV provider dropping the channel and it shows including mad men and breaking bad. Thing agency is charging fees that are too high reports low ratings. And he disputes that plane and he did reach a deal with this competitor AT&T to extend its carriage deal. And finally. Up and -- like a typical walk and roll concert but it's part of a growing wave of interest in music in an unlikely place. Kabul Afghanistan. And there are heating up for the opening of the school of rock and the continuation of an annual rock in a bull festivals -- gold -- go with desert -- And that's latest from three Times Square this Monday you can follow us on Twitter at Reuters Insider. Check out our Reuters UT TV channel on Reuters dot com slash Reuters TV. I'm Fred Katayama this is what.

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3XSQ: Apple settles, so does Icahn

Monday, July 02, 2012 - 04:21