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US judge rejects bid to break up Google's ad business
AFP17d agoneutral
US judge rejects bid to break up Google's ad business

A US federal judge on Wednesday refused to force Google to sell a division of its digital advertising business, rejecting the government's push to break up part of the company's ad empire.The decision is the second time in recent years that a federal judge has declined to dismantle a piece of Google's business, after a judge last year refused to force the sale of its Chrome browser in a separate monopoly case over online search.

The Numbers John Ternus Inherits at Apple
The Wall Street Journal17d agoneutral
The Numbers John Ternus Inherits at Apple

$4.8 trillion Apple’s market capitalization sits at nearly this number, just below its late July peak. It is a massive figure that translates to more than 30 times next year’s expected profit, well over the earnings multiple of the broader S&P 500 index at 20 times.

Investing.com17d agoneutral
Apple outlines Ternus, Cook compensation in CEO transition

Investing.com -- Apple has set John Ternus’ annual salary at $3 million as he takes over as chief executive, while the company outlined a new compensation structure for both Ternus and longtime CEO Tim Cook in a regulatory filing on Tuesday.

Gap Up on Leadership Shift; Shein's Market Debut | Stock Movers
Bloomberg18d agoneutralVIDEO
Gap Up on Leadership Shift; Shein's Market Debut | Stock Movers

On this episode of Stock Movers: - Gap (GAP) shares jumped after naming a retail industry veteran to head Old Navy and profit outpaced estimates, offsetting a sales decline at the value chain and lower sales guidance. - Apple's (AAPL) Tim Cook handed over the reins to John Ternus on Tuesday, capping a tenure as chief executive officer that cemented the company as an iconic global brand and turned its stock into one of the most reliable bets. - Shein Global Holdings' shares long-awaited market debut has come at an awkward time: the fast-fashion retailer's peak growth years are behind it just as tariffs, regulatory pressure and intensifying competition are making its next phase harder.

Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years
Associated Press18d agoneutral
Apple's new CEO, John Ternus, takes over from Tim Cook after 15 years

Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple. Artificial intelligence has unleashed the greatest upheaval within the industry since Steve Jobs unveiled the first iPhone in 2007.

Apple Says OpenAI Is Destroying Evidence in Trade Secrets Case
Bloomberg18d agoneutral
Apple Says OpenAI Is Destroying Evidence in Trade Secrets Case

Apple Inc. escalated its legal battle against OpenAI, claiming in a new court filing that OpenAI is actively destroying crucial evidence and that former iPhone engineer Chang Liu “not only downloaded a confidential Apple circuit schematic but also used it in his work” at the AI company.