Possible iPhone and iPad Ban in U.S. The U.S. International Trade Commission or ITC is scheduled to announce today whether Apple’s (AAPL) popular iPhone and iPad will be ban in the U.S. Google’s (GOOG) Motorola Mobility is seeking to block imports of the devices saying that Apple infringed on four Motorola Mobility patents. Two of the patents relate to industry standards for 3G and Wi-Fi technologies.
Apple denies they infringed on Motorola’s patents. If the ITC does find that Apple did infringe on the patents Apple in filings contents that its devices shouldn’t be stopped being imported to the U.S. AAPL Pre-market: 660.03 -2.60 (-0.39%) GOOG Pre-market: 676.00 -0.80 (-0.12%)
American Eagle Outfitters (AEO): Bank of America Merrill Lynch raised their rating from Underperform to Neutral and raised their target price from $18.00 to $24.00. Pre-market: 22.10 +0.22 (1.01%)
Bristol-Meyers Squibb (BMY): Bank of America Merrill Lynch raised their rating from Neutral to Buy and placed a target price of $36.00 on the company. Pre-market: 32.10 -0.05 (-0.16%)
Big Lots (BIG): The Benchmark Company lowered their rating from Buy to Hold and lowered their target price from $45.00 to $33.00. Pre-market: 30.38 -0.38 (-1.24%)
Merck & Co. (MRK): Bank of America Merrill Lynch lowered their rating from Buy to Neutral and placed a target price of $45.00 on the company. Pre-market: 42.50 -0.30 (-0.70%)
Campbell Soup (CPB): Credit Suisse initiated coverage with a Neutral rating and target price of $35.00.
McDermott International (MDR): Stephens initiated coverage with an Overweight rating and target price of $35.00.
Swift Transportation (SWFT): Dahlman Rose initiated coverage with a Hold rating.
Autodesk (ADSK): Reported EPS of $0.48 missing estimates by -$0.01. Pre-market: 27.39 -8.32 (-23.30%)
Bebe stores (BEBE): Reported EPS of $0.04 beating estimates by $0.01.
Salesforce.com (CRM): Reported EPS of $0.42 beating estimates by $0.03. Pre-market: 139.68 -7.09 (-4.83%)
Futures at 8:10: Dow -0.11%. S&P . Nasdaq -0.18%. Crude to $95.94. Gold to $1670.70.
Europe: London . Paris . Frankfurt .
Asia: Japan . Hong Kong . China . India .