Apple settles patent dispute at last minute, Wall St rises on upbeat earnings

📆 2019-04-17 02:47:00
📰 abcnews

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A jury was listening to opening arguments from Apple and Qualcomm when news of the settlement broke. Meanwhile, Wall Street ends its day higher following a string of generally upbeat earnings.

Australian shares are expected to fall at the open despite global markets finishing on a strong note.AUD: 71.75 US cents, 54.97 British pence, 63.57 euro cents, 80.34 Japanese yen, $NZ1.06Europe: FTSE 100 +0.4pc at 7,470, DAX +0.7pc at 12,101, CAC +0.4pc at 5,529, Euro Stoxx 50 +0.4pc at 3,463ASX SPI futures were down 29 points, or 0.3 per cent, at 7:05am .Apple settles last minute

A jury of six men and three women was in the process of hearing opening arguments from Apple's and Qualcomm's lawyers, at a federal court in San Diego, when news of the settlement broke. Apple's litigation chief Noreen Krall chatted privately with Qualcomm attorney Mark Snyder before Judge Curiel called the jurors back into the courtroom.

"This development allows these tech companies to get back to business, and it will permit you to get back to your affairs."

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