Amazon is defeated in court, Broadcom Soars to New Highs
The heads of most investors are on barbeque and fireworks on July 4th, so there has not been too much serious action so far after today's shortened market hours.
Having said that, some pyrotechnics have already happened to certain stocks. It is worth looking into the path after beach visits, hot dog eating and flagging is over.
Person in
Image Source: Getty Images.
Court: Amazon responsible for third party merch
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Amazon.com (NASDAQ: AMZN) is the world's largest retailer, but it has been cut to size in the legal arena. On Wednesday it was made known after the market closed a federal appeal has steered towards the big company in a product liability case that could put a new lawsuit in. data-reactid = "26"> Amazon.com (NASDAQ: AMZN) is the world's largest dealer, but it has cut into size in the legal arena, on Wednesday it was announced after the market closed that a federal appeals court has ruled against the massive company in a product liability case that could set a new precedent.
<p class = "canvas -atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" The 3rd American The British Circuit Court of Appeals in Philadelphia decided that Amazon can be held liable when it acts as a marketplace for third-party products . A Pennsylvania woman named Heather Oberdorf sued the company when a ring on a dog collar – sold through the Amazon by one of the third-party dealers – failed, sending a retractable carriage plane and causing eye damage. "data-reactid =" 27 "> The third American appeal court in Philadelphia decided that Amazon can be held accountable when it acts as a marketplace for third-party products, a Pennsylvania woman named Heather Oberdorf sued the firm when a ring on a dog collar – sold through the Amazon of one of the third-party merchants – malfunction, and sent a retractable tape flight and caused her eye damage.
In his claim, the court claimed that under US law, Amazon is a "seller" in such a transaction. subject to Pennsylvania law. These laws are considered to be quite strict in relation to the other states.
The ruling goes against the case lawsuits related to third-party goods sold on Amazon. Several other US courts, including a few federal appeal courts, have decided the dealer in the Oberdorf case
Amazon has not yet commented on this final decision, its shareholders do not work too spooked by legal backlash, though – the company's stock is just down in demand for action.
Symantec crosses even higher
<p class = "canvas-atom canvas – Text (1) Mb (0-0) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Shares of Cybersecurity Company Symantec (NASDAQ: SYMC) up the message after the market is closed and sending the stock to higher record highs. . "data-reactid =" 32 "> Shares of cybersecurity company Symantec (NASDAQ: SYMC) is up to the market term and sends the stock to higher record highs. At the moment, it is traded at levels not seen over a year.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The reason is simple: A great reputation has it Very Acquired IT Conglomerate Broadcom (NASDAQ: AVGO) quits to buy the company. An article published Wednesday afternoon in Financial Times and quoted "people informed on the go", said that a deal for Broadcom to buy Symantec for over $ 15 billion was at an advanced stage. "data-reactid =" 33 "> The reason is simple: A big rumor has it that the highly-acquired IT conglomerate Broadcom (NASDAQ: AVGO) gives up for buying the company. The latest reports on the situation have that an agreement is imminent. An article published Wednesday afternoon in the Financial Times and quoted "people on the move", saying that a deal for Broadcom to buy Symantec for over $ 15 billion was at an advanced stage.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This would not be Broadcom's latest expensive foray in software. Last year, paid nearly $ 19 billion in cash to buy CA Technologies a veteran of that segment. "data-response time =" 34 "> This would not be Broadcom's latest expensive software advance. Last year, it paid nearly $ 19 billion in cash to buy CA Technologies, a veteran of that segment.
Since these buyout rumors began to collect steam earlier this week, the Symantec share has grown sharply.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool data-response time = "36"> More from The Motley Fool
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) John Mackey, Executive Whole Foods Market director, a Amazon subsidiary, is a member of The Motley Fools Board. Eric Volkman has no position in any of Motley Fool's having a disclosure rules . "data-reactid =" 44 "> John Mackey, CEO of Whole Foods Market, a subsidiary of Amazon, is a member of Motley Fool's Board of Directors, and Eric Volkman has no position in any of the aforementioned shares. Fool owns shares and recommends Amazon, The Motley Fool recommends Broadcom Ltd. The Motley Fool has a disclosure policy.
