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IBM wins $45 mln verdict against Zynga in internet tech patent trial

UPDATE 1-IBM wins $45 mln verdict against Zynga in internet tech patent trial Adds comment from Zynga in paragraph 3 By Blake Brittain Sept 16 (Reuters) - IBM IBM.N has convinced a federal jury in Delaware that mobile-game maker Zynga owes $44.9 million in damages for violating IBM's patent rights in what the tech giant called "foundational" internet technology.
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IBM wins $45 mln verdict against Zynga in internet tech patent trial

IBM wins $45 mln verdict against Zynga in internet tech patent trial By Blake Brittain Sept 16 (Reuters) - IBM IBM.N has convinced a federal jury in Delaware that mobile-game maker Zynga owes $44.9 million in damages for violating IBM's patent rights in what the tech giant called "foundational" internet technology. The jury determined on Friday that Zynga games including entries from its "Farmville" series infringed two IBM patents related to web-based communications.
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U.S. STOCKS Kraft Heinz, Marriott, Mastercard

BUZZ-U.S. STOCKS ON THE MOVE-Kraft Heinz, Marriott, Mastercard Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 jumped around 2% on Wednesday, as investors hoped for hints from the Federal Reserve on the timing of rate cuts, a bullish forecast from AMD boosted chip stocks and Microsoft slipped after a higher spending forecast.
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U.S. STOCKS Microsoft, Boeing, Uber

BUZZ-U.S. STOCKS ON THE MOVE-Microsoft, Boeing, Uber Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 were poised to open sharply higher on Wednesday after a bullish forecast from AMD boosted struggling chip stocks, while Microsoft faltered among megacaps ahead of an interest-rate decision from the Federal Reserve.
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Groupon slides after wider loss in Q2

BUZZ-Groupon slides after wider loss in Q2 ** Groupon's GRPN.O shares down 3.8% at $15.11, after being down more than 15% premarket, after daily deals platform reported wider qtrly loss ** Co late Tues posted Q2 net loss of $10 mln, or 25 cents/sh, compared to loss of $12.6 mln, or 41 cents/sh, a yr ago ** Analysts expected profit of 2 cents in the qtr, per LSEG ** Rev in qtr fell ~3% yr/yr to $124.6 mln, above consensus view of $121.7 mln ** Co said after a careful review it's exiting its local
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Groupon Q2 Revenue USD 124.6 Million

BRIEF-Groupon Q2 Revenue USD 124.6 Million Jul 30 (Reuters) - Groupon Q2 adjusted EBITDA USD 16.5 million. Q2 gross profit USD 112.7 million Q2 net income USD -9.4 million
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Groupon Inc <GRPN.OQ> expected to post earnings of 2 cents a share - Earnings Preview

Groupon Inc expected to post earnings of 2 cents a share - Earnings Preview Groupon Inc GRPN.OQ GRPN.O is expected to show a fall in quarterly revenue when it reports results on July 30 for the period ending January 1 0001 The Chicago Illinois-based company is expected to report a 5.7% decrease in revenue to $121.737 million from $129.11 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on May 9 2024, for the period ended June 30, was
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Tempus AI stretches rally as co and SoftBank launch AI healthcare JV

BUZZ-Tempus AI stretches rally as co and SoftBank launch AI healthcare JV ** Shares of genetics testing firm Tempus AI TEM.O , backed by SoftBank 9984.T , up ~7% early Thurs, adding to ~10% gain in prior session ** SoftBank has launched joint venture with Tempus aiming to analyze personal medical data with artificial intelligence to come up with treatment recommendations, CEO Masayoshi Son told a briefing in Tokyo on Thurs ** The cos expected to each put $93 mln into the JV, which is anticipated
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SoftBank-backed Tempus AI sinks to new post-IPO lows

BUZZ-SoftBank-backed Tempus AI sinks to new post-IPO lows ** Shares of Tempus AI TEM.O , genetics testing firm backed by SoftBank 9984.T , down 2.7% at $24.63 on Tues and now off ~33% from IPO price ** Stock drops as much as 9.6% to $22.89 on the session ** TEM shares on track to fall for fifth time in past six days since closing up nearly 9% at $40.25 in their Jun 14 debut ** Tempus, founded in 2015 and has yet to turn a profit, raised ~$411 mln by selling 11.1 mln shares at $37 , top end of ma
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SoftBank-backed Tempus AI extends slump after strong listing

BUZZ-SoftBank-backed Tempus AI extends slump after strong listing Updates ** Shares of SoftBank 9984.T -backed Tempus AI TEM.O tumble as much as ~ 21 % to slump for the third straight session ** The genetics testing firm, led by Groupon GRPN.O co-founder Eric Lefkofsky, closed up 8.8% at $40.25 on its market debut on Friday, June 14 ** Shares fell 9.4% on Monday and 16.9% on Tuesday ** Tempus, which was founded in 2015 and is yet to post a profit, raised $410.7 mln by selling 11.1 mln shares at
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SoftBank-backed Tempus AI extends slump after strong listing

BUZZ-SoftBank-backed Tempus AI extends slump after strong listing ** Shares of SoftBank 9984.T -backed Tempus AI TEM.O tumble as much as 20% to slump for the third straight session ** The genetics testing firm, led by Groupon GRPN.O co-founder Eric Lefkofsky, closed up 8.8% at $40.25 on its market debut on Friday, June 14 ** Shares fell 9.4% on Mon
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