Shares of Microsoft were up 2.13 to 98.75 in late trading following a report by CNBC of rumors that the software giant and the Justice Department were close to a settlement in the government_s antitrust case.
Published:
15 December 1999 y., Wednesday
Microsoft declined to comment on the rumors. A Justice Department spokesperson said: "The settlement rumors are unfounded."
Last month, U.S. District Court Judge Thomas Penfield Jackson found Microsoft was a predatory monopoly.
Since then the federal government, 19 states and Redmond, Wash.-based Microsoft have been involved in settlement talks in Chicago with judge Richard Posner.
"There may be some kind of settlement, but nobody can get their hands around what it is, or if it is some kind of rumor. The stock is acting pretty well, and whether it is buying on the rumor, I don_t know," said Ned Collins, head of trading, Daiwa Securities America.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »