Apple reports over five million iPhone 5s sold in launch
Apple Inc said in New York that it sold more than five million iPhone 5s in the first three days after launch. Shares eased about 0.9 percent in morning trading as demand and supply diverged with delivery times extending to weeks in some stores.
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TiVo, Verizon settle for 250.4 million in DVR patent case
TiVo Inc will receive at least 250.4 million from Verizon to license DVR technology and end a patent lawsuit. The settlement follows prior TiVo victories and involves claims that DVR technology was copied. Analyst notes suggest potential future litigation momentum and stock movement reflected the news.
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