Apple recently acquired Silicon Valley-based wireless chip developer Passif Semiconductor for an undisclosed sum. Apple spokeswoman Amy Besette confirmed the deal.
Jurors considering the fate of Fabrice Tourre sought clarity on two of the lesser charges facing the former Goldman Sachs Group Inc vice president. On the second day of deliberations in a civil fraud trial brought by the Securities and Exchange Commission, jurors passed three notes to the federal judge in Manhattan presiding over the case.
Stocks rose on in early trading on Wall Street, sending the Standard & Poor's 500 index above 1,700 points for the first time. All 10 industry sectors in the S&P 500 index rose, led by banks and industrial stocks.