In what may be seen by Aussies as a Kangaroo court – or is that pandering too much – a Chinese court has ruled that a Chinese company can use the name IPHONE.
Carl Icahn, the multi-billionaire stock picker who in 2008 threatened to take over Yahoo and sack the board for not accepting a US$40 billion acquisition offer from Microsoft, is predicting that a global financial meltdown is imminent. What’s more market pundits are taking the warnings seriously.
Legendary US investor Carl Icahn, who owns a billion dollars’ worth of Apple shares, says the company should be worth twice what it is and wants CEO Tim Cook to give the go ahead to buy back US$100 billion worth of shares.
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