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A federal appeals court on Thursday rejected Apple Inc's bid to disqualify an antitrust compliance monitor who was appointed after the company was found liable for conspiring with publishers to raise the prices of e-books. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge did not abuse her discretion in rejecting Apple's bid to disqualify Michael Bromwich as monitor. Bromwich, a lawyer, was installed in October 2013 by U.S. District Judge Denise Cote, three months after she found Apple had played a "central role" in a conspiracy with publishers to raise e-book prices, the subject of litigation brought by the U.S. government and more than 30 U.S. states. more...


Amazon.com Inc said on Thursday it will expand same-day delivery to San Diego and the Tampa Bay Area under its Prime shipping service, which has been an engine of revenue growth for the online seller. Amazon offers same-day delivery to Prime members for $5.99 per order and non-members for $8.99 plus 99 cents per unit. "We know same-day delivery volumes will grow dramatically now that we are making it free," he said. more...


Avago Technologies Ltd agreed to buy fellow chipmaker Broadcom Corp in a cash-and-stock deal valued at $37 billion to boost its mobile chip and data networking businesses. Avago, a maker of chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion in one of the biggest deals ever in the chip industry. The deal represents a premium of about 28 percent, according to Reuters calculations based on Broadcom's market value of $28.85 billion as of Tuesday's close, the day before the Wall Street Journal reported that the companies were in talks. more...


Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter told Reuters on Thursday. The meeting, in which Snapchat Chief Executive Evan Spiegel and chief strategy officer Imran Khan were present, triggered speculation that Alwaleed may take part in Snapchat's new funding round that has already seen Alibaba Group Holding invest $200 million -- giving the Los Angeles-based firm a valuation of around $15 billion. more...


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