Business News Weekly ─ January 13, 2020
Masimo Sues Apple Over Apple Watch
Irvine-based patient monitoring equipment developer Masimo has sued Apple, claiming that Apple stole its trade secrets and infringed on its patents–not to mention, hired away key employees–in order to add health monitoring features to its Apple Watch.
In a patent filing in the US District Court for the Central District of California, Masimo and one if its spinoffs, Ceracor Laboratories, said Apple infringed on ten patents held by Masimo in order to implement health monitoring features in the Apple Watch, and also hired away a key employee–Michael O’Reilly–who is now heads up the health efforts for the Apple Watch. O’Reilly was hired away in 2014, from his post as Chief Medical Officer at Masimo. Masimo and Ceracor Laboratories are seeking both an injunction as well as unspecified damages in the suit.
Tesla’s Musk shows off model 3s and his dance moves in China. Tesla gives a boost to China EV the market Tesla gives a boost to China’s be the market.
Investors lose their taste for wine. US tariffs have sapped the confidence of merchants hitting values of elite varieties in recent months.
“Barron’s: No Chance of 2020 Recession” ─ from Newsmax. Barron’s annual roundtable of 10 veteran investors and economists agree that there’s almost no chance of a recession this year. The roundtable’s view of stocks is decidedly, albeit cautiously, optimistic, Barron’s reported.
The 10 experts “all spoke of high valuations and noted a lack of catalysts to drive stocks higher. That led to some bemoaning that it’s becoming increasingly hard to find good value in today’s market,” Barron’s said.
The Barron’s panelists agreed on the need for increased immigration, and see an almost certain win by Donald Trump. Dissent centered on what the Federal Reserve’s next move would be.
“GM to Revive Hummer Name with Electric Line” ─ from Newsmax. General Motors Co will revive the Hummer name to sell a new family of electric pickup trucks and sport utility vehicles and will tout the return with a Super Bowl ad featuring NBA star Lebron James, two people briefed on the matter said on Friday.
The vehicles will be sold under the GMC nameplate. Reuters reported in October that GM planned to build a new family of premium electric pickup trucks at its Detroit-Hamtramck plant beginning in late 2021 and was considering reviving the Hummer name, citing several people familiar with the plans.