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Apple stock surges on U.S. ruling that spares default search deal with Google (“Apple stock surged in after-hours trading, up $7.48 (+3.26%) to $237.20.”)
On Tuesday, a U.S. judge ruled mostly in favor of Alphabet's Google, denying U.S. prosecutors' request to force the company to divest…
On Tuesday, a U.S. judge ruled mostly in favor of Alphabet’s Google, denying U.S. prosecutors’ request to force the company to divest its Chrome browser and Android operating system. The ruling also reassured Apple and other device and browser makers, with U.S. District Judge Amit Mehta allowing them to continue receiving ad revenue-sharing payments from Google. Morgan Stanley analysts noted Google pays Apple $20 billion annually for search-related services.Google plans to appeal the decision, which could delay implementation for years.
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