Law360 (March 12, 2019, 11:31 PM EDT) — A California federal judge on Tuesday nixed a whistleblower’s suit accusing Apple of bringing two trainers from India into the country using B-1 visas instead of the more expensive and necessary…
Apple announced it’s hosting a special event at its California headquarters later this month.The company is expected to announce the details about its new TV streaming and news subscription services — sending showbiz-themed invites for the March 25th event. It’s been reported that the company has made video content deals with stars like Oprah, Jennifer Aniston, Reese Witherspoon, and Steve Carell. Apple has had a tougher time pitching major newspapers like the New York Times and Washington Post to give up a 50 percent revenue cut to join in on a relaunch of its streaming news and magazine service. [Zac Hall / 9to5mac]
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The US Government is rushing to implement facial recognition software at major airports. President Trump issued an executive order last year mandating that facial recognition identification software be used on all international travelers at the top 20 US airports by 2021. According to a new report from BuzzFeed News, the US Department of Homeland Security is now “rushing to get those systems up and running at airports across the country” and implementing these new technologies “in the absence of proper vetting, regulatory safeguards, and what some privacy advocates argue is in defiance of the law.” The report analyzed 346 pages of documents from the nonprofit research organization, Electronic Privacy Information Center. [Davey Alba / BuzzFeed News]
Actually, Tesla will not close all its stores,wrote CEO Elon Muskin an email to his employees Sunday night. Last month, the company made waves when it announced it would shut its brick-and-mortar stores in favor of online sales only. But now, the company plans to instead keep some stores open and raise prices by about 3 percent on most of its vehicles in order to make up for cost. “All things considered, this seems like a reasonable compromise between current and future customers,” wrote Musk in his memo. [Lora Kolodny / CNBC]
Sam Altman introduced a new “capped profit” model for startups trying to balance ethics and making money.Altman, who recently stepped down from his role as president of Y Combinator, is starting a for-profit company called OpenAI LP that plans to raise billions but will limit the amount investors can profit from their money (well, only up to 100 times what they initially put in). In an interview with Recode, Altman calls his new company, complete with a mission-driven nonprofit charter, “a way to balance capitalism and sharing benefits.” The larger goal, as Teddy Schleifer writes, is to help create an artificial intelligence that “isn’t just another asset for a profit-seeking company.” [Theodore Schleifer / Recode]
A new lawsuit claims that Alphabet CEO Larry Page mishandled awarding a $150 million stock grant to a former exec who was accused of sexual harassment. The lawsuit alleges that Page didn’t get a board thumbs-up to compensate Andy Rubin, the Android mobile creator, and only sought a retroactive “rubber stamp” approval. The charges in the case “could add fuel to criticism that the company’s board isn’t strong enough to keep management accountable to shareholders.” [Joel Rosenblatt and Gerrit De Vynck / Bloomberg]
Top stories from Recode
Psychologists explain why at-home exercise machines like Peloton have what it takes to keep people moving.Here’s how these companies use social media, gamification, and VR to “give these exercise tools more staying power.” [Rani Molla]
This is cool
United American Securities Inc increased its stake in Apple Inc Com (AAPL) by 16.33% based on its latest 2018Q4 regulatory filing with the SEC. United American Securities Inc bought 13,113 shares as the company’s stock declined 2.81% while stock markets rallied. The institutional investor held 93,436 shares of the computer manufacturing company at the end of 2018Q4, valued at $14.74 million, up from 80,323 at the end of the previous reported quarter. United American Securities Inc who had been investing in Apple Inc Com for a number of months, seems to be bullish on the $843.56 billion market cap company. The stock increased 3.46% or $5.99 during the last trading session, reaching $178.9. About 51,028 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 0.49% since March 12, 2018 and is uptrending. It has underperformed by 3.88% the S&P500. Some Historical AAPL News: 25/05/2018 – Apple has blocked the plans of the biggest distributor of PC-based video games to extend its reach into iPhones; 03/05/2018 – Apple supplier Skyworks’ revenue rises 7.2 pct; 21/05/2018 – WETM-TV: Police said many people have reported phone calls from people posing as representative from NYSEG and Apple; 23/04/2018 – iPhone Blog: AT&T, Verizon investigated for eSIM antitrust after complaint by Apple; 16/04/2018 – Apple’s Not-Hot HomePod Sounds a Familiar Tune: Fully Charged; 01/05/2018 – Apple CFO Says $999 IPhone X Isn’t Priced Too High; 27/03/2018 – APPLE INC AAPL.O CEO TIM COOK TAKES STAGE AT CHICAGO EVENT FOCUSED ON EDUCATION, IPAD; 01/05/2018 – BREAKING: Apple announces $100B buyback program, hikes dividend by 16%; 28/03/2018 – APPLE INC AAPL.O : RBC SAYS LOWERING IPHONE UNIT AND ASP EXPECTATIONS SLIGHTLY FOR MARCH-QTR AND BEYOND; 28/03/2018 – Apple CEO Tim Cook: If FBI iPhone case happened again ‘they would fight again’
Moller Financial Services increased its stake in 3M Co (MMM) by 148.75% based on its latest 2018Q4 regulatory filing with the SEC. Moller Financial Services bought 2,679 shares as the company’s stock rose 1.23% with the market. The institutional investor held 4,480 shares of the medical and dental instruments company at the end of 2018Q4, valued at $861,000, up from 1,801 at the end of the previous reported quarter. Moller Financial Services who had been investing in 3M Co for a number of months, seems to be bullish on the $119.25B market cap company. The stock increased 3.09% or $6.21 during the last trading session, reaching $207.1. About 2.39 million shares traded or 0.26% up from the average. 3M Company (NYSE:MMM) has declined 10.58% since March 12, 2018 and is downtrending. It has underperformed by 14.95% the S&P500. Some Historical MMM News: 06/03/2018 – Global Study from 3M Reveals – Science is Underappreciated; 04/04/2018 – 3M CO – KRISTEN LUDGATE IS APPOINTED SENIOR VICE PRESIDENT, HUMAN RESOURCES, EFFECTIVE JULY 1, 2018; 05/03/2018 – 3M: Roman Has Served as Oper Chief, Executive Vice Pres Since July; 27/03/2018 – Australia 3M Interbank Yield at 1.83% by End-1Q18 (Survey); 24/04/2018 – 3M Had Seen 2018 Organic Local-Currency Sales Growth 3%-5%; 04/04/2018 – C3 IOT ANNOUNCED MULTI-YEAR AGREEMENT WITH 3M TO PROVIDE C3 IOT Al AND IOT SOFTWARE PLATFORM TO SUPPORT 3M’S DIGITAL TRANSFORMATION; 03/04/2018 – Consum Prod Sfty: Scotch Thermal Laminators Recalled by 3M Due to Burn Hazard; 05/03/2018 – 3M appoints Michael Roman CEO; Inge Thulin will become chairman of board; 05/03/2018 – 3M CO – INGE THULIN APPOINTED 3M EXECUTIVE CHAIRMAN OF BOARD; 24/04/2018 – 3M CO – QTRLY ORGANIC LOCAL-CURRENCY SALES GROWTH OF 2.8 PERCENT
Investors sentiment increased to 0.97 in Q4 2018. Its up 0.30, from 0.67 in 2018Q3. It improved, as 82 investors sold AAPL shares while 860 reduced holdings. 159 funds opened positions while 756 raised stakes. 2.83 billion shares or 5.50% more from 2.68 billion shares in 2018Q3 were reported. Marsico Cap Mgmt Limited Liability Corporation holds 599,829 shares or 3.99% of its portfolio. Homrich & Berg accumulated 93,782 shares. Florida-based Gruss Co has invested 7.39% in Apple Inc. (NASDAQ:AAPL). Advisory Net Ltd Liability Corporation owns 117,444 shares for 1.62% of their portfolio. Matthew 25 Mngmt Corp invested 8.68% in Apple Inc. (NASDAQ:AAPL). Paloma Prns invested in 318,887 shares or 1.54% of the stock. Tower Bridge has invested 0% in Apple Inc. (NASDAQ:AAPL). Dt Investment Limited Liability Com invested in 0.04% or 1,713 shares. Bw Gestao De Investimentos Ltda holds 7.29% or 118,980 shares. Somerset has invested 2.36% of its portfolio in Apple Inc. (NASDAQ:AAPL). Hilltop Hldg invested in 1.51% or 38,635 shares. Millennium Mngmt Ltd Liability has invested 0.81% in Apple Inc. (NASDAQ:AAPL). Amica Mutual Insur reported 139,876 shares. Gluskin Sheff accumulated 2,925 shares or 0.03% of the stock. Hendley & reported 48,630 shares stake.
United American Securities Inc, which manages about $201.06 million and $147.26 million US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 5,181 shares to 13,148 shares, valued at $19.75M in 2018Q4, according to the filing. It also reduced its holding in Southwest Airls Co Com (NYSE:LUV) by 26,860 shares in the quarter, leaving it with 84,507 shares, and cut its stake in Stitch Fix Inc Cl A Com.
More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Nasdaq.com which released: “Technology Sector Update for 02/14/2019: SWIR, CYBR, CSCO, MSFT, AAPL, IBM, CSCO, GOOG – Nasdaq” on February 14, 2019, also Nasdaq.com with their article: “Technology Sector Update for 02/11/2019: RGSE,DPW, MSFT, AAPL, CSCO, IBM, GOOG – Nasdaq” published on February 11, 2019, Seekingalpha.com published: “Qualcomm launches new Apple patent challenge – Seeking Alpha” on March 04, 2019. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Nasdaq.com and their article: “Technology Sector Update for 02/12/2019: VRNS, MIME, SHOP, MSFT, AAPL, CSCO, IBM, GOOG – Nasdaq” published on February 12, 2019 as well as Nasdaq.com‘s news article titled: “After Hours Most Active for Mar 1, 2019 : ABEV, GE, XOM, PFE, AR, TSM, SGMS, AAPL, SHY, MSFT, MCHI, INTC – Nasdaq” with publication date: March 01, 2019.
Since November 19, 2018, it had 0 insider purchases, and 2 sales for $902,607 activity. Shares for $255,087 were sold by LEVINSON ARTHUR D.
Moller Financial Services, which manages about $340.70M and $153.19M US Long portfolio, decreased its stake in Ishares Tr (IVV) by 86,765 shares to 37,561 shares, valued at $9.73M in 2018Q4, according to the filing. It also reduced its holding in Vanguard Index Fds (VB) by 144,843 shares in the quarter, leaving it with 92,875 shares, and cut its stake in Flexshares Tr (GUNR).
Since October 26, 2018, it had 1 buy, and 10 sales for $17.26 million activity. $1.19M worth of 3M Company (NYSE:MMM) shares were sold by Lindekugel Jon T. 8,906 shares were sold by Vale Michael G., worth $1.77 million on Thursday, February 7. On Wednesday, January 30 the insider THULIN INGE G sold $2.70 million. The insider Bushman Julie L sold 3,123 shares worth $624,295. The insider Bauman James L sold $3.22M. 9,410 3M Company (NYSE:MMM) shares with value of $1.87M were sold by Keel Paul A.
More recent 3M Company (NYSE:MMM) news were published by: Gurufocus.com which released: “US Market Indexes Close Higher Monday – GuruFocus.com” on March 11, 2019. Also 247Wallst.com published the news titled: “3M Pledges to Move to 100% Renewable Energy Over Time – 24/7 Wall St.” on February 28, 2019. Bizjournals.com‘s news article titled: “Microbial detective firm lands $14 million from 3M, others to track global supply chain from dust to data – San Francisco Business Times” with publication date: February 14, 2019 was also an interesting one.
Benchmark Capital Advisors decreased Apple Computer Inc W/Rts (AAPL) stake by 56.87% reported in 2018Q4 SEC filing. Benchmark Capital Advisors sold 22,865 shares as Apple Computer Inc W/Rts (AAPL)’s stock declined 2.81%. The Benchmark Capital Advisors holds 17,341 shares with $2.74 million value, down from 40,206 last quarter. Apple Computer Inc W/Rts now has $842.24B valuation. The stock increased 3.30% or $5.71 during the last trading session, reaching $178.62. About 18.41 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 0.49% since March 11, 2018 and is uptrending. It has underperformed by 3.88% the S&P500. Some Historical AAPL News: 10/04/2018 – Israeli agency investigating Apple over handling of iPhone slowdown; 13/05/2018 – Forbes: New iPhone Leak Reveals Apple’s Radical Design; 10/04/2018 – Apple Owes $502.6 Million to VirnetX, Says Federal Jury in Texas; 26/03/2018 – DailySource: Apple, IBM execs call for stiffer data rules. (USA TODAY) Video:; 28/05/2018 – IPhone Screen Makers Fall on Report of Apple OLED Shift in 2019; 02/04/2018 – Mark Gurman: Breaking now on @technology: Apple plans to start moving from Intel chips to its own custom Mac chips as early as; 20/04/2018 – Weak guidance from a top Apple supplier Taiwan Semiconductor Manufacturing, and the likely knock-on effect to 3-D sensing technology maker AMS, suggests Apple is not buying components for the iPhone X; 24/04/2018 – “Heading into Apple’s much anticipated March (FY2Q18) quarter next week the Street has gone into ‘full panic mode’ as supply chain checks out of Asia indicate that June iPhone shipments are trending well below expectations,” GBH Insights analyst Daniel Ives writes in a note to clients Tuesday; 26/05/2018 – Tech Radar: Apple reportedly lining up a new “Star” family of devices; 02/05/2018 – Apple gave revenue guidance for the current quarter of $51.5 billion to $53.5 billion, well above the midpoint of $51.61 billion expected by Thomson Reuters consensus
Among 4 analysts covering Marshalls PLC (LON:MSLH), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Marshalls PLC had 5 analyst reports since December 12, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 28 by Berenberg. The stock of Marshalls plc (LON:MSLH) has “Buy” rating given on Thursday, January 3 by Peel Hunt. The firm has “Hold” rating by Shore Capital given on Wednesday, December 12. The rating was maintained by Peel Hunt on Wednesday, December 12 with “Buy”. See Marshalls plc (LON:MSLH) latest ratings:
28/01/2019 Broker: Berenberg Rating: Buy Old Target: GBX 530.00 New Target: GBX 580.00 Maintain
08/01/2019 Broker: Canaccord Genuity Rating: Hold Old Target: GBX 500.00 New Target: GBX 495.00 DownGrade
03/01/2019 Broker: Peel Hunt Rating: Buy Old Target: GBX 525.00 Maintain
12/12/2018 Broker: Shore Capital Rating: Hold Maintain
12/12/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 515.00 Maintain
Marshalls plc manufactures and supplies hard landscaping products in the United Kingdom and internationally. The company has market cap of 1.09 billion GBP. The firm operates through Landscape Products and Other divisions. It has a 24.23 P/E ratio. The firm offers interior, garden, driveway, and seating and landscape products, including paving, block paving, kerbs, water management, natural stone cladding, street furniture, lighting, traffic calming, protective street furniture, and walling and mortars products, as well as paths, edgings, and decorative aggregates to local authorities, commercial architects, specifiers, contractors, house builders, builders merchants, DIY groups, professional landscapers, garden designers, and patio and driveway installers.
The stock increased 0.46% or GBX 2.5 during the last trading session, reaching GBX 547.5. About 196,792 shares traded. Marshalls plc (LON:MSLH) has 0.00% since March 11, 2018 and is . It has underperformed by 4.37% the S&P500.
More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Nasdaq.com which released: “Dow Movers: BA, AAPL – Nasdaq” on March 11, 2019, also Seekingalpha.com with their article: “A Sweet Dividend Hike Coming From Apple – Seeking Alpha” published on March 08, 2019, 247Wallst.com published: “10 Reasons Merrill Lynch Is Now Bullish on Apple – 24/7 Wall St.” on March 11, 2019. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple: The Trade Peace Dividend – Seeking Alpha” published on March 08, 2019 as well as Nasdaq.com‘s news article titled: “Analysts See 10% Upside For GMFL – Nasdaq” with publication date: March 11, 2019.
Among 19 analysts covering Apple (NASDAQ:AAPL), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. Apple had 53 analyst reports since September 13, 2018 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, January 3. Rosenblatt maintained Apple Inc. (NASDAQ:AAPL) rating on Thursday, December 6. Rosenblatt has “Neutral” rating and $165 target. Nomura maintained it with “Neutral” rating and $215 target in Friday, September 28 report. The rating was maintained by J.P. Morgan on Wednesday, February 20 with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform” rating by Robert W. Baird on Friday, November 2. The stock has “Hold” rating by Loop Capital Markets on Wednesday, February 20. The rating was maintained by Robert W. Baird on Tuesday, November 27 with “Buy”. The rating was maintained by BMO Capital Markets on Friday, November 2 with “Market Perform”. The firm earned “Buy” rating on Wednesday, November 14 by UBS. The rating was maintained by Citigroup on Monday, December 10 with “Buy”.
Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 7. They expect $2.38 earnings per share, down 12.82% or $0.35 from last year’s $2.73 per share. AAPL’s profit will be $11.22 billion for 18.76 P/E if the $2.38 EPS becomes a reality. After $4.18 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -43.06% negative EPS growth.
Investors sentiment increased to 0.97 in Q4 2018. Its up 0.30, from 0.67 in 2018Q3. It is positive, as 82 investors sold AAPL shares while 860 reduced holdings. 159 funds opened positions while 756 raised stakes. 2.83 billion shares or 5.50% more from 2.68 billion shares in 2018Q3 were reported. Hamel Assocs Incorporated invested 3.69% in Apple Inc. (NASDAQ:AAPL). 38,578 are held by Delta Cap Mngmt Lc. Papp L Roy Assocs has invested 3.85% in Apple Inc. (NASDAQ:AAPL). Gould Asset Management Ltd Llc Ca owns 6,754 shares for 0.44% of their portfolio. 6,369 were reported by Stelac Advisory Svcs Limited. Agf Invests holds 0.23% or 123,007 shares. Weik Management invested 0.69% in Apple Inc. (NASDAQ:AAPL). Arvest Retail Bank Trust Division reported 147,368 shares or 1.85% of all its holdings. 75,527 were accumulated by Blb&B Advisors Ltd. Retirement Systems Of Alabama has invested 2.53% in Apple Inc. (NASDAQ:AAPL). Trust Advisors invested 5.21% in Apple Inc. (NASDAQ:AAPL). Lord Abbett Ltd Limited Liability Company accumulated 957,892 shares. Moon Mgmt Lc reported 0% in Apple Inc. (NASDAQ:AAPL). 2,388 were accumulated by Albert D Mason. First Foundation Advsrs has invested 0.73% in Apple Inc. (NASDAQ:AAPL).
Apple CEO Tim Apple Tim Cook has a reminder for us: Tech degrees might be a waste of time.
At the most recent American Workforce Policy Advisory Board Meeting, Cook noted about half of Apple employees don’t have a degree, and the company is “proud of that.” He also isolated “coding” as a skill Apple believes can be mastered without a degree, and that kids should have proficiency in it before leaving high school. From Cook:
…we’ve never really thought that a college degree was the thing that you had to have to do well. We’ve always tried to expand our horizons.
And so that degree — about half of our U.S. employment last year were people that did not have a four-year degree. And we’re very proud of that, but we want to go further.
And so to that end, as we’ve looked at the — sort of, the mismatch between the skills that are coming out of colleges and what the skills are that we believe we need in the future, and many other businesses do, we’ve identified coding as a very key one.
And we believe strongly that it should be a requirement in the United States for every kid to have coding before they graduate from K-12, and become somewhat proficient at it.
(One thing to keep in mind with Cook’s comments: He’s speaking of Apple’s entire workforce, which includes Apple Store employees. We’re sure some Apple Store staffers hold degrees, but you don’t need a degree to work in retail.)
Cook went on to highlight Apple’s push into coding education with services for teachers, as well as apps such as Swift Playgrounds. He’s making the case for Apple services, but also suggesting software developers don’t always need to go to university. Overall, his stance is that the next generation should have some ingrained proficiency in programming, thanks to some combination of self-teaching, high-school education, and other sources.
Cook isn’t alone. IBM CEO Ginni Rometty – who was at the same advisory board meeting as Cook (but offered nothing substantive) – spoke at the World Economic Forum in Davos, Switzerland earlier this year. At that event, she commented on the same skills gap, noting: “I think businesses have to believe I’ll hire for skills, not just their degrees or their diplomas. Because otherwise we’ll never bridge this gap.”
HackerRank’s annual developer survey underscores Rommety and Cook’s position. It found that college graduates weren’t being taught the languages and frameworks employers need; 32 percent of its respondents relied entirely on university to teach them what they needed to know, while 27 percent reported being self-taught. (An even higher number, 38 percent, combined schooling and self-learning.)
As a study from DigitalOcean points out, tech bootcamp graduates feel far more prepared for the ‘real world’ than college degree holders (61 percent to 36 percent, respectively).
And if you want still more evidence, the Dice Salary Survey proves the point that skills matter more than degrees. The average tech pro earns $93,244 annually, but adding a skill like GoLang can help you earn $132,827 per year. (When HackerRank asked students which languages they planned to learn outside of school, GoLang also ranked near the top.)
You could make a viable argument that university curriculums move far too slowly for tech. We told you a college degree might be unnecessary in 2015. And 2016. 2017, too. 2018? Check. Now it’s 2019, and we’re seeing the strongest signs that skills matter in tech, not degrees. Many tech jobs still ask for a degree, and that’ll help get you hired – but skills will keep you employed, and paid well.