Top 4 Business Stories of the Day


by wochit

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Twitter paid a somewhat hefty sum for a group of patents acquired from IBM. according to a filing published yesterday by a government agency, Twitter paid $36 million to acquire 956 patents and 100 patent applications from IBM. IBM announced the agreement between the companies in January, though the transaction actually completed in December. Rather than take the case to court, Twitter bought the patents from IBM and entered into a cross-licensing deal.
Apple’s innovative products have created fervent brand loyalty among their customers. This, combined with the stock more than doubling since the beginning of 2010, from $205 then to $531 today, has inspired equally impressive loyalty among its shareholders. There is no question that Apple is a great company and has been a great investment. But for those who currently own the stock or are considering of buying it today, the more significant question is, can Apple double again?
Fisker Automotive is slowly returning.
A new website isn't the be-all and end-all of a company back on the right track, but the new site is the first sign of stirring life within the company under its new owner, Wanxiang America, the U.S. arm of China's largest auto-parts firm.
It's also slick, hopeful, and remarkably candid about the company's rocky history.
What's clear is that the Karma will apparently be returning virtually untouched, with the same dramatic styling as before. And the same logo, contrary to expectations.
U.S. stock index futures added to gains after a better-than-expected reading on employment data for February. S&P 500 e-mini futures rose 7.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 10.5 points and Nasdaq 100 futures added 10.75 points.