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Pre-market Movers For April 3 (AAPL, BNNY, CAVM, NFLX)

Gainers:

Apple Inc. (AAPL) is gaining over 1 percent to $625.30. The European Commission has opened two formal antitrust investigations against Motorola Mobility Holdings, Inc. (MMI), following complaints by Apple and Microsoft (MSFT). The Commission will assess whether Motorola Mobility has abusively, and in contravention of commitments it gave to standard setting organisations, used certain of its standard essential patents to distort competition in the Internal Market in breach of EU antitrust rules.

Annies Inc. (BNNY), which went public last week, is rising 8 percent to $37.49.

Decliners:

Cavium, Inc. (CAVM) is falling over 1 percent to $30.11. The company announced that financial results for its first quarter of 2012 will be below its previous outlook. In addition, the company currently expects first quarter revenue to be approximately 6 percent to 7 percent lower sequentially.

Netflix, Inc. (NFLX) is falling 3 percent to $110.64.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Food delivery startup DoorDash and courier service Postmates have joined with robotic delivery developer Starship Technologies for conducting commercial delivery trials over the next few weeks. With Starship's self-driving delivery robots, DoorDash will do the delivery tests in Redwood City, California, while Postmates' tests will take place in Washington, D.C. They will carry food orders ... Aiming to better prepare its employees, Delta Air Lines has decided to begin new diversity training for all of its flight crews after incidents of alleged discrimination against passengers, Bloomberg reported. *** is the stock in focus, on the merit of its valuation and upbeat guidance revision. The company ***, a vendor of fiber-optic components, revised up fourth-quarter revenue guidance above Street estimates. We think the stock has at least 10% upside from current levels.
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