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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
The Securities and Exchange Commission or SEC announced Monday its two new initiatives aimed to address cyber-based threats and protect retail investors. SEC announced the creation of a Cyber Unit to focus the Enforcement Division's substantial cyber-related expertise on targeting cyber-related misconduct. The agency also established a retail strategy task force. China has largely blocked instant messaging service WhatsApp, the media reported. The disruption is said to be the latest step to tighten censorship as the country prepares for the Communist Party's congress in Beijing, which starts October 18. Walt Disney Co. has threatened to pull its programming from cable distributor Altice USA Inc. if the two companies are unable to reach a new deal before the end of September. The current contract between the two companies expires at the end of this month.
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