Monopoly

FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration/File Photo
April 23, 2019
(Reuters) – Toymaker Hasbro Inc reported a surprise rise in quarterly revenue on Tuesday as it sold more of its Transformers toys and “Magic:The Gathering” collectible card game.
The company reported net earnings of $26.7 million, or 21 cents per share, in the first quarter ended March 31, compared with a loss of $112.5 million, or 90 cents per share, a year earlier.
Net revenues rose to 2.3 percent to $732.5 million, while analysts were expecting $661.3 million, according to IBES data from Refinitiv.
(Reporting by Uday Sampath in Bengaluru; Editing by Saumyadeb Chakrabarty)
Source: OANN

FILE PHOTO: Silhouette of mobile user is seen next to a screen projection of Apple logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
April 17, 2019
By Stephen Nellis
SAN FRANCISCO (Reuters) – Apple Inc and Qualcomm Inc on Tuesday settled an acrimonious two-year legal dispute. Shortly afterward, Intel Corp said it will exit the smartphone modem chip business.
The entire drama played out as the mobile phone industry prepares to shift to a technology called 5G.
Echoing complaints from the U.S. Federal Trade Commission, Apple had alleged that Qualcomm used its patent licensing business to keep a monopoly on modem chips that connect devices like the iPhone to wireless data networks. Qualcomm insisted that Apple was using its valuable technology with proper payment, and Apple later dropped Qualcomm’s chips in favor of those from Intel.
In the end, Apple and Qualcomm ceased all litigation, with Apple signing a six-year licensing deal with Qualcomm and also agreeing to buy Qualcomm chips. Hours later, Intel said it was getting out of the modem chip business.
WHAT IS 5G?
5G is a new network technology for wireless communications that could be up to 100 times faster than current 4G networks. The networks are coming on line in the United States, China, South Korea and other places this year, but probably will not be widespread until 2020. Modem chips connect devices like phones to these networks.
WHO ARE THE PLAYERS IN 5G?
Prior to Tuesday, five companies had disclosed 5G modem chips or plans to make them: Qualcomm, Intel, MediaTek Inc, Huawei Technologies Co Ltd and Samsung Electronics Co Ltd. Samsung and Huawei, however, only make chips for their own mobile phones.
WHY DOES APPLE CARE ABOUT 5G?
Some of Apple’s rivals in the smartphone market – notably Samsung – plan to release 5G devices this year, which could put pressure on Apple to match the feature. Many carriers that are investing heavily to build 5G networks are also likely to put their marketing efforts behind 5G phones.
WILL APPLE HAVE A 5G PHONE THIS YEAR?
It would require an extraordinary effort from both companies. New modems take months of testing to ensure phones will work on carrier networks. Under traditional time lines, Apple would have needed to start testing a 5G iPhone last year, but its supplier Intel did not have a chip ready.
WILL APPLE LOSE MARKET SHARE WITHOUT A 5G PHONE?
Apple was slow to 4G too and did not pay a price. Samsung and others released 4G phones in 2011 as the networks were rolling out. Apple waited until 2012, when 4G networks become widely accessible. Many analysts believe Apple is making the same bet with 5G.
WHY DOES APPLE NEED QUALCOMM’S CHIPS?
Apple’s only current modem supplier, Intel, said that it would not have a 5G chip ready until 2020, which could have pushed Apple’s launch of a 5G iPhone into 2021 – a long enough delay that it could hurt sales. Qualcomm, on the other hand, is preparing to ship its second generation 5G chip and can meet Apple’s needs with its current products.
WILL APPLE EXCLUSIVELY USE QUALCOMM’S CHIPS?
Not necessarily. While Apple and Qualcomm signed a supply agreement, Apple is working on developing its own modems and disclosed in court earlier this year that it has held talks with MediaTek and Samsung around modems.
WHY DID INTEL SHARE RISE AFTER IT EXITED THE MODEM BUSINESS?
Intel Chief Executive Bob Swan has told investors in the past that modem chips are not likely to fetch the same high margins as its CPU chips. Intel has plenty of other ways to make money from 5G, like selling CPUs to makers of base stations and so-called programmable chips to makers of networking gear.
(Reporting by Stephen Nellis in San Francisco; Editing by Greg Mithcell and Lisa Shumaker)
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FILE PHOTO: The logo of Apple company is seen outside an Apple store in Paris, France, April 10, 2019. REUTERS/Christian Hartmann
April 16, 2019
(Reuters) – Apple Inc and Qualcomm Inc on Tuesday decided to drop all ongoing litigations and settle their royalty dispute, reaching an agreement on global patent license and chipset supply.
The settlement also includes a payment from Apple to Qualcomm, whose size the two companies did not disclose.
Shares of Qualcomm jumped 22 percent in late afternoon trading, while Apple share were up marginally.
Apple filed a $1 billion lawsuit against Qualcomm in January of 2017, accusing the chipmaker of overcharging for chips and refusing to pay some $1 billion in promised rebates.
Later Qualcomm hit back with its own lawsuit, alleging that Apple used its heft in the electronics business to wrongly order contract factories such as Hon Hai Precision Co Ltd’s Foxconn to withhold royalty payments from Qualcomm that Apple had historically reimbursed to the factories.
As part of the settlement, Qualcomm will also end litigation with Apple’s contract manufacturers.
Apple had alleged that Qualcomm’s patent practices were an illegal move to maintain a monopoly on the market for premium modem chips that connect smart phones to wireless data networks.
Apple’s iPhones earlier used to sport only Qualcomm’s modem chips, which help a device connect to wireless data networks. With the launch of iPhone 7 in 2016, Apple started using Intel modem chips in some models instead.
Qualcomm told investors in July it believed its modem chips were completely removed from the newest generation of iPhones released in September, leaving Intel as the sole supplier.
Teardowns of the new devices have confirmed that Intel is supplying the modem chips.
Shares of Intel, Qualcomm’s main competitor for supplying modem chips to Apple, trimmed gains to be up marginally at $56.42.
Intel did not immediately respond to Reuters request for comment.
CNBC had earlier reported about the settlement.
(Reporting by Vibhuti Sharma in Bengaluru; Editing by Arun Koyyur)
Source: OANN

FILE PHOTO: A surveillance camera is seen outside an Apple store in Beijing, China December 12, 2018. REUTERS/Jason Lee/File Photo
April 16, 2019
By Stephen Nellis
SAN DIEGO, Calif. (Reuters) – A trial opened Tuesday in a complex contract and anti-trust dispute between Apple Inc and Qualcomm Inc with the iPhone maker using a fried chicken analogy to explain its claim that the chip company is abusing its market power.
Tens of billions of dollars and the fate of Qualcomm’s business model are at stake in the case. Apple alleges that Qualcomm engaged in illegal patent licensing practices to maintain a monopoly on the market for premium modem chips that connect smart phones to wireless data networks.
Qualcomm in turn says Apple uses innovations that Qualcomm spent billions to develop without proper compensation and that Apple has interfered in Qualcomm’s longstanding business relationships.
A jury of three women and six men will hear the case over five weeks in the San Diego federal courtroom of Judge Gonzalo Curiel. On Tuesday, attorneys sought to cut through the technological complexity and frame key elements of the case in terms the jury could understand.
Apple has objected to a practice that it calls “no license, no chips” under which Qualcomm will not sell chips to a company that has not signed a patent license agreement.
Apple attorney Ruffin Cordell likened Qualcomm’s policy to a Kentucky Fried Chicken restaurant that refuses to sell a bucket of chicken to customers.
“You first have to go over to this different counter, KFL – Kentucky Fried Licensing,” Cordell said. “You have to go pay that ‘eating license’ fee before they’ll sell you any chicken.”
Qualcomm had not yet given its arguments as of mid-morning, but the company has argued in court papers that its portfolio of 130,000 patents contains technologies used by virtually all mobile devices.
The company’s position is that mobile phone makers need a license to its patents regardless of whether they choose its chips and that it has followed longstanding industry practices by charging a license fee as a percentage of a device’s adjusted selling price.
(Reporting by Stephen Nellis in San Diego; Editing by Cynthia Osterman)
Source: OANN

A golf patron carries two shopping bags full of Masters products during first round play of the 2019 Masters golf tournament at Augusta National Golf Club in Augusta, Georgia, U.S., April 11, 2019. REUTERS/Brian Snyder
April 13, 2019
By Steve Keating
AUGUSTA, Ga. (Reuters) – There was a time when getting your hands on Masters merchandise was nearly as difficult and rewarding as winning a Green Jacket.
There is still only one place in the world to purchase official Masters souvenirs and that is inside Augusta National at their Harrods-like merchandise store which is only open during Masters week, the 64 cash registers manned by a smiling, uniformed staff from dawn to dusk.
There’s just one catch. To get in the store means having to first secure a Masters badge, one of the most coveted and hardest tickets to land in all of sport. For Thursday’s opening round, asking prices were as high as $7500 on resale sites.
Yet there is no longer a need to stand in that long line with hundreds of other souvenir hunters as the queue snakes its way through a maze of lanes that would rival any major airport security screening area.
Now with a cell phone (forbidden to spectators at Augusta National) and a no-price-is-too-high attitude, you too can be the owner of a Masters green polo shirt with its iconic yellow silhouette logo — and you won’t even have to leave your couch.
A Masters coffee mug, dog bowl or crystal glasses are all just a click or two away as enterprising websites skirt Augusta National’s monopoly by offering everything you can get inside the merchandise store at hugely inflated prices.
Sites like www.mmogolf.com and www.golfshopplus.com will take your order and have people on site at Augusta National fill it, guaranteeing your purchase is official merchandise complete with tags.
Aaron Behar, an owner of http://www.mmogolf.com, describes the operation as a “professional shopping service”.
The intensely protective membership at Augusta National may call it something different but for more than 10 years, the two have peacefully co-exsisted, unlike the club’s ongoing issues with ticket scalpers and resale sites.
“We are a shopping service and I want to make clear we are in no way affliated with Augusta Natioinal,” Behar told Reuters. “We only provide a service and obtain merchandise for personal and corporate clients.
“We do this for a number of tournaments but the Masters is a very exclusive product, one you can only get if you are there.
“We are simply a shopping service.”
Not surprisingly, there is a considerable mark up attached to muling merchandise out of Augusta National.
Bahr, like most patrons, gets his tickets off resale sites and as his costs go up, as they have this year, so do his prices.
A golf shirt that cost $95 in the store goes for $230 on the resale shopping sites while $35 T-shirts go for $60 and a green coffee mug that sells for $15 inside Augusta will fetch $60 outside the walls.
While Bahr has turned Masters merchandise resales into a business, there are no shortage of freelancers out there looking to cash in on the iconic brand.
On Kijiji and eBay, you can find everything from Masters golf balls to frosted plastic beer cups retrieved from garbage bins going for $3.99.
If you are having a Masters party, Goldbelly.com will ship the famous Augusta Pimento Cheese sandwich to your door with a two-pound pack costing $59.
Like everything at Augusta National, the club does not discuss money. That would be unseemly for one of the world’s most exclusive organisations but some golf industry experts estimate the merchandise store generates between $35-45 million in sales.
Everyone who passes through the Augusta gates must saunter past the store on way to the first tee and few can make the journey without pulling out a credit card.
While there is a growing secondary market for Masters merchandise, the vast majority of purchases are still made by golf fans who simply want a memento of their bucket list achievement.
Bill Henberson waited 30 years in the Masters lottery for a chance to attend golf’s first major, and marked the occasion by schlepping home three shirts, hats for grandchildren, a flag and a puzzle.
A group of four men said between them they had dropped roughly $2,100 on gifts for kids, friends — and themselves. Of course, with the 20 hats they had tucked into their shopping bags, there was more than enough gear to go around.
Another visitor walked away with T-shirts, hats, flags, magnets and cups, not bothering to look at the final cost.
“It’s the only time my husband doesn’t complain about spending,” Henberson’s daughter Jaima noted wryly.
(Additional reporting Amy Tennery. Editing by Ian Chadband)
Source: OANN

FILE PHOTO: IMF Managing Director Christine Lagarde speaks at the Spring Meetings of the World Bank Group and IMF in Washington, U.S., April 11, 2019. REUTERS/James Lawler Duggan/File Photo
April 11, 2019
By Jason Lange
WASHINGTON (Reuters) – The head of the International Monetary Fund on Thursday panned an idea gaining currency in U.S. left-wing circles that Washington could borrow much more aggressively without harming the economy.
Prominent politicians including Senator Bernie Sanders, a self-described democratic socialist seeking the 2020 Democratic presidential nomination, and Democratic U.S. Representative Alexandria Ocasio-Cortez see the idea as a possible way to ramp up spending on social programs.
The theory, known as modern monetary theory, has drawn rebukes from fiscal conservatives and many Democrats as well.
IMF Managing Director Christine Lagarde, whose institution is tasked with rescuing countries stricken by economic crises, appears to be aligned with critics who consider the theory naive.
“We do not think that the modern monetary theory is actually the panacea,” Lagarde said at a news conference during the spring meetings of the IMF and World Bank in Washington.
Lagarde said there might be a few situations in which vastly expanding debt would make sense, such as when a country gets stuck in a deflationary spiral.
“We do not think that any country is, you know, currently in a position where that theory could actually deliver good value in a sustainable way,” she said.
Conventional economists across America’s political spectrum argue the country is already on an unsustainable fiscal path with $22 trillion in outstanding federal debt and chronic deficits driven by social welfare programs.
Proponents of modern monetary theory hold that the U.S. government’s monopoly over dollar issuance – the printing press – gives it the power to spend as much as needed to meet the full employment and inflation mandates currently tasked to the country’s central bank.
IMF chief economist Gita Gopinath said the U.S. dollar’s dominant role in global finance might make it possible for Washington to ramp up spending without immediately driving interest rates higher.
But she said America’s growing spending commitments could eventually cause credit problems and that printing gobs of money to finance deficits could be disastrous.
“Very large amounts of it tend to be inflationary and they typically land countries into a crisis situation,” Gopinath said in an interview with Reuters.
(Reporting by Jason Lange; Additional reporting by David Lawder; Editing by Paul Simao)
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FILE PHOTO: Facebook, Google and Twitter logos are seen in this combination photo from Reuters files. REUTERS//File Photo
April 10, 2019
By David Shepardson
WASHINGTON (Reuters) – Republican senators on Wednesday said Alphabet Inc’s Google, Facebook Inc and Twitter Inc discriminate against conservative viewpoints and suppress free speech, suggesting anti-trust action could be a solution.
Senator Ted Cruz, who chairs the Senate Judiciary subcommittee, said many Americans believe big tech firms are biased against conservatives and pointed to some anecdotal examples. While no one wants “government speech police,” he said there are other remedies.
“If we have tech companies using the powers of monopoly to censor political speech, I think that raises real antitrust issues,” Cruz said at a U.S. Senate Judiciary subcommittee hearing.
Facebook, Twitter and Google denied their platforms are politically biased, and Democratic lawmakers said there was no evidence to back Republican bias claims although Democrats have criticized the firms on other grounds.
The Senate hearing was a sign that Republicans do not intend to relent in their year-old campaign against the tech companies. Last month, U.S. President Donald Trump again accused social media firms of favoring Democratic opponents without offering evidence.
“We do have a political bias issue here,” Republican Senator Mike Lee said.
Senators also raised the prospect that Congress could remove protections under Section 230 of the Communications Decency Act that give online platforms broad immunity for what users post.
Senator Mazie Hirono, the top Democrat on the panel, said Republicans claims are based on “nothing more than a mix of anecdotal evidence… and a failure to understand the companies algorithms and content moderation practices.”
Democratic presidential candidate Senator Elizabeth Warren said Facebook last month removed ads her campaign placed calling for Facebook’s breakup. “I want a social media marketplace that isn’t dominated by a single censor,” she said.
Carlos Monje, Twitter’s public policy director, said the site “does not use political viewpoints, perspectives or party affiliation to make any decisions, whether related to automatically ranking content on our service or how we develop or enforce our rules.”
Facebook public policy director Neil Potts said the company “does not favor one political viewpoint over another, nor does Facebook suppress conservative speech.”
Senator Josh Hawley told the firms they are not being transparent in how they make decisions. “This is a huge, huge problem,” he said.
Hirono said, “We cannot allow the Republican party to harass tech companies into weakening content moderation policies that already fail to remove hateful, dangerous and misleading content.”
Google was disinvited over a dispute about whether it offered an executive senior enough to testify. The panel left an empty chair for Google. Cruz said he plans a future hearing to address what he called “Google’s censorship of free speech.”
Google said in a written statement submitted to the committee that it works to ensure “our products serve users of all viewpoints and remain politically neutral” but it acknowledged that “sometimes our content moderation systems do make mistakes.”
(Reporting by David Shepardson; Editing by Cynthia Osterman)
Source: OANN

FILE PHOTO: A man walks past the logo of Deutsche Telekom AG at the headquarters of German telecommunications giant in Bonn, Germany, February 19, 2019. REUTERS/Wolfgang Rattay/File Photo
April 10, 2019
BERLIN (Reuters) – Germany’s Federal Network Agency on Wednesday said Deutsche Telekom could raise fees it charges rivals for accessing its “last mile” infrastructure, the last bit of cable connecting customers to the internet.
The agency in a statement said it proposed Deutsche Telekom to increase charges for accessing subscriber lines at the main distributors to 11.19 euros ($12.62) per month from currently 10.02 euros, starting from July 2019.
Former monopoly Deutsche Telekom often owns the last part of telecommunication cables into consumers’ homes, the “last mile”, making rivals reliant on it to offer their own services.
In the end of last year, Telekom leased 5.2 million last mile connections to rivals such as United Internet and Vodafone, less than in previous years.
The hike is due to increasing prices of underground construction and installation works, the agency said, adding that the proposal was valid for three years.
The proposal is not yet binding and subject to the approval of the European Commission, national and EU regulators.
Competitors can also express their views on the price hike.
(Reporting by Riham Alkousaa; Editing by Tassilo Hummel and David Evans)
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