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Apple, Samsung set for Supreme Court; Salesforce.com may not bid for Twitter

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

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Apple, Samsung set for Supreme Court; Salesforce.com may not bid for Twitter

TOP NEWS

* Apple Inc. will face off with Samsung Electronics Co. Ltd. at the U.S. Supreme Court today in connection with a longtime legal dispute that saw the South Korean company accused of copying the iPhone's design, Bloomberg News reports. The two smartphone makers will make their arguments over $399 million awarded to Apple for patent infringement. The amount reportedly reflects the Samsung Group unit's profit from 11 of its phones that were found to have copied Apple's design features.

* Salesforce.com Inc. may not bid for Twitter Inc. after facing opposition from investors and executives, Bloomberg News reports. Twitter is now considering other options, including an increased focus on live video and the divestiture of certain assets, the sources familiar with the matter reportedly said.

Technology

* Samsung Electronics announced that it will ask its carrier and retail partners worldwide to suspend all sales and exchanges of the Galaxy Note 7 as it investigates new reports of devices catching fire following a global recall. The Samsung Group unit said in a statement that is coordinating with regulatory bodies to look into recently reported cases of overheating batteries on Galaxy Note 7 devices. Samsung also advised all Galaxy Note 7 owners to stop using their devices altogether and switch them off.

* Jeong Jae-chan, the chairman of South Korea's antitrust regulator, said the agency plans to scrutinize whether Google Inc.'s agreements with handset manufacturers on the company's Android software are anti-competitive, Reuters reports. The agency reportedly conducted a similar investigation in August but did not elaborate whether it would charge Google.

* IMAX Corp.'s first virtual-reality entertainment center in Europe is set to open by the end of the year in Manchester, U.K., Variety reports. The center will be installed at the Printworks multiplex in the city as part of a deal with European exhibitor Odeon and UCI Cinemas Group. IMAX’s first VR center is scheduled to open in Los Angeles in the coming weeks.

Internet & OTT

* Yahoo! Inc. disabled automatic email forwarding at the beginning of October, The Associated Press reports. Users who already had automatic forwarding set up before October are unaffected. However, users who want to leave Yahoo following recent news about hacking and surveillance are reportedly having trouble shifting to other services.

* Facebook Inc. launched a workplace version of its website and mobile app, Workplace by Facebook. The service offers, among other things, unlimited file, photo and video storage; unlimited team and project groups; live video streaming; single sign-on support; monitoring tools for IT teams; and one-on-one support for administrators.

* Netflix Inc. will premiere its first Brazilian original production "3%" on Nov. 25, Variety reports. The eight-episode series is reportedly based in a dystopic, near-future Brazil that is divided between progress and devastation.

The day ahead

Early morning futures indicators pointed to a lower opening for the U.S. market.

In Asia, the Hang Seng dropped 1.27% to 23,549.52, and the Nikkei 225 was up 0.98% to 17,024.76.

In Europe as of midday, the FTSE 100 was up 0.25% to 7,115.42, and the Euronext 100 rose 0.32% to 890.05.

On the macro front

NFIB Small Business Optimism Index and Redbook are out today.

Featured news

'Chicago Fire' season 5 debuts Oct. 11; Amazon orders horror anthology 'Lore': The latest installment of The Program Guide includes the Oct. 28 season debut of "Tracey Ullman's Show" on HBO and the Nov. 16 debut of the docu-series "Polar Bear Town" on Smithsonian Channel.

Data Dispatch: Banking on a new, live-action Disney: Disney is rolling out new live-action remakes of many of its beloved classics, and the strategy seems to be working.

M&A Replay: European deals through Oct. 7: Hutchison, Orange, Nokia: S&P Global Market Intelligence provides a wrap-up of European media and communications deal announcements, completions and updates from Sept. 30 to Oct. 7.

The week in OTT: Netflix CEO discusses China; Amazon greenlights horror show: Netflix CEO said at an event in New York that the likelihood of the streaming giant entering the Chinese market "doesn't look good," while Amazon.com greenlit an original horror anthology series, "Lore," based on a podcast of the same name.

The Daily Dose Europe: Facebook gets £11.3M UK tax credit; French software firm sues Apple: Facebook received an £11.3 million tax credit in the U.K. for future tax payments, while Apple is facing a French lawsuit over access to the App Store.

Featured research

Economics of Internet: State of Malaysian online video: Subscription: As with many Asian markets, Malaysia's demand for internet access exceeds the capabilities of its infrastructure. However, video-on-demand subscriptions continue to grow.

ultichannel Trends: Charter best positioned for ad windfall in final weeks of presidential race: With less than a month to go before Election Day, Charter has emerged as the multichannel provider likely to benefit the most due to its footprint across key Electoral College states, according to SNL Kagan’s assessment of political advertising.

Broadcast Investor: Analysis of nation's 3 major radio networks, 2016: Average unit ad rates rising slowly: Based on our updated analysis of the nation's three largest radio networks, syndicated news/talk shows and pre-programmed music formats averaged 13.7 minutes of ad time per hour in 2016 at an estimated $10.08 per 30-second ad spot, up 0.9% from $9.99 in 2015.

CAPITAL Letters: Attempting to gauge the impact of so-called 'Netflix taxes': It is difficult to quantify the impact of streaming taxes on subscription growth. I suspect there is always a bit of price elasticity in play, but streaming's inherent popularity suggests the tax impact could be minimal.

Research & Analysis: Pacific bank app users prefer technology to tellers: In the Pacific region of the U.S., consisting of California, Oregon, Washington, Hawaii and Alaska, mobile bank app users are embracing ATMs and smartphones for banking as traditional branches decline. And human branch attendants appear to be less important to bank app users in this region than in other parts of the country, according to S&P Global Market Intelligence’s 2016 Mobile Money survey.

Best of SNL: SNL Kagan research and analysis, editor's picks: Presenting the editor's top picks from SNL Kagan's exclusive research and analysis for the week ended Oct. 7.

The Daily Dose is updated as of 7 a.m. ET. Some external links may require a subscription.