TOP NEWS
*
Technology
*Apple Inc. is paying$25 million to resolve a patent-infringement lawsuit filed by Network-1Technologies, TheVerge.com reports.In the suit, Network-1 Technologies accused the iPhone maker of infringing apatent for a file system function.
*Alphabet Inc. unitGoogle Inc. will rollout its Android Skilling program in India to train 2 million developers for itsAndroid operating system, Bloomberg News reports.The program will reportedly be available for free across public and privateuniversities and training schools.
Internet & OTT
*Facebook Inc. istesting end-to-endencryption for its Facebook Messenger app. According to a poston its newsroom section, private messages, called "secretconversations," through the new feature can be seen only by the sender andreceiver, barring even Facebook from accessing it. Users can also set thelength of time a message is visible, similar to Snapchat's messaging feature.
Film & TV Programming
*Universal's "The Secret Life Of Pets" topped the domestic box officeby pulling in $103.2 million for the July 10 weekend, followed by Warner Bros.'"The Legend Of Tarzan" at No. 2 with $20.6 million, to 's "FindingDory" was No. 3 with $20.4 million, 20th Century Fox's "Mike And DaveNeed Wedding Dates" was No. 4 with $16.6 million, and Universal's"The Purge: Election Year" took the fifth spot with $11.7 million.
The day ahead
Earlymorning futures indicators pointed to a higher opening for the U.S. market.
InAsia, the Hang Seng rose 1.54% to 20,880.50, while the Nikkei 225 increased3.98% to 15,708.82. In Europe, around midday, the FTSE 100 was up 0.73% to6,638.48 and the Euronext 100 0.68% to 844.46.
On the macro front
TheLabor Market Conditions index is due out today.
Featured news
The Daily DoseEurope: Privacy Shield pact approved; EC to clear WIND-3 Italia deal:EU member states greenlit the revised EU-U.S. Privacy Shield pact, while theEuropean Commission is set to approve the proposed WIND-3 Italia merger.
MarketWeek:Comcast-Netflix partnership, M&A implications drive sectorstocks: ComcastCorp.'s unexpected partnership with and business strategiesat some other companies engaged in M&A drew investors' attention during theweek ended July 8.
The Mediator:KO of main event to test UFC's ultimate appeal: The latecancellation of its headline fight left the UFC scrambling to reshape its cardin the days before the July 9 event. The impact on its pay-per-view, commercialestablishment and brand appeal have yet to determined.
Data Dispatch:Apple still No. 1 as Amazon, Facebook face off in market caprankings: Amazon.comInc. and Facebook jockeyed for a fourth-place finish in a rankingof media and communications companies by market capitalization during the firsthalf of the year, while the sectors' top three leaders maintained theirpositions.
Best of SNL:Media & Comm, editor's picks: Take a look at the media andcommunications editor's top five picks for the week ended July 8.
Best of SNL:Media & Comm, most read: S&P Global Market Intelligencepresents the five most read media and communications articles for the weekended July 8.
WashingtonWatch: Fighting for a last word on privacy regulation: Companies,organizations and politicians jostled to get a last word in on the FCC'scontentious privacy proposal as the reply comment period came to a close thisweek.
Data Dispatch:Amid dearth of Q2 debt offerings in media, JP Morgan Securities keeps topadviser spot: The media, entertainment and new media sectorsremained relatively quiet in terms of capital offerings during the first halfof 2016.
Data Dispatch:Debt offerings from DISH, Charter units boost Deutsche Bank Securities to topof H1'16 adviser rankings: There was no shortage of debt offeringsfrom the communications sector during the first half of 2016, leading to ashakeup in debt adviser rankings between the first and second quarters.
Data Dispatch:Microsoft-LinkedIn deal drives H1'16 media M&A adviserrankings: Allen & Co. LLC, Morgan Stanley and Qatalyst PartnersLP ended the first half of 2016 in a three-way tie for top financial adviser onM&A in the media and new media industries, driven by their work onMicrosoft's pending acquisition of LinkedIn Corp.
Featured research
GlobalMultichannel: Cable Congress sees bright future for industry in Europe:At this year's Cable Congress, speakers painted a positive picture of theEuropean cable industry. The viability of eSports, competition withover-the-top services and Liberty Global's M&A plans were also hot topics.