This Morning's Top Financial Stories
Good morning, Fools! Let's dig into this morning's news.
Samsung adds iPhone 5 to lawsuits against Apple
Samsung has announced that it will add Apple's (NAS: AAPL) iPhone 5 to its U.S. patent lawsuits against the technology behemoth, Reuters reported this morning.
"Based on information currently available, Samsung expects that the iPhone 5 will infringe the asserted Samsung patents-in-suit in the same way as the other accused iPhone models," Reuters quoted Samsung as saying in a court filing.
Nike launches $8 billion repurchase program
Nike's (NYS: NKE) board of directors has approved a plan to buy back $8 billion in common stock, The Associated Press reported today. The company is already participating in a $5 billion repurchase program, which will be complete in Nike's second quarter; the new program will begin after the current one ends.
Starbucks announces single-serve coffeemaker
Starbucks (NAS: SBUX) has begun its foray into the single-cup coffeemaker space with the Verismo, The New York Times reported today. The machine will also allow its users to infuse their coffee with real milk, using a "milk pod" also developed by Starbucks, the Times reports.
"There's no other single-cup machine that makes a latte with fresh milk just like we make it in our stores," the Times quoted CEO Howard Schultz as saying.
The article This Morning's Top Financial Stories originally appeared on Fool.com.Hope Nelson-Pope is managing news editor at The Motley Fool and owns shares of Apple and Starbucks. The Motley Fool owns shares of Apple and Starbucks. Motley Fool newsletter services have recommended buying shares of Nike, Apple, and Starbucks. Motley Fool newsletter services have recommended creating a diagonal call position in Nike. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Motley Fool newsletter services have recommended writing covered calls on Starbucks. The Motley Fool has a disclosure policy.
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