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May 23- Four major Silicon Valley companies have formally agreed to pay $324.5 million to settle claims brought by employees accusing them of colluding not to poach each other's talent.
Stocks rose on Wednesday, as investors cheered the latest release from the Fed.
Some of the names on the move ahead of the open.
The company said it now expects a loss of 10- 12 cents per share on revenue of $683 million- $713 million for its seasonally weak fourth quarter. Intuit had previously forecast a loss of 2- 4 cents per share on revenue of $710 million to $720 million.
May 20- Intuit Inc reported a 20 percent jump in quarterly profit due to strong demand for its tax-preparation software TurboTax and accounting software QuickBooks. The company's net income rose to $984 million, or $3.39 per share, in the third quarter ended April 30 from $822 million, or $2.71 per share, a year earlier.
Check out which companies are making headlines after the bell Tuesday: Analog Device, Intuit & more.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
In the lawsuit, filed in 2012, eBay and Intuit Inc were accused of agreeing not to recruit each others' employees, the Justice Department said in a news release.
EBay has settled a lawsuit with the U.S. Justice Department by agreeing to stop making deals with other technology companies to not poach employees.
WASHINGTON, May 1- The online auction company eBay Inc has settled a lawsuit with the U.S. Justice Department by agreeing to refrain from making deals with other technology companies to not poach employees, according to court papers filed on Thursday.
After years of legal battling, four big tech companies will go on trial in May. They are accused of conspiring to keep their employees down.
Four major tech companies said witnesses should not be allowed to offer evidence that Steve Jobs was a "bully" during an upcoming hiring trial.
The "Fast Money" traders share their final trades of the day.
Marc Andreessen hit back at billionaire Carl Icahn, calling claims made by Icahn about his tenure on eBay's board "false and misleading."
EBay responded to Carl Icahn's recent letter to its shareholders accusing the company's board of putting their personal profits ahead of stockholders.
Carl Icahn excoriated eBay in an open letter, charging the online auction company of "multiple lapses in governance."
U.S. stocks fluctuated on Friday, with the Nasdaq Composite rising for the week.
Ssome of Friday's midday movers:
Brad Smith, Intuit president & CEO, discusses his company's move into cloud computing and how mobile technology has improved the tax industry. CNBC's Jon Fortt reports.
Check out which companies are making headlines after the bell Thursday: