What to watch today: Stocks to rally, VP Pence meets on Mexico, and China's Xi heads to Russia
Apple is shutting down iTunes—here's what will happen to your music
Carole Ghosn, the wife of former Nissan Chairman Carlos Ghosn, accused Nissan of having her husband arrested in a conspiracy by the company's board to avoid a merger with French automaker Renault. with Fiat Chrysler , which would create the world's third-largest auto maker by production. The board is meeting again today. to host inclusion workshops for its employees after singer SZA said she was racially profiled at a Sephora in California.
Pivotal Software reported an adjusted loss of 3 cents per share, 2 cents smaller than expected. The applications software provider's revenue also beat estimates. However, Pivotal gave a lower-than-expected sales forecast for the full year. Ambarella earned an adjusted 1 cent per share for its latest quarter, compared to forecasts of a 5 cents per share loss. The chipmaker's revenue also beat estimates. Ambarella issued stronger than expected current quarter revenue guidance despite falling orders from China.
TiVo said an International Trade Commission judge had ruled that NBCUniversal parent Comcast had violated some of its patents. Comcast, however, pointed out that the judge found no violations in two of the three patents involved in the case and that it looks forward to the full commission's review of that remaining patent.
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