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In the news: Apple gets denied, Knight Capital weighs offers, a settlement, fines and earnings

Headlines this morning include a judge refusing Apple's request to block sales of Samsung products, competing bids for Knight Capital Group, Amgen is getting close to settling some whistleblower suits, Toyota gets fined again and Sanderson Farms beats earnings estimates.

The consumer-electronics company's request to ban sales of some Samsung products in the U.S. was denied by a judge Monday. Judge Lucy Kolb said that while Apple (AAPL) may have lost customers and “downstream sales” it was not able to prove that those losses were due to patent infringement on the part of Samsung.

Knight Capital Group
The board of Knight Capital Group (KCG) is reportedly split between two bids for the company. Ovvers are on the table from Getco Holding Company LLC and Virtu Financial LLC. Getco's offer is a cash-and-stock deal that values Knight at about $1.8 billion while Virtu has an all-cash offer on the table that values the company at $3.20 per share, or about $1.6 billion. The Getco deal would create a new public company, while Virtu intends to take Knight private. Jefferies Group (JEF) which lead a rescue of the electronic trading firm over the summer and is a major investor in the company is helping finance the Getco bid, leaving other insiders to question Jefferies motives in the negotiations. Knight executes about 10% of U.S. equity trading volume.

The drug-maker is reportedly close to pleading guilty to charges of illegally marketing some of its drugs, The New York Times reported late Monday. There are reportedly 11 whistleblower cases involving the way the company marketed anemia drugs Aranesp and Epogen and Enbrel, which is used to treat psoriasis and rheumatoid arthritis. The company has set aside $780 million to settle the investigation and the Times' sources say the settlement will likely be close to that figure.

Toyota Motor
The National Highway Traffic Safety Administration fined Toyota $17.4 million for failing to report safety problems quickly. This is the fourth time the company has been fined in the last two years and is the largest fine allowed by law.

Sanderson Farms
Poultry producer Sanderson Farms (SAFM) reported earnings of 41 cents per share for the fourth quarter, beating estimates for 29 cents per share. Revenue in the period was $648.4 million, beating estimates for $630.7 million. The company's Chairman and CEO, Joe Sanderson Jr., said that increased poultry prices were partially offset by higher grain prices.


Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.