Top trending after-hours tickers on Yahoo Finance: Nordstrom (JWN): Shares fell after the retailer lowered its full-year guidance due to falling demand. CEO Erik Nordstrom wrote in the earnings release “customer traffic and demand decelerated significantly beginning late June, predominantly at Nordstrom Rack. We are adjusting our plans and taking action to navigate this dynamic in the short term.” For the second quarter, Nordstrom beat on both the top and bottom lines, posting adjusted… Source link
Read More »Nordstrom Settles Patent Suit After Yahoo’s $15M Trial Loss
By Lauren Berg (April 22, 2022, 6:26 PM EDT) — A California federal judge Friday signed off on an agreement dismissing Nordstrom Inc. from claims that it infringed Droplets Inc.’s patented technology for quickly updating web pages, just a month after Yahoo Inc. was hit with a $15 million infringement verdict over the same claims. U.S. District Judge Jon S. Tigar signed a stipulation noting that the small Texas company and the Seattle retail giant have settled the dispute and agreed… Source link
Read More »