Nike and Apple Settle Class Action Lawsuit for FuelBand

Apple and Nike have reached a settlement in class action lawsuit filed against the companies for misleading advertising related to fitness tracker FuelBand. As a settlement, Nike will make a payment of $15 to each customer of FuelBand. Consumers can also opt for $25 gift credit from Nike.

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U.S. Markets close strong; Nasdaq at 15-year high

The stock markets closed higher on Friday as new technology market barometer Nasdaq touched 15 year high. The S&P 500 and Dow Jones also gained as the U.S. dollar recovered after the Federal Reserve policy led to quick fall during the week.

The Nasdaq biotech index gained 0.5 percent... read more

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