FLASH NEWS
Apple $AAPL Apple is set to ask a federal judge to dismiss a US Justice Department case accusing the company of monopolizing the smartphone market. The case claims that Apple's restrictions on third-party apps and devices stifle competition, but Apple says the restrictions are reasonable and necessary for innovation.

Alibaba $BABA Alibaba has raised $5 billion in dual-currency bonds, China's biggest e-commerce company said on Wednesday, the biggest deal of its kind in the Asia-Pacific region this year.

Qualcomm $QCOM Qualcomm said it was "positive" about the incoming administration of President-elect Donald Trump and was not concerned that proposed US tariffs on China would dampen its business in the country that generates nearly half of its revenue.