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A software update for Apple Inc's iPod music player was not a product improvement, but was intended to improperly raise costs for consumers who wanted to switch to newer devices, an attorney for Apple customers said in court.

The U.S. Securities and Exchange Commission moved on Monday to dismiss insider-trading proceedings against a man accused of illegally trading in Herbalife.

Apache Corp was not in breach of contract in a lawsuit brought by Houston-based oil and gas producer W&T Offshore Inc in 2011, a federal jury found on Monday, according to a court filing.