Business
Mining titans propping up ASX; Tech stocks, NAB battered – The Sydney Morning Herald
The ASX200 slipped at Thursday’s open on weakness across the technology and financial sectors, though BHP, Rio Tinto, and Fortescue Metals helped limit losses.
Aerial mapping provider Nearmap said it will vigorously defend itself against legal action by a US rival accusing it of patent infringement.
Shares in the company were down 14.4 per cent at $2.02 in early trade after it emerged from yesterdays trading halt.
Eagleview, which dominates the US market for aerial mapping, has commenced legal action in the US District Court in Utah, alleging Nearmap has infringed its patents relating to aerial roof reports – a lucrative market in the US.
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