Apple and Qualcomm bury the hatchet in royalties battle royal

Apple and American microchip manufacturer Qualcomm said Tuesday they have agreed to "dismiss all litigation" against each other worldwide in what had been a sprawling battle over royalty payments.The news sent Qualcomm's stock price soaring more than 23 percent on Wall Street, its best one-day performance in nearly 20 years.The deal includes a six-year license agreement with the option to extend for two years, and a payment to Qualcomm from Apple, the companies said.