Samsung Elec sues Huawei in China for patent infringement
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd said on Friday it sued smartphone rival Huawei Technologies Co Ltd [HWT.UL] for patent infringements through multiple courts in China, escalating a legal conflict between the two companies.
Boeing warns of more than $2 billion in charges, shares drop
(Reuters) – Boeing Co’s second-quarter results will include more than $2 billion in charges related to the 787, 747 and KC-46 tanker aircraft programs, the aerospace and defense company said on Thursday.
Intel, transports sap Wall Street’s strength
(Reuters) – Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a U.S. corporate earnings season that has been better than feared.
Judge shrinks Madoff trustee $905 million lawsuit versus Florida firm
NEW YORK (Reuters) – A federal bankruptcy judge on Thursday narrowed a $905 million lawsuit filed by the trustee seeking money for Bernard Madoff’s victims against executives who ran a now-defunct Florida accounting firm that had close ties to the swin…
Chipotle sales miss as food freebies fail to lure diners
(Reuters) – Chipotle Mexican Grill Inc reported a bigger-than-expected drop in quarterly comparable sales as food giveaways and enhanced safety measures failed to bring back diners shaken by a string of food-borne illnesses last year.
Starbucks cafe sales miss targets as growth cools, stock falls
(Reuters) – Starbucks Corp reported that quarterly cafe sales growth fell short of expectations in all major markets as the number of customer visits slowed, sending its shares down 3 percent on Thursday.
Aeropostale to challenge Sycamore’s status as creditor
(Reuters) – U.S. teen retailer Aeropostale Inc plans to challenge in court private equity firm Sycamore Partners’ claims as a creditor in its bankruptcy, according to a transcript from a court hearing held this week that was seen by Reuters.
Visa profit tops estimates; sets $5 billion buyback
(Reuters) – Visa Inc , the world’s largest payments network operator, reported a higher-than-expected quarterly profit and announced a $5 billion share buyback program.
Arab-American bias lawsuit against JPMorgan can proceed: U.S. judge
NEW YORK (Reuters) – An Arab-American family whose business and personal bank accounts were closed in 2014 without explanation can sue JPMorgan Chase for racial discrimination, a federal judge in Detroit has ruled.
GM says it may recall 4.3 million vehicles over Takata air bags
WASHINGTON (Reuters) – General Motors Co said on Thursday it may be forced by U.S. regulators to recall another 4.3 million vehicles for potentially defective Takata air bag inflators, a call-back that would cost the U.S. automaker $550 million.
