U.S. top court agrees to hear Samsung-Apple patent fight
(Reuters) – The U.S. Supreme Court on Monday stepped into the high-profile patent fight between the world’s two fiercest smartphone rivals, Apple and Samsung, agreeing to hear Samsung’s appeal of what it contends were excessive penalties for copying th…
Marriott wins back Sheraton-owner Starwood with new offer
(Reuters) – Starwood Hotels and Resorts Worldwide Inc , owner of the Sheraton and Westin brands, accepted a higher $13.6 billion acquisition offer from peer Marriott International Inc , spurning a bid from China’s Anbang Insurance Group.
Staples’ merger with Office Depot hangs in balance at court hearing
WASHINGTON (Reuters) – The fate of Staples Inc’s planned merger with Office Depot Inc , which U.S. antitrust regulators have sued to stop, depends in part on whether a district court judge decides that Amazon.com Inc will soon become a behemoth in the …
IHS to buy data provider Markit, combined company to base in UK
(Reuters) – U.S.-based IHS Inc agreed to buy Markit Ltd to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate tax rates are lower.
First Airbus aircraft produced in the U.S. takes maiden flight
PARIS (Reuters) – The first aircraft produced in the United States by European aerospace company Airbus took off from Mobile, Alabama on Monday and landed safely after a three-and-a-half hour flight, the Toulouse, France group said.
BNY Mellon to pay $3 million after Massachusetts probe of funds glitch
(Reuters) – Bank of New York Mellon Corp has agreed to pay $3 million in settling a state investigation into problems it faced in calculating net asset values on some 1,200 mutual funds last August, Massachusetts’ top securities regulator said on Monda…
OPEC’s Badri hopes for positive producer meeting in April, says Iran could join group later
VIENNA (Reuters) – Iran may join other oil producers planning to freeze production to support prices at a later date, OPEC’s secretary general said on Monday, since the country is seeking to raise its exports.
Health insurer Anthem sues Express Scripts over drug pricing
(Reuters) – Health insurer Anthem Inc said it had sued pharmacy benefit manager Express Scripts Holding Co to recover damages from drug pricing it believes was too high.
Fed’s Lockhart says rate hike possible at April meeting
SAVANNAH, Ga. (Reuters) – The United States may be in line for an interest rate hike as soon as April, Atlanta Fed President Dennis Lockhart said on Monday, another sign that policymakers are comfortable allowing U.S. monetary policy to diverge from ot…
Exclusive: China central bank to Fed: A little help, please?
WASHINGTON (Reuters) – Confronted with a plunge in its stock markets last year, China’s central bank swiftly reached out to the U.S. Federal Reserve, asking it to share its play book for dealing with Wall Street’s “Black Monday” crash of 1987.
