Microsoft sues Samsung in U.S. over patent royalties
(Reuters) – Microsoft Corp sued Samsung Electronics Co Ltd on Friday, claiming the South Korean smartphone maker refused to make a royalty payment last fall on patent licenses after Microsoft announced its intention to acquire Nokia’s handset business….
Argentina to investigate if debt case biased by holdout speculation
BUENOS AIRES (Reuters) – Argentina’s economy ministry said on Friday it had asked the national securities watchdog to investigate whether litigation in the United States against the nation by holdouts was merely the “facade of speculative manoeuvre in …
Berkshire profit soars 41 pct to a record on investment gains
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high, reflecting substantial investment gains and improved results in manufacturing, service and retail businesses.
Allergan sues Valeant, Ackman for alleged insider trading
(Reuters) – Botox maker Allergan Inc on Friday accused rival Valeant Pharmaceuticals International and billionaire investor William Ackman of violating securities laws by using insider information as they prepared a takeover bid for the drug company.
U.S. job growth cools, unemployment rate rises
WASHINGTON (Reuters) – U.S. job growth slowed a bit in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.
U.S. auto sales fall short of expectations in July
DETROIT (Reuters) – Ford Motor Co and Toyota Motor Corp posted stronger-than-expected growth in U.S. auto sales in July but most manufacturers on Friday reported gains below expectations as several months of strong demand pushed optimism too high.
S&P 500 posts biggest weekly decline since 2012
NEW YORK (Reuters) – U.S. stocks ended lower for a second day and the S&P 500 posted its biggest weekly decline since 2012 on Friday as concerns over Argentina’s default continued to dog sentiment.
Exclusive: JPMorgan’s proposed $4.5 billion deal to be accepted for most trusts
NEW YORK (Reuters) – Trustees representing investors in JPMorgan Chase & Co’s $4.5 billion settlement over money-losing mortgage-backed securities are expected to accept the bank’s proposal for the vast majority of their trusts, according to a person familiar with the matter.
Apple $450 million e-book settlement wins court approval
NEW YORK (Reuters) – Apple Inc on Friday won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices.
Airbus, Boeing wide-body jet battle triggers warnings of oversupply
PARIS (Reuters) – Airbus’s summer sales campaign with the new A330neo airliner has triggered warnings of potential oversupply in the wide-body market and of a bruising price battle as the older-generation model undercuts rival Boeing’s 787 Dreamliner.
