Jury leaves damages Samsung must pay Apple unchanged at $119.6 million
SAN JOSE, California (Reuters) – A U.S. jury on Monday left the total damages Samsung Electronics Co Ltd must pay Apple Inc unchanged at $119.6 million, after additional deliberations in a trial where the South Korean smartphone maker was found to have…
Another GM engineer linked to defective ignition switch retires
DETROIT (Reuters) – A General Motors Co engineer who oversaw an internal investigation of the defective ignition switch linked to at least 13 deaths retired on Monday.
U.S. attorney general says banks may face criminal cases soon
WASHINGTON (Reuters) – The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said in a video, adding that no company was “…
Boeing, backers to fight for funding for 22 Boeing jets
ST. LOUIS (Reuters) – Boeing Co and its supporters on Monday vowed to fight for $2.1 billion in funding for 22 EA-18G electronic attack planes in fiscal 2015 to keep the plane’s St. Louis production line running past 2016 and preserve 60,000 jobs aroun…
Boeing sees contract soon for 47 more F/A-18, EA-18G fighters
ST. LOUIS (Reuters) – Boeing Co has reached agreement with the U.S. Navy on a multibillion-dollar contract for 47 more F/A-18 fighter jets and EA-18G electronic attack planes funded in fiscal years 2013 and 2014, and is “very close” to signing a contra…
Pfizer sales way off mark as company pursues AstraZeneca
NEW YORK (Reuters) – Pfizer Inc reported quarterly revenue well below Wall Street expectations on falling sales of key brands and generic drugs, underscoring its interest in pursuing a $106 billion bid for rival AstraZeneca to promote new business grow…
Sotheby’s ends fight with Third Point, Loeb joins board
(Reuters) – Sotheby’s and Daniel Loeb on Monday ended their long-running battle and agreed to let the billionaire investor and two of his associates join the auction house’s board.
JPMorgan $280 million mortgage accord gets preliminary court approval
NEW YORK (Reuters) – JPMorgan Chase & Co has won preliminary approval from a U.S. judge for its agreement to pay $280 million to resolve claims that it misled investors in billions of dollars worth of mortgage-backed securities.
Service sector growth accelerates in April: ISM survey
NEW YORK (Reuters) – Growth in the U.S. services sector accelerated in April, rising at the fastest pace in eight months as new orders jumped and overall activity quickened by the most since early 2008, an industry report showed on Monday.
Buffett says Congress may look at tax-driven mergers: CNBC
NEW YORK (Reuters) – Berkshire Hathaway Inc Chairman and Chief Executive Officer Warren Buffett said on Monday that tax-driven mergers could attract the attention of Congress and would cause a “fight” in corporate America.
