U.S. jury awards Apple $290 million in retrial against Samsung
SAN JOSE, California (Reuters) – A U.S. jury awarded Apple Inc about $290 million in a damages retrial against Samsung Electronics Co Ltd, restoring a large chunk of a historic verdict the iPhone maker won last year.
Judge denies bankruptcy protection for OGX foreign units
RIO DE JANEIRO (Reuters) – A Brazilian judge on Thursday denied bankruptcy protection for the foreign subsidiaries of OGX in a decision that may complicate the recovery of the oil company, which is controlled by former billionaire Eike Batista.
Sears CEO sees room to close more stores
NEW YORK (Reuters) – U.S. retailer Sears Holdings Corp , which has been struggling to generate cash from its operations, sees room to close more stores next year, Chief Executive Edward Lampert said on Thursday.
Exclusive: Party City preparing for early 2014 IPO: sources
NEW YORK (Reuters) – Party City Holdings Inc, the largest U.S. party goods retailer acquired just over a year ago by buyout firm Thomas H. Lee Partners LP for $2.69 billion, is preparing for an initial public offering, according to people familiar with…
Loeb reveals $1 billion-plus stake in Japan’s SoftBank
(Reuters) – Hedge fund manager Daniel Loeb on Thursday disclosed a $1 billion-plus stake in Japan’s SoftBank Corp at an investment conference, while another top money manager warned in an interview of the “bubble-like” conditions of some stocks.
Magellan sees heavy demand for U.S. Gulf condensate splitters
HOUSTON (Reuters) – The U.S. Gulf Coast may need more than half a dozen facilities to turn condensate – a very light form of crude oil – into exportable products and handle a growing glut of output from the Eagle Ford field in Texas, Magellan Midstream…
Exclusive: JPMorgan’s legal troubles weigh on employee pay: sources
(Reuters) – JPMorgan Chase & Co plans to keep overall compensation per employee roughly flat this year from last year, lagging gains at rivals, as the bank’s massive legal settlements weigh on its results, two sources familiar with the matter said.
Fed officials signal next policy battle: rate guidance
ROGERS, Ark./ASHEBORO, NC (Reuters) – As the Federal Reserve nears a decision to pare its bond-buying program, top policymakers on Thursday turned to a new monetary policy battlefront: a growing debate over how the Fed should signal the timing of event…
Tips flowed to Steven Cohen’s ‘right-hand man,’ witness says
NEW YORK (Reuters) – A former analyst testified Thursday how secret information traveled among members of what prosecutors have called a “corrupt circle,” before making its way to SAC Capital Advisors portfolio manager Michael Steinberg, who is on tria…
Gap reports higher profit, sticks to forecast
(Reuters) – Gap Inc on Thursday reported a better-than-expected 9 percent rise in profit, helped by modest sales gains, and stuck to its profit forecast for the year.
