(Reuters) – Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a years long patent dispute, according to a filing the U.S. District Court for the Northern District of California. The terms of the settlement were not disclosed in the court filing.
Below is the text of the letter Justice Anthony Kennedy sent to President Donald Trump announcing his retirement from the U.S. Supreme Court. This letter is a respectful and formal notification of my decision, effective July 31 of this year, to end my regular active status as an Associate Justice of the Supreme Court, while continuing to serve in a senior status, as provided in 28 U.S.C 371 (b). Please permit me by this letter to express my profound gratitude for having had the privilege to seek in each case how best to know, interpret, and defend the …read more […]
One analyst believes that the sale of the Trans Mountain Pipeline is a sign of more good things to come. …read more […]
SEATTLE (Reuters) – Three of the largest engine makers face a Wednesday deadline to provide Boeing Co with formal proposals for how they would power the planemaker’s possible new mid-market jet, an aviation magazine reported.
(Reuters) – A mini rally in U.S. stocks, sparked by a U.S. move to ease its stance on curbing Chinese investments in American technologies, ran out of steam in afternoon trading on Wednesday, but a jump in oil prices helped prop markets.
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach than imposing China-specific investment restrictions.
(Reuters) – Lyft Inc said on Wednesday it raised $600 million in a new funding round led by Fidelity Management, doubling the ride-hailing firm’s valuation to $15.1 billion in little over a year.
(Reuters) – Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion, trying to grab a bigger share of the fast-growing snack and frozen food markets amid fierce competition in the packaged food industry.
(Reuters) – Truck maker Volvo AB and package delivery company FedEx Corp said on Wednesday they have begun public U.S. testing of “platooning” technology, which allows digitally-connected semi trucks to save fuel by driving closely together in convoy, on a highway in North Carolina.
Microsoft today launched two new Azure regions in China. These new regions, …read more […]
NEW YORK (Reuters) – The rise of a key U.S. overnight interest rate has raised speculation that higher bank borrowing costs will force the Federal Reserve to stop shrinking its balance sheet sooner than planned.
WASHINGTON (Reuters) – Walt Disney Co has won U.S. antitrust approval to buy most of Twenty-First Century Fox Inc’s assets for $71.3 billion on the condition that it sell 22 regional sports networks, the Justice Department said on Wednesday.
It was another day of bad news for Intel Corp. on Wednesday, as a new data point suggests that it may lose Apple Inc.’s modem business, according to a note from Northland analyst Gus Richard. Richard, who rates the stock the equivalent of a sell, wrote that MediaTek Inc., which manufactures modems, might displace Intel for the product at Apple, which he says has been rumored to be working on their own modem. Apple is already planning to phase out Intel chips in Mac computers as soon as 2020, people familiar with the plans said in April. …read more […]
WASHINGTON (Reuters) – New orders for U.S.-made capital goods and shipments unexpectedly fell in May, but upward revisions to data for the prior month pointed to moderate growth in business spending on equipment in the second quarter.
The recent two-day gain coincides with GE’s first two days of not being listed on the Dow Jones industrial average in 111 years. It also comes on the heels of GE’s announcement of a massive corporate reorganization. …read more […]
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