(Reuters) – A U.S. federal judge has issued a preliminary ruling that Qualcomm Inc owes Apple Inc nearly $1 billion in patent royalty rebate payments, though the decision is unlikely to result in Qualcomm writing a check to Apple because of other developments in the dispute. Judge Gonzalo Curiel of the U.S. District Court for […]
WASHINGTON (Reuters) – A summit to seal a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping will not happen at the end of March as previously discussed because more work is needed in U.S.-China negotiations, Treasury Secretary Steven Mnuchin said on Thursday. Mnuchin, speaking to reporters following a U.S. Senate Finance […]
NEW YORK (Reuters) – A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits from derivatives trading. U.S. District Judge Analisa Torres rejected racketeering and antitrust claims by the lead plaintiff, the Fire […]
WASHINGTON (Reuters) – The United States is considering imposing financial sanctions that could prohibit Visa, Mastercard and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. The move, which has not been finalized, would be a significant ratcheting up of pressure on the government of President Nicolas Maduro […]
SAO PAULO (Reuters) – Goldman Sachs Group is changing its management in Brazil and getting rid of the post of local chief executive officer, the bank said in a statement on Thursday. Latin America co-heads Gonzalo Garcia and Ram Sundaram announced that current CEO Maria Silvia Marques will become the chair of the bank’s consultative […]
A MOTION to seek a Brexit extension has been passed by British MPs by a majority of 210 votes this evening. The British Government’s amendment was passed by 412 yes votes to 202 no votes in the House of Commons. An earlier motion to extend Article 50 to hold a second referendum was rejected by […]
A changing of the guard is underway at People magazine under its new ownership. Jess Cagle is stepping down after a five-year run as editor in chief. Taking his place at the publication known for its mix of celebrity news, royal gossip and heartwarming or salacious stories about ordinary Americans will be Dan Wakeford, a […]
Imagine if you could do an extra hour’s work, then immediately get the cash. If you could finish your morning, get paid during lunch, then go back for the afternoon. Well that’s exactly what one firm has just let its employees do – moving from bi-weekly wages to letting people "cash out" at the tap […]
Cineworld has reported a surge in annual profits – the first covering its takeover of US-based Regal Entertainment which enjoyed record box office results. Cineworld became the second-largest cinema chain in the world when it completed the £2.7bn deal in February last year. The group made a pre-tax profit of 349 million US dollars (£262.2 […]
BEIJING (Reuters) – China’s customs authority has lifted its suspension on imports of Tesla’s Model 3, an official in the authority’s news department told Reuters on Thursday. “We can confirm that the warning notice on Tesla has been canceled,” said the official, who only gave his surname as Tao. Tesla declined to comment. Two sources […]