BMW’s new Chief Executive Harald Krueger plans to overhaul the carmaker’s strategy to make it fit for the digital future of driving, he said on Tuesday. BMW teamed up with Germany’s other two premium carmakers to buy Nokia’s high-definition mapping business for 2.5 billion euros ($2.7 billion) this week to protect its access to key technology for connected and self-driving cars. At this stage it is still too early to
(Reuters) – A federal appeals court on Tuesday ordered a reduction in the $1.54 billion damages award that Marvell Technology Group Ltd was ordered to pay Carnegie Mellon University for infringing two hard disk drive patents held by the school. The U.S. Court of Appeals for the Federal Circuit upheld a lower court finding that the patents were infringed, but said “enhanced damages” that boosted a $1.17 billion jury verdict
(Reuters) – A federal appeals court on Tuesday ordered a reduction in the $1.54 billion damages award that Marvell Technology Group Ltd was ordered to pay Carnegie Mellon University for infringing two hard disk drive patents held by the school. The U.S. Court of Appeals for the Federal Circuit upheld a lower court finding that the patents were infringed, but said “enhanced damages” that boosted a $1.17 billion jury verdict
(Reuters) – Sprint Corp’s quarterly revenue fell 8.7 percent as revenue from its wireless business declined, and new and existing customers opted for its installment plans. Sprint, which is 80 percent owned by Japan’s SoftBank Corp , said net operating revenue fell to $8.03 billion from $8.79 billion.
(Reuters) – Sprint Corp’s quarterly revenue fell 8.7 percent as revenue from its wireless business declined, and new and existing customers opted for its installment plans. Sprint, which is 80 percent owned by Japan’s SoftBank Corp , said net operating revenue fell to $8.03 billion from $8.79 billion.
Puerto Rico’s debt crisis is deepening after the commonwealth defaulted for the first time. Here’s what you need to know.
Puerto Rico’s debt crisis is deepening after the commonwealth defaulted for the first time. Here’s what you need to know.
When the Fed hikes interest rates for the first time since 2006, here’s why stocks could suffer a major decline, strategist Komal Sri-Kumar says.
When the Fed hikes interest rates for the first time since 2006, here’s why stocks could suffer a major decline, strategist Komal Sri-Kumar says.
Hedge fund manager David Einhorn affirmed his approach after July losses tied to Consol Energy Inc., SunEdison Inc. and gold fueled his worst monthly performance since 2008. “The overall market environment has become acutely unfavorable for our investment strategy,” Einhorn said Tuesday in a conference call discussing results at Greenlight Capital Re Ltd., the reinsurer where he is chairman. Einhorn said the investment portfolio dropped about 5.9 percent in July