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The University of Wisconsin-Madison’s patent licensing body will not be able to extract triple damages from Apple as a jury weighs how much the iPhone maker must pay for using its microchip technology without permission, a U.S. judge ruled on Thursday. On Tuesday, a federal jury in Madison, Wisconsin said Apple Inc infringed a Wisconsin Alumni Research Foundation (WARF) patent which helps improve the performance of computer processors. With a
Last year, many tech IPOs enjoyed soaring valuations in their Wall Street debut, raining cash on the companies and their investors and boosting concerns about another Silicon Valley bubble. Now, the party is winding down, according to data analyzed by Reuters: Five of the 12 U.S.-based tech companies that went public this year, or 42 percent, priced their shares at a valuation below or nearly the same as their private
(Reuters) – Twitter Inc said it would pay new Executive Chairman Omid Kordestani an annual base salary of $50,000 and a one-time grant of options to buy 800,000 shares of the microblogging website operator. Kordestani’s appointment was a move by Twitter to allay concerns about Dorsey’s dual role as head of mobile payments company Square Inc. On Wednesday, Square filed for its long-expected initial public offering. Kordestani, 51, joined Google
For so many crucial investor queries, it seems, the answer is coming up 2%.
Bob Dudley has said that low oil prices are not all bad for the energy industry, as subsidies have been cut from petrol products around the world, which has resulted in fairer pricing.
“The likely timing gap between the oil price recovery and the subsequent increase in oilfield services activity in combination with a more conservative spending outlook from our customers is causing us to now take further action,” said Chief Executive Paal Kibsgaard said on a conference call. Schlumberger has already cut 20,000 jobs this year and scaled back spending in response to weak crude prices, moves that helped its third-quarter profit
Volkswagen (VOWG_p.DE) named Daimler manager Christine Hohmann-Dennhardt on Friday to the newly created post of board member for integrity and legal affairs, as it strives to recover from the scandal over its cheating of diesel emissions tests. Europe’s biggest carmaker said Hohmann-Dennhardt, who has held the same position at German rival Daimler (DAIGn.DE) since 2011, would start her new job on Jan. 1, 2016. VW also said group sales fell
U.S. manufacturing production fell for the second straight month in September as factories cranked out fewer appliances, computers, and electronics. Factory output declined 0.1 percent, the Federal Reserve …
The U.S. conglomerate, which is pulling back from financial services, also said third-quarter industrial revenue grew 4 percent, excluding the impact of foreign currency swings and acquisitions. The company maintained its profit forecast for its core industrials segment of $1.13 to $1.20 per share for the full year. On another positive note for shareholders, GE said it expects to retire as much as 7 percent of its outstanding floated shares
The offer, a vote of confidence in China’s economy by Alibaba’s Jack Ma, is the latest in a string of U.S.-listed Chinese companies being taken private by big shareholders. The e-commerce giant already owns 18.3 percent of Youku Tudou, having bought into the company in mid 2014 as part of its push into online video.
