The U.S. Supreme Court on Monday declined to hear Google Inc’s appeal in a major software copyright case, leaving intact a ruling that would allow Oracle Corp to charge licensing fees for the use of some of its Java programming language. The high court left in place a May 2014 ruling by the U.S. Court of Appeals for the Federal Circuit in favor of Oracle. Google had argued it should
Sysco is scrapping its proposed $3.5 billion buyout of US Foods after a Federal Trade Commission legal victory that temporarily blocked the deal to combine the two food-service companies. The FTC opposed …
Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer has offered the service only in the United States and Japan. Amazon Lending, founded in 2012, now plans to offer short-term working capital loans in other countries where it operates
General Electric Co. is selling its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corp. for $6.9 billion. GE Capital Fleet Services provides commercial car and truck financing …
Anxious Greek pensioners swarmed closed bank branches Monday in the hope of getting their pensions, while queues formed at ATMs as they gradually began dispensing cash again following the imposition of …
ATHENS/FRANKFURT (Reuters) – Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country’s bailout and savers queued to withdraw cash, taking Athens’ standoff with the European Union and the International Monetary Fund to a dangerous new level. Greece’s banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting
ATHENS/FRANKFURT (Reuters) – Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country’s bailout and savers queued to withdraw cash, taking Athens’ standoff with the European Union and the International Monetary Fund to a dangerous new level. There is growing opposition in some European countries to extending the ECB’s funding line.
Germany’s Volkswagen (VOWG_p.DE) plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday. “We will bring a budget-car family to market in 2018, with an SUV, saloon and hatchback,” Martin Winterkorn told Bild am Sonntag newspaper. Europe’s largest automaker had for years been pondering a budget car but difficulties in hitting internal
ATHENS/BRUSSELS (Reuters) – Germany all but buried negotiations on Saturday to keep Greece from default, saying a surprise decision by Greek Prime Minister Alexis Tsipras to call a referendum had left nothing to discuss but how to cope with failure. Worried the country could default and even leave the euro zone, some Greeks queued up at cash machines to withdraw funds, though there were no signs of panic in Athens.
Big business was on the winning side in the U.S. Supreme Court’s two major cases of the year, with hundreds of employers pushing hard in favor of gay marriage and the healthcare industry backing the insurance subsidies available under Obamacare. The court on Thursday rejected a conservative challenge to President Barack Obama’s healthcare law on a 6-3 vote and, a day later, ruled 5-4 that gay marriage should be legal