NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc was handed a mixed ruling by a U.S. appeals court in the latest twist in a blockbuster intellectual property battle with Samsung Electronics Co Ltd , as a prior patent infringement verdict was upheld but a trademark finding that the iPhone’s appearance could be protected was thrown out. In the highly anticipated ruling stemming from the global smartphone wars, the Federal Circuit in
By Christine Kim SEOUL (Reuters) – The founder of Alibaba Group Holdings Ltd on Tuesday called “regrettable” a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters. Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday, accusing it of knowingly
Goldman Sachs analysts believe the S&P may climb a bit higher before its ascent is over at least for the next 12 months.
U.S. homebuilders ramped up construction in April to the fastest pace in nearly seven-and-a-half years, providing newfound momentum for an economy that has struggled in recent months.
UPS has agreed to pay $25 million to settle allegations that it submitted false claims to the U.S. government, according court documents unsealed on Tuesday. United Parcel Service Inc, known as UPS, allegedly …
Wal-Mart Stores the world’s largest retailer, posted first-quarter earnings that missed analysts’ estimates after currency fluctuations ate into profit.
Investment banking revenues in the second quarter for eight of the top banks could fall 15 percent from the previous quarter, as income from rates trading tumbles, JPMorgan analysts said on Tuesday. “We are witnessing a slowdown in investment banking revenues in the second quarter 2015, potentially more than normal seasonality, driven by weakness in rates following a strong first quarter performance” the analysts wrote in a note to clients.
Greek government officials are insisting that a deal with lenders over reforms is imminent, but Greece needs to implement reforms fast.
Wal-Mart forecast second-quarter earnings of $1.06-$1.18 per share, largely below the average analyst estimate of $1.17. “Based on recent surveys, we know that many of our U.S. customers are using their tax refunds and the extra money from lower gas prices to pay down debt or put it into saving,” CEO Doug McMillon said in a statement. Wal-Mart said in February it would invest $1 billion to increase wages and
Stronger-than-expected housing data also suggested that the Federal Reserve could have room to raise interest rates sooner rather than later. A stream of weak economic data through last week suggested that Fed would wait to see more strength in the economy before raising rates. Seven of the 10 major S&P 500 sectors were down, with the energy index (.SPNY) weighing the most with a 1.04 percent fall.