Ericsson extends patent suits against Apple to Europe
Swedish telecom equipment maker Ericsson has filed lawsuits in Germany, Britain and the Netherlands against Apple over technology license payments, Ericsson said on Friday, extending a U.S. battle between the firms to Europe. Ericsson said it had offered to enter into arbitration with Apple to reach a global licensing agreement for its patents, but that offer had now expired. “Apple continues to profit from Ericsson’s technology without having a valid
By John Ruwitch SHANGHAI (Reuters) – When Alibaba Group Holding Ltd’s eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company’s leaders born in the 1960s would soon retreat from management. On Thursday, that transition at the e-commerce behemoth appeared complete as Ma trumpeted the appointment of a fresh chief executive, Daniel Zhang, born
General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity. The No. 1 U.S. automaker said in its annual sustainability report that lower gasoline prices and a “surge” in model offerings from all automakers contributed to the lower-than-expected sales for electrified products, including plug-in hybrids, pure electric vehicles and vehicles with
By Nivedita Bhattacharjee and Sumeet Chatterjee MUMBAI (Reuters) – Alibaba Group Holding is in talks with India’s Micromax Informatics to buy an about 20 percent stake in the smartphone maker, helping the Chinese e-commerce giant expand in one of the world’s fastest growing markets for the devices, several people with direct knowledge of the matter said. The deal, if completed, would see Alibaba investing as much as $1.2 billion in
Microsoft Corp currently is not weighing an offer for Salesforce.com Inc , two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company. Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid for Salesforce after the latter was approached by another unnamed would-be buyer. Microsoft considers Salesforce’s current
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April’s 223,000 nonfarm payrolls were strong enough to signal a rebound, but weak enough to hold off Fed rate hikes until the second half of the year.
Sports shoe maker Nike Inc put its weight behind President Barack Obama’s push for a trade deal with Asian countries on Friday with a promise to create up to 10,000 U.S.-based manufacturing jobs if the pact is approved. In an announcement coinciding with a visit by Obama to Nike’s Oregon headquarters, the company said footwear tariff relief within the proposed 12-nation Trans Pacific Partnership trade agreement would allow it to
Tesla is already building a 5-million-square-foot battery factory. Anyone can go online and place a reservation, years in advance, with no money down and no commitment to buy.
For individual investors, it’s time to steer clear of the market, warns the Head of equity trading at Wedbush Securities.
