Nokia could decide to keep navigation unit: chairman
Telecom network equipment maker Nokia could decide not to sell its navigation business HERE when it has completed a review of the unit, its chairman said. The Finnish company last month confirmed it was considering a possible divestment of the business after announcing an all-share take-over of network gear rival Alcatel-Lucent. Nokia Chairman Risto Siilasmaa, however, on Tuesday said there was no predetermined outcome of the review, adding that the
(Reuters) – JetBlue Airways Corp and Amazon.com Inc have agreed to stream television, movies and music from the Internet retailer in-flight, broadening travelers’ entertainment options, the companies said Tuesday. The service will be available on a majority of JetBlue’s aircraft this year via the airline’s free Wifi, so passengers can use their laptops and mobile devices. Travelers can rent or buy titles from Amazon, or stream content at no extra
(Reuters) – Motorola Mobility said a U.S. jury ordered the company to pay $10.2 million in damages for using Fujifilm Corp’s patented technology in its phones without permission. Fujifilm Corp, a subsidiary of Tokyo-based Fujifilm Holdings Corp, sued Motorola in 2012, accusing the company of infringing three of its patents on digital camera functions and a fourth patent relating to transmitting data over a wireless connection such as Bluetooth. The
Bob Iger will not rule out future acquisitions of intellectual property, but said Disney currently has a great hand with Star Wars, Marvel and Pixar.
In April, U.S. equity mutual funds and ETFs saw their biggest outflows since October 2008. But pro traders say that’s actually a bullish sign.
Government-controlled mortgage finance firm Freddie Mac on Tuesday said it will cut a check to the U.S. Treasury for $746 million, its smallest dividend to taxpayers since 2009. Freddie Mac reported a first quarter profit of $524 million, up from $227 million in the fourth quarter. The firm, along with competitor Fannie Mae, was bailed out by U.S. taxpayers in 2008 when a housing slump and financial crisis left it
The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter. The deficit …
With speculation rife over how long Saudi Arabia is content to see oil prices slump, the country’s oil minister said only Allah knows about prices.
Walt Disney Co. reported second-quarter profit that beat analysts’ estimates, bolstered by improving results at its theme-park and merchandise units in a period that lacked a major movie blockbuster. Earnings …
ATHENS (Reuters) – Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a phone conversation on Monday night to discuss ongoing talks with international creditors, a Greek government …
