Markets

Qualcomm won a US$31 million patent infringement case against Apple

During an eight-day trial, Qualcomm asked the jury to award it unpaid patent royalties of up to $1.41 per iPhone that violated the patents. According to CNET ,...


India's RCom pays Ericsson, says asset deal with Jio falls through

RCom, which owes a total 5.71 billion rupees to Ericsson, including a one-time settlement of 5.5 billion rupees and interest payments of 210 million rupees, had...


Trump wants GM CEO 'to do something quickly' to reopen Ohio plant

President Donald Trump stepped up his pressure on General Motors to reopen an OH manufacturing plant that recently closed and put 1,700 people out of work. "MUS...


Interserve set for administration after deleveraging plan rejected

The firm said the administration and sale is expected to be completed this evening and the business will continue to operate "as normal for customers and suppli...


Powerball jackpot close to $500M for Saturday's drawing

The cash value is $300.2 million. So, if you're hoping to see if you won big, keep in mind to tune in at 10:59 pm Eastern to watch the winning numbers being rea...


Cboe Suspends Bitcoin Futures Contract Amid Weak Trading Volume

As per the statement , Cboe Futures Exchange , LLC or CFE , which adds the contracts, is re-evaluating how to approach trading of digital assets. This week, ...


Economic Uncertainty Marks Oil Price

But oil demand has held up well so far. Summarizing Friday's performance was Phil Flynn , an analyst at Price Futures group: "The market is taking a pause ...


VW chief apologizes for evoking Nazi concentration camp slogan

Ebit is a measure of a company's profits, and is short for earnings before interest and taxes. Volkswagen CEO Herbert Diess has apologised for comments mad...


Jaguar Land Rover recalls 44K cars over emissions

The vehicle maker will contact owners to arrange repairs, a JLR spokeswoman said. Affected models include some 2.0-litre 2016 to 2018 Land Rover Discovery...


China's retail sales up 8.2 pct in Jan.-Feb

Data last week showed exports tumbled the most in three years in February, suggesting USA tariffs on Chinese goods and cooling global demand were taking a great...


SoftBank, Toyota in talks to invest $1B in Uber's self-driving unit

The investment group led by SoftBank, Uber's largest shareholder, would include other backers, and possibly at least one automaker, though their identities coul...


Hammond could have ended austerity earlier without Brexit

Britain's short-term economic growth forecast has been lowered and Brexit uncertainties continued to weigh on public spending, Chancellor of the Exchequer Phili...


Score pie deals on National Pi Day

Guests can buy one thin crust pizza and get a second one for $3.14, and members of the Pie Life loyalty club get a $2 reward for their next visit. BJ's Restau...


Aurora Cannabis shares higher after Peltz comes aboard

The Aurora deal gives Peltz the option to buy 19.96 million shares of the company at US$7.74. Peltz spoke about why he joined the Canadian marijuana business in...


Jury awards $29M in J&J baby powder cancer case

The ruling sets an obvious precedent for the pharma and consumer goods giant as it faces thousands of lawsuits from other plaintiffs for similar reasons . There...


Spotify CEO speaks out against Apple with dedicated microsite and video

Ek said that that should compete daily on merit, not based on who owns the App Store. In the US, Spotify covers these costs by charging people $12.99 per month ...


Nissan asking shareholders to vote to oust Ghosn as director

Japanese automaker Nissan is sending out notices to shareholders asking them to dismiss former Chairman Carlos Ghosn as a director at an April 8 shareholder...


Wells Fargo CEO's overtures earn bipartisan rebuke in fiery congressional hearing

Timothy Sloan testified in the House Financial Services Committee Hearing meant to hold "megabanks" accountable. At the hearing, Porter asked Sloan whom Congr...


Flight staff threaten to remove woman for 'inappropriate outfit'

The 22-year-old took to the Twitter platform to call out an airline identified as Thomas Cook, for almost kicking her off a plane because they considered her ...


Disney, Fox 21st Century to Merge Next Week

More on the report below. The move came after Mexico's telecommunications regulator, IFT, approved the Disney-Fox deal late Monday, according to Bloomberg New...


China customs lifts suspension on Tesla Model 3 imports

Based on the Model 3 platform, the Model Y is a cheaper, scaled-down version of the Tesla Model X SUV. China's customs authority has lifted its suspension o...


WTI Crude Oil and Natural Gas Forecast

In the Middle East, the United States aims to cut Iran's crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring impo...


Facebook's No. 3, Chris Cox, is leaving after privacy pivot

Two of Facebook's top executives are leaving the social network - a week after its boss Mark Zuckerberg announced a big strategic pivot toward private me...


Toyota Announced a $13 Billion Investment in the U.S.

The money for the Buffalo plant will allow for building expansion and additional equipment. The Rav4 hybrid will be made starting in January 2020 with an annu...


Elon Musk Reverses On Tesla Price Cuts

In a filing Monday night time, Musk's legal professionals stated Musk's tweet complied with the phrases of a September settlement agreement between the Tesla ...


Facebook struggles into day two of global outage

The company said it has fixed the glitch. "We're very sorry for the inconvenience and appreciate everyone's patience". According to the website Downdetector ...


S&P and Nasdaq higher, Dow lower

Chipmaker Nvidia Corp jumped after entering a $6.8 billion deal to buy Mellanox Technologies Ltd. Boeing Co fell 5.2% extending Monday's drop, as more count...


USA hiring outlook strong for second quarter: ManpowerGroup

Hick continues: "The Finance and Business Services sector employs around six million people and includes the likes of lawyers, bankers, architects and estate ag...


Police seek four suspects in bitcoin fraud investigation

Cybercrime Team (CPS) is investigating a series of fraudulent crimes with Bitcoin ATMs that resulted in the Canadian blockchain company incurring a loss of 19...


FCA Recalls Nearly 900000 Vehicles In the U.S

Fiat Chrysler said in a statement the EPA announcement "has no safety implications". These include the 2011 to 2014 Chrysler 200 , Dodge Avenger, 2011 to 2...


Powerball soars to almost $500 million

The Powerball jackpot is nearing half a billion dollars and Missouri has a little bit of lady luck on its side. The cash value lump sum is an estimated $300.2 m...


Celebrating Pi Day? Pizza company offering $3.14 deal on Thursday

Ready to dig in? Papa John's : Buy one pizza at regular price, get one free at participating locations for a limited time with this code . Valid for in-r...


Dollar pulls back from nine-day low as pound's rally tapers off

Its shares retreated for part of the session after first Canada and then the United States said they were grounding 737 MAX jets, following steps already taken ...


Inflation remains tame in February

The Consumer Price Index (CPI), the government's primary inflation gauge, rose 0.2 percent in February after being flat the month before. The retail infla...


Oil rises to $67 on cuts to Saudi, Venezuelan exports

Saudi Arabia has voluntarily cut its supply by more than the deal requires and in April will keep output well below 10 million barrels per day (bpd), the Saudi...


Flights canceled at Orlando International Airport as feds ground 737 Max fleet

The Directorate General of Civil Aviation (DGCA) late on Tuesday ordered " grounding the Boeing 737-MAX planes immediately" after aviation authorities across...


Verizon Discloses Pricing for Its First 5G Mobile Service

Good news, Verizon, the exclusive 5G carrier of the Moto Z3, is opening pre-orders at a much more reasonable $50 (about £38, AU$70), and 5G plans start at an ex...


VW vows to build 22-million electric cars over next decade

German automaker Volkswagen is saying it plans to ramp up its production of electric vehicles over the next ten years to 22-million and reduce its carbon footpr...


Dick's Sporting Goods to stop selling hunting rifles, ammunition at 125 stores

The in-store sections will be replaced with "merchandise categories that can drive growth", he said. Dick's had previously removed assault-style weapons at some...


No tariffs for Irish goods entering NI in no-deal Brexit

What next for Theresa May , the beleaguered British prime minister whose Brexit deal was again crushed by parliament on Tuesday evening? This is a breaking...


Viral tweet about 'sad' dad's doughnut shop makes business boom

Now, after being retweeted more than 334,000 times and like more than 748, 000 times, Billy's dad (who named the shop after his son *tear*) has a new problem:...


Honda recalls 83,977 vehicles in Canada

These vehicles were already part of the largest and most complex automotive recall in USA history, covering at least 50 million Takata airbag inflators in 37 mi...


FDA lifts import ban for genetically modified salmon eggs

The Food and Drug Administration said it lifted its import ban that had prevented AquaBounty from importing its salmon eggs to its IN facility, where they w...


Nissan to end Sunderland production of luxury Infiniti brand

The move comes as Infiniti seeks to divert its resources to markets with bigger opportunities, such as China and the United States, from a region where non-Euro...


Renault in talks over new alliance body with Nissan and Mitsubishi

He declined comment on whether Ghosn, who remains on Renault's board, will be allowed to attend its meetings even if he is able to leave Japan. "We are foster...


Woman Wins The Lottery 30 Times In One Day

On February 11, 2019, that person was Deborah Brown. The number on the tickets came up, and she won them all. That night, the winning numbers were 1-0-3-1. She ...


IEA sees U.S. leading global oil supply growth to 2024

At 11:22 GMT, May WTI crude oil is trading $57.63, up $0.51 or +0.89% and May Brent crude oil is at $67.14, up $0.56 or +0.85%. Saudi Energy Minister Khal...


Facebook Temporarily Removed Elizabeth Warren Ads Urging Breakup Of Tech Giants

The proposal is part of Warren's recent announcement to "unwind anti-competitive mergers", such as Amazon with Whole Foods and Facebook with Instagram. ...


Theresa May: Changes mean Brexit backstop 'cannot become permanent arrangement'

The President of the European Council, Donald Tusk, has hinted that the United Kingdom should consider staying in the European Union after Prime Minister May's ...


Trump Budget Going Nowhere on Capitol Hill

If all the administration's recommendations were carried out, deficits would gradually decline from $1.1 trillion in fiscal 2020 to $202 billion in fiscal 2029....