Microsoft has won a long-running case in the US Supreme Court about the reach of US patent laws.
The court ruled that Microsoft was not liable in a software patent dispute involving US telecoms operator AT&T.
AT&T had sued Microsoft, alleging computers using Microsoft’s Windows operating system had breached its patent in voice compression software.
Microsoft accepted patent […]
The United States and the European Union are to sign up to a new transatlantic economic partnership at a summit in Washington.
The pact is designed to boost trade and investment by harmonising regulatory standards, laying the basis for a US-EU single market.
The two sides will sign an Open Skies deal, designed to reduce fares and […]
Yahoo! Inc., the most-visited U.S. Web site, plans to acquire the remaining stake in Right Media Inc. it doesn’t already own for $680 million in cash and stock, aiming to increase online advertising sales.
Right Media runs an online advertising auction site, Sunnyvale, California-based Yahoo said today in a statement distributed by Business Wire. Yahoo acquired […]
European stocks advanced, headed for the biggest monthly gain this year, after takeovers increased in the telecommunications industry and expectations of higher earnings lifted construction companies.
Telefonica SA rose after the Spanish phone company and a group of investors agreed to pay 4.1 billion euros ($5.6 billion) for a controlling stake in Telecom Italia SpA. Skanska […]
Turkey’s main stock index and its currency, the lira, have tumbled amid fears that the army will block the government’s pick for president.
The main ISE National 100 index lost 8% at the open, while the lira dropped as much as 4% in early trading.
The ISE National 100 share index fell 3745.18 points, or 8%, to […]
Oklahoma oilman Clayton Smart and two other men have been indicted by a Tennessee grand jury on allegations that they stole from cemetery trust funds, prosecutors said Friday.
Some $20 million set aside by 13,000 families to pay for burials and cemetery upkeep is gone, the Tennessee prosecutors say.
The indictments were released one day […]
A Dutch court has deferred until Thursday a crucial decision on whether banking group ABN Amro, the subject of a bid battle, can sell its US business.
Dutch investor VEB is trying to block the $21bn (15.4bn euro) sale of LaSalle to Bank of America, arguing this would be illegal without investor approval.
The outcome could be […]
Fitch has assigned a rating of ‘BB+’ to Interoceanica IV Finance Limited, a Peruvian securitization of government payment obligations in connection with parts of the IIRSA Sur toll road concession. The total aggregate amount of $562,437,825, issued in two zero-coupon series(2007-1 and 2007-2), will be indirectly used to cover the costs of expansion and improvements […]
Leading NBFC Sundaram Finance Ltd., which has over 2.5 lakh depositers, has announced that it has increased the interest rates by 150 basis points for 2 and 3 year Fixed Deposits (FD). The interest rates on 1 year FDs are up 100 basis points.
The revised interest rates are 9.5% for 1 year deposits, 10% for […]
US oil giant Chevron recorded profits for the first three months of the year that beat Wall Street forecasts, after earnings fell in the previous quarter.
The company cashed in on higher refining margins and fuel prices to earn $4.7bn (£2.35bn), up from $4bn in the same period last year.
This rise included a one-off gain from […]
