Business News

  • U.S. Judge Denies Apple’s Ban Request
    A U.S. judge denied Apple’s request to seek a ban on the sale of some Samsung products in the U.S. and also denied Samsung’s request to seek a new trial, citing alleged juror misconduct.
  • Dilemma at Hon Hai
    Two years after a spate of suicides, workers at electronics manufacturer Foxconn’s China campuses are concerned about limits on overtime.
  • Apple’s iPhone 5 Sales Strong in China
    Apple said it sold two million iPhone 5 handsets in China following the smartphone’s Friday debut in the country, nearly equaling all iPhone 4S sales in the country during the third quarter.
  • FedEx Steers Cautious Course
    FedEx will report fiscal-second quarter earnings on Wednesday, when investors will get to see how its package-delivery volumes are holding up and how its restructuring plans are proceeding.
  • Morgan Stanley Fined Over Facebook IPO
    Massachusetts’ securities regulator fined Morgan Stanley $5 million over its handling of Facebook’s IPO, saying investment bankers had “improper influence” over the research analysts covering Facebook.
  • Twitter Creates New TV Metric
    Twitter said it is tying up with TV ratings giant Nielsen to create the “Nielsen Twitter TV Rating,” a new audience metric based on the popular microblogging service.
  • Hedge Fund Offers to Buy Compuware
    Elliot Management offered to buy the remaining stake in Compuware that the hedge fund doesn’t already own in a deal that values the software company at roughly $2.4 billion.
  • Apple in Talks With Foursquare
    Apple is in early discussions to integrate local data from Foursquare into its mapping application, as the company continues to build an arsenal of local data to try to take on Google.
  • Edison International Puts Unit Into Chapter 11
    Edison International’s wholesale-power unit, Edison Mission Energy, filed for Chapter 11 bankruptcy proceedings in an anticipated move that the parent company said would cost at least $1.5 billion.

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