Business News

  • Tech Firms Back Obama Patent Move
    The White House announced executive actions by President Obama aimed at reining in certain patent-holding firms amid concerns the companies are abusing the system and disrupting competition.
  • KPMG Finds Safeguards 'Sound and Effective'
    KPMG is completing an internal review that is likely to result in only minor changes to the accounting firm’s controls in the wake of an insider-trading scandal.
  • Apple Faces Limited Ban on Products
    Samsung Electronics won a significant legal victory against Apple that threatens to halt the sale of some iPhones and iPads in the U.S.
  • Verizon Wireless Pads NFL Deal
    Verizon Wireless will pay $1 billion for rights to air more NFL games over its customers’ smartphones, betting big on changing viewer habits as Americans watch more of their favorite shows on screens other than TV.
  • Coke, Unilever Jump Into Myanmar
    Coke and Unilever will invest a total of nearly $1 billion in Myanmar over the next decade, marking the biggest commitments by Western multinationals in the Southeast Asian country.
  • San Miguel Considers Big Stake Sale
    Philippine group San Miguel is considering the sale of its stake in electricity producer Manila Electric, a holding valued at $3.4 billion.
  • Penguin CEO Testifies in Apple E-Book Trial
    David Shanks, CEO of Penguin publishing house, testified Tuesday in the Apple e-book antitrust trial that Apple and Penguin were far apart on many things, such as price caps.
  • German Auto Sales Fall Again
    Hopes of a nascent recovery in Europe’s auto market were dashed as new-car registrations in Germany fell nearly 10% last month, a worse-than-expected contraction after April’s uptick.
  • Dora, SpongeBob Jump to Amazon
    Amazon reached a deal with Viacom to stream “Dora the Explorer,” “SpongeBob” and other TV shows. The switch comes just days after Viacom’s licensing agreement with Netflix expired.

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