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Apple sues Qualcomm in Beijing seeking 1 billion yuan

By Diane Bartz WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing's Intellectual Property Court said in a statement on Wednesday. Apple also filed a second lawsuit against Qualcomm which accused it …

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Apple sues Qualcomm in Beijing seeking 1 billion yuan

BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent. State Street is the world's No. 2 custody bank with $28.8 trillion in assets under custody and administration.

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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

Cuban trade delegation visits U.S. as Trump ponders detente

A Cuban trade delegation arrived in the United States this week to visit four states and six ports, even as the Trump administration pondered what to do with a fragile detente initiated…

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Cuban trade delegation visits U.S. as Trump ponders detente

Boeing sets cash flow record, lifts 2017 forecast for jet output

(Reuters) – Boeing Co said on Wednesday it expects to deliver between 760 and 765 commercial aircraft in 2017, topping 748 deliveries in 2016. The world's biggest maker of jetliners said it expects 2017 core earnings, which exclude some pension and other costs, of between $9.10 and $9.30 per share on revenue of $90.5 billion to $92.5 billion. Boeing forecast operating cash flow of about $

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Boeing sets cash flow record, lifts 2017 forecast for jet output

Cisco to buy AppDynamics for $3.7 billion in growth push

By Liana B. Baker and Heather Somerville SAN FRANCISCO (Reuters) – Cisco Systems Inc said on Tuesday that it agreed to buy U.S. business software company AppDynamics Inc for about $3.7 billion, making one of its largest deals of recent years as it searches for growth beyond its core networking business. Legacy technology players like Cisco have been…

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Cisco to buy AppDynamics for $3.7 billion in growth push

Chinese court sentences former Sinopec president to 15 and half years in prison

BEIJING (Reuters) – A Chinese court has jailed Wang Tianpu, the former president of Sinopec Group, for 15 and a half years for graft, state television said on Tuesday citing a court verdict. Sinopec Group is the parent of oil major Sinopec Corp . (Reporting by

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Chinese court sentences former Sinopec president to 15 and half years in prison

Ford launches brand to sell auto parts to fix competitors’ vehicles

Ford Motor Co , in a bid for a piece of the rapidly growing global auto parts market, is launching a new brand called Omnicraft to sell parts to Ford dealers and independent repair shops to fix competitors' vehicles. Omnicraft joins Ford's established Motorcraft which makes parts for Ford vehicles. Frederiek Toney, president of Ford's customer service division, said the global business for automotive

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Ford launches brand to sell auto parts to fix competitors’ vehicles

Samsung Electronics warns of political risks as chips boost Q4 profit

Samsung Electronics Co Ltd on Tuesday said it expects profit growth in 2017 despite challenges arising from political uncertainty, after record chip earnings glossed over the Note 7 smartphone fiasco in the fourth quarter. The South Korean tech giant and Apple Inc rival …

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Samsung Electronics warns of political risks as chips boost Q4 profit

More businesses must work with suppliers to curb climate change: study

Too few businesses are working with their suppliers to reduce greenhouse gas emissions, according to study that praised 29 companies including General Motors , Sky and Sony Corp for taking the lead. “The supply chain is the new frontier in environmental responsibility – an area rich with opportunity that remains mostly unexplored,” non-profit group CDP, formerly known as the Carbon Disclosure Project, wrote in its report published on Tuesday.

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More businesses must work with suppliers to curb climate change: study

U.S. judge approves VW dealers $1.2 billion settlement

Volkswagen AG's dealers will receive an average of $1.85 million in a $1.2 billion settlement approved by a U.S. judge on Monday over its diesel emissions scandal. U.S. District Judge Charles Breyer said the 650 U.S. dealers would be paid over 18 months, ruling the settlement “fair, reasonable, and adequate.” VW also agreed to keep making volume-based incentive payments to dealers, and will allow them to defer capital improvements for two years. In total, VW has now…

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U.S. judge approves VW dealers $1.2 billion settlement

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