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Nokia-Samsung patent verdict expected within days
January 31, 2016 by publisher · Leave a Comment
Nokia and Samsung are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company. Nokia entered into a binding arbitration with South Korea's Samsung in 2013 to settle additional compensations for a five-year period starting from early 2014. The International Chamber of Commerce's arbitration court is due to make its ruling on the issue imminently.
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Nokia-Samsung patent verdict expected within days
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Berkshire resumes buying Phillips 66 stock
January 31, 2016 by creative · Leave a Comment
(Reuters) – Berkshire Hathaway Inc , the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 stock, and spent roughly $832 million in January to boost its stake even as the oil refiner's profit margins narrowed. According to a regulatory filing on Friday night, Berkshire
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Berkshire resumes buying Phillips 66 stock
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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia
December 26, 2015 by creative · Leave a Comment
Valeant Pharmaceuticals International Inc Chief Executive J. Michael Pearson was hospitalized with a “severe case of pneumonia” on Friday and is receiving treatment, a company spokeswoman said. Pearson, 56, joined Valeant as CEO in September 2010 after a 23-year career at McKinsey & Company and became chairman of the board in 2010. Under Pearson's leadership, the company has come
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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia
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China says AIIB up and running early in the new year
December 26, 2015 by creative · Leave a Comment
The China-backed Asian Infrastructure Investment Bank (AIIB) has been formally established and is expected to be operational early next year, the official Xinhua news agency said on Friday. The bank's establishment came after 17 funding members of the AIIB, which account for just over 50 percent of its share capital, ratified an agreement on the bank, state television quoted Finance Minister Lou Jiwei as saying. First proposed by President Xi Jinping less than two years ago, the bank has become one of China's biggest foreign policy successes.
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China says AIIB up and running early in the new year