The agreement also drops all litigation involving Motorola Mobility, which Google sold to Lenovo Group Ltd (0992.However, as Microsoft and Google continue to make products that compete directly with each other, including search engines and mobile computing devices, the agreement notably does not preclude any future infringement lawsuits, a Microsoft spokeswoman confirmed.
automaker General Motors Co said on Wednesday it will jointly develop and assemble medium-duty commercial vehicles with truck and engine maker Navistar International Corp.The move “strengthens Chevrolet’s providing commercial customers with more choices and one-stop shopping for a versatile lineup of trucks, vans and crossovers,” Ed Peper, GM’s U.
“How can China’s economy be growing at 7 percent?He said his business wasn’t growing that fast, and those of his clients didn’t appear to be, either.
O) new Watch sells for an average of $529, including accessories, at the high end of Wall Street estimates, according to findings by research firm Wristly.But the company’s findings track closely with figures Apple has disclosed about how much owners wear the watch.
FRANKFURT (Reuters) - Volkswagen’s Porsche business said its supervisory board has named Oliver Blume as its new chief executive, replacing Matthias Mueller, who has taken the helm at its parent company.Porsche production chief Blume, 47, will start his new job on Oct.
The Conference Board, an industry group, said its index of consumer attitudes rose to 103.0, the highest since January, from a downwardly revised 101.
(Reuters) - Apparel retailer Aeropostale Inc ARO.N said the New York Stock Exchange has warned that the average price of its shares had fallen below $1 for 30 trading days and it was considering a reverse stock split to return to compliance.
The London-listed shares of mining and trading giant Glencore rebounded by around 10 percent, clawing back some ground from a near 30 percent slump on Monday.The crisis has also hit the shipping sector, where dry-bulk merchant Daiichi Chuo Kisen Kaisha filed for protection from creditors on Tuesday.
LONDON (Reuters) - Royal Dutch Shell has abandoned its Arctic search for oil after failing to find enough crude, a move that will appease environmental campaigners and shareholders who said its project was too expensive and risky.The unsuccessful campaign is Shell’s second major setback in the Arctic after it interrupted exploration for three years in 2012 when an enormous drilling rig broke free and ran aground.
(Reuters) - Pipeline giant Energy Transfer Equity LP (ETE.2 billion in Williams liabilities and issue $6 billion in new debt to finance the transaction.
The burrito seller on Monday said it has restored most of the pork supplies it lost early this year after suspending a supplier for not complying with its animal welfare standards.Denver-based Chipotle said it is now serving carnitas in 90 percent of its more than 1,850 restaurants.
BERLIN (Reuters) - German prosecutors launched an investigation on Monday into fraud allegations against former Volkswagen (VOWG_p.DE) boss Martin Winterkorn, showing their determination to get quickly to the bottom of a scandal over rigged emissions tests that has rocked the global car industry.
FRANKFURT (Reuters) - Audi chief executive Rupert Stadler, who had been seen as a candidate for the CEO post at parent Volkswagen, will remain in his post, German magazine Auto Motor und Sport reported on Friday, citing no sources.A source close to the matter has told Reuters that Volkswagen will name Matthias Mueller, the head of its Porsche sports car brand, as its CEO, replacing Martin Winterkorn, who resigned this week after the world’s biggest carmaker admitted to rigging emissions tests on diesel vehicles.
The report, made public after U.S shareholders pursued action in the United States against HP, also shows KPMG told HP the difference between European and U.
DE) before the potential toll of the German carmaker’s diesel emissions scandal becomes clear is a dangerous move for investors, according to a report on Sunday in Barron’s financial newspaper.6 times book value, though analysts’ earnings forecasts are failing to account for potential charges.
NEW YORK (Reuters) - Wall Street is bracing for a grim earnings season, with little improvement expected anytime soon.Forecasts for third-quarter S&P 500 earnings now call for a 3.
The initiative “is part of Airbus’ long-term commitment towards boosting competitiveness through operational efficiency and continuous improvement,” a spokeswoman said.But many small suppliers argue the efficiency campaigns mask a grab for part of their profit margins.
NEW YORK (Reuters) - The Bill & Melinda Gates Foundation Trust has sued Brazil’s Petrobras (PETR4.O) co-founder Bill Gates and his wife Melinda, the Gates Foundation focuses on improving health and education and reducing poverty.
N) suppliers were feeling the pain of slumping sales at the world’s largest mining and construction equipment maker long before it announced an extensive cost-cutting program.Combined with declining orders for a defense-related project, total sales are down 75 percent at J-TEC.
N) F-35C stealth fighter jet will include new helmets and jets fully loaded with internal weapons, a company official told Reuters.N), Lockheed’s F-35 program manager, Lorraine Martin, said in an interview.