Category: Money

Us Supreme Court Backs Schlumberger On Overseas Patent Damages

WASHINGTON – The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in...

Wall Street Opens Higher As Financials Lead

– U.S. stocks opened higher on Friday with the Dow ending its 8-day losing streak as bank stocks gained after passing the Federal Reserve’s annual regulatory...

Zero Chance Of Renault Taking Over Nissan Mitsubishi Ghosn

TOKYO – Renault SA (RENA.PA) absorbing Nissan Motor Co. (7201.T) and Mitsubishi Motors Corp (7211.T) is not an option as the carmakers look to strengthen their...

Former Wpp Boss Sorrell Denies Prostitute Allegation

CANNES, France – Former WPP (WPP.L) boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when pressed on a stage in...

Lufthansas Eurowings Says Air Berlin Plane Transfer Almost Done

BERLIN – Lufthansa’s (LHAG.DE) budget carrier Eurowings expects the transfer of planes from collapsed rival Air Berlin (AB1.DE) planes into its fleet to be...

Walmart-advent Deal Gets Brazil Antitrust Nod

SAO PAULO – Brazil’s antitrust watchdog Cade on Friday approved buyout firm Advent International’s acquisition of Walmart Inc’s (WMT.N) Brazilian...

Opec Agrees Modest Hike In Oil Supply After Iran Softens Stance

VIENNA – OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls...

Satellite Operator Echostar Unveils Stake In Bid Target Inmarsat

LONDON – Shares in British satellite operator Inmarsat (ISA.L) leapt on Friday after its U.S. suitor EchoStar (SATS.O) disclosed stakes in the London-listed...

Opec Reaches Deal To Raise Oil Output From July Source

VIENNA – OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said. The output...

Trade Tremors Set Stocks Up For Worst Week In Three Months

LONDON – World shares rose on Friday but were set to end in the red for a second week running amid intensifying worries over the fallout of a trade dispute...