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Jury: Google didn't infringe on Oracle patents
A federal jury in San Francisco has decided that Google didn't infringe on Oracle's patents when the search company developed its popular Android software for mobile devices. Wednesday's verdict comes about two weeks after the same jury, with two additional members, failed to agree on a pivotal issue in Oracle's ...
Commercial space race gets crowded behind SpaceX
A privately built space capsule that's zipping its way to the International Space Station has also launched something else: A new for-profit space race. The capsule called Dragon was due to arrive near the space station for tests early Thursday and dock on Friday with its load of supplies. Space ...
Stewart becomes non-executive chairman of company
Martha Stewart was named as non-executive chairman of the lifestyle, media and merchandising company that she created Wednesday. Stewart rejoined the board of Martha Stewart Living Omnimedia Inc. in September at the end of a five-year ban on serving as a board member or as an executive of a public ...
Stewart becomes non-executive chairman of company
Martha Stewart is now the non-executive chairman of the lifestyle, media and merchandising company that she created. Stewart, who rejoined the board of Martha Stewart Living Omnimedia Inc. in September, succeeded Charles Koppelman on Wednesday. Stewart agreed to a five-year ban on serving as a board member or as an ...
Official: ailing Bankia needs at least $11BN
Spain's economy minister says the government will pump at least €9 billion ($11.3 billion) of public money into nationalized lender Bankia so it can meet new capital requirements. The government is seeking to shore up Spain's banking sector against market fears about the country's financial health. A recession and an ...
Oil drops below $90 for 1st time since Nov. 1
The price of oil tumbled below $90 on Wednesday for the first time in nearly seven months as U.S. supplies continue to grow. Benchmark U.S. crude fell $2.14, or 2.3 percent, to $89.71 per barrel. The price hadn't been below $90 per barrel since Nov. 1. The government said U.S. ...
Greek banks to get $23 billion from bailout fund
Four of Greece's leading banks are to receive a €18 billion ($23 billion) capital injection to replenish reserves which were hit by country's massive debt restructuring deal. The country's Financial Stability Fund said Wednesday it had approved the funds' release to banks. The €18 billion will be split between the ...
US sales of new homes rose 3.3 percent in April
Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover. New-home sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000, the Commerce Department said Wednesday. Sales rose sharply in every region of the ...
Senate panel to launch review of Facebook IPO
A Senate panel is reviewing Facebook's high-profile stock offering last week amid allegations that the bank handling the IPO may have provided select clients with a negative assessment of the company. A Democratic aide to the Senate Banking Committee says the panel wants to learn more about the initial public ...
Markets swoon as anxiety about Europe takes hold
The threat of a financial crisis spreading from Europe shook markets on Wednesday. The euro dropped to a nearly two-year low against the dollar. Oil prices sank to their lowest this year, and stocks took another fall. The Dow Jones industrial average fell 180 points to 12,322 shortly after noon ...
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