courtesy of Toyota Motor Corp.In a settlement filed with a federal court in California yesterday, Toyota Motor Corp. (NYSE: TM) has agreed to pay about $1.1 billion to bring an end to a case…
Semiconductor maker Marvell Technology has been ordered by a Pittsburgh jury to pay Carnegie Mellon University $1.17 billion in a patent infringement suit. The jury’s verdict is subject to post-trial motions and appeals, so…
U.S. equity markets opened lower this morning following last night’s failure by the U.S. House of Representatives to hold a vote on a plan to deal with the country’s budget deficit. In Europe, Germany’s…
courtesy of General MotorsProfit-sharing bonuses for United Auto Workers’ members at Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) are expected to be at least as large as last year’s payout…
ThinkstockThe latest data from Baker Hughes Inc. (NYSE: BHI) shows that drilling rig counts in North America are down by 59 from a week ago and 256 from the comparable period a year ago.…
General Motors Co. (NYSE: GM) has notified the National Highway Traffic Safety Administration that the company is recalling 119,000 Chevy Colorado and GMC Canyon vehicles built in model years 2010 to 2012. The company…
ThinkstockSince calling Herbalife Ltd. (NYSE: HLF) a pyramid scheme a couple of days ago, Pershing Square Capital Management’s William Ackman has delivered a 342-slide presentation detailing his company’s view of Herbalife’s multilevel marketing business…
Ed Brown, via Wikimedia CommonsThe US Bureau of Labor Statistics (BLS) today released its data on state and regional unemployment for November. Compared with October data, unemployment rates fell in 45 states and the…
ThinkstockCanadian mining firm Teck Resources Ltd. (NYSE: TCK) announced this morning that the company expects fourth quarter coal shipments to exceed its prior guidance of 6.2 million metric tons. The company also said that…
ThinkstockCasino operators Pinnacle Entertainment Inc. (NYSE: PNK) and Ameristar Casinos Inc. (NASDAQ: ASCA) announced this morning that the two companies have signed a definitive agreement under which Pinnacle will acquire all the outstanding shares…
ThinkstockIn an SEC filing today, News Corp. (NASDAQ: NWS) indicated that it would call a special stockholders meeting to approve “the contemplated separation of our media and entertainment business and our publishing business.” No…
ThinkstockGold futures closed below $1,650 an ounce on the Comex last night, sharply lower than the $1,700 or so the yellow metal fetched at the beginning of December 2011, but well above the price…
courtesy of WalgreenWalgreen Co. (NYSE: WAG) reported first-quarter fiscal 2013 results before markets opened this morning. The drug store chain posted adjusted diluted earnings per share (EPS) of $0.58 on revenues of $17.3 billion.…
ThinkstockThe world’s largest steelmaker, ArcelorMittal (NYSE: MT), said this morning that it would take a noncash $4.3 billion impairment charge against the goodwill of its businesses in Europe. The charge will be posted to…
courtesy of Nokia Corp.Struggling smartphone makers, Nokia Corp. (NYSE: NOK) and Research In Motion Ltd. (NASDAQ: RIMM) have signed an agreement ending all current patent licensing disputes between the two companies. The deal includes…
courtesy of BlackBerryFollowing a halt in after-hours trading, Research In Motion Ltd. (NASDAQ: RIMM) reported fiscal third quarter 2013 results after markets closed today. The smartphone maker reported a quarterly adjusted diluted earnings per…
U.S. equity markets opened flat to higher again this morning following the third revision to U.S. GDP growth in the third quarter and the report on new claims for unemployment benefits (more coverage here).…
In response to a request for ideas made last May, Amazon.com Inc. (NASDAQ: AMZN) and its Amazon Studios received more than 2,000 proposals from which it has now culled six to develop pilot programs…
ThinkstockTraffic at retail stores is down 4.4% through December 15th according to the latest data from ShopperTrak. The research firm also noted in its report out yesterday that holiday sales are 4.3% below last…
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 82 billion cubic feet last week, more than the expected decrease of 75 billion cubic feet compiled by Bloomberg.…