April 4, 2012
Motorola Mobility’s patent lawsuits investigated by EU
Motorola Mobility's patent lawsuits have become the subject of two investigations by the European Commission. It follows complaints by Apple and Microsoft after Motorola tried to block sales of their products. They said that Motorola - which is in…
April 4, 2012
Facebook counters Yahoo’s legal action with a lawsuit
Facebook has responded to a recently-launched legal action by rival Yahoo with a lawsuit of its own. Last month, Yahoo claimed the social network had infringed 10 of its patents, including systems and methods for advertising on the web. Now…
April 1, 2012
EU calls for IMF to boost its war chest
European leaders said they believed the €200bn increase in their fiscal rescue fund agreed on Friday would be enough to persuade non-eurozone countries that Europeans had "done our homework" and lead them to supplement eurozone efforts by…
March 31, 2012
Spain budget: Cuts to total 27bn euros this year
Spain is cutting 27bn euros ($36bn; £22.5bn) from its budget this year as part of one of the toughest austerity drives in its history. Changes will include freezing public sector workers' salaries and reducing departmental budgets by 16.9%. The…
March 31, 2012
Three US credit firms warn of security breach
Visa, Mastercard and Discover have warned that credit card holders' personal information could be at risk after a security breach. The firms said there had been "no breach" of its own system, instead blaming a third party. Security blog…
March 31, 2012
Iran crisis: US to apply fresh oil sanctions
US President Barack Obama has approved the introduction of fresh sanctions on buyers of Iranian oil. In a statement, Mr Obama said US allies boycotting Iranian oil would not suffer negative consequences because there was enough oil in the world…
March 31, 2012
Ford invests $1.3bn in Mexico plant
US car giant Ford has announced a $1.3bn (£800m) investment in its plant in the Mexican town of Hermosillo, creating 1,000 jobs. The investment will help Ford meet growing demand for its Fusion and Lincoln MKZ models, the company said. Ford has…
March 29, 2012
US Judge Postpones Ruling on Strauss-Kahn Case
A U.S. judge has postponed a ruling on whether to dismiss a hotel maid's civil lawsuit against French politician Dominique Strauss-Kahn. Bronx state Supreme Court Justice Douglas McKeon heard arguments Wednesday in Nafisatou Diallo's suit. He…
March 27, 2012
CaixaBank becomes Spain’s biggest bank by assets
Spain's biggest bank in terms of assets has been created after CaixaBank bought Banca Civica for 977m euros ($1.3bn, £817m). The government has amended laws to encourage mergers between banks, many of which collapsed following the bursting of the…
March 27, 2012
Apple could up China investment as Tim Cook visits
Apple has indicated it will consider higher investments in China, as chief executive Tim Cook visited Beijing to meet Chinese officials. "China is very important to us and we look forward to even greater investment and growth here," said Carolyn…