Intellectual Ventures has settled a lawsuit it brought against chipmaker Altera Corp, according to court filings in litigation against a group of semiconductor companies filed by the firm, which has purchased billions of dollars worth of patents.
Legal & Regulatory
Louisiana Sheriffs' Pension and Relief Fund sues IBM over NSA cooperation
The Louisiana Sheriffs' Pension and Relief Fund sued IBM for its cooperation with the National Security Agency over a spying program that allegedly hurt investors, Bloomberg reported.
Court approves asset sale of Hospitality Staffing Solutions to HS Solutions Corporation
Hospitality Staffing Solutions said it had obtained approval from the court to sell its assets to HS Solutions Corporation. Financial details about the deal were not disclosed.
Judge dismisses suit against UBS on risk management practices
Judge Katherine Forrest dismissed the lawsuit filed by investors led by two pension funds against UBS, which accused the bank of fraud regarding the latter's risk management practices, Bloomberg said.
Bitcoin popularity leads to mini-boom in smartphone software- report
According to the South China Morning Post, the growing popularity of the Bitcoin has also led to a boom of sorts in bitcoin software for smartphones, the South China Morning Post reported.
Latest News
Investbank, Smolenksy and Project Finance Bank had been stripped off of their operating licenses due to dubious activity and payment issues with creditors and depositors, the Russian central bank said in separate statements on Friday.
GLG Partners, a London-based hedge fund, agreed to settle claims that it overvalued the purchase of a mining asset in 2008 in a deal worth about $9 million, Bloomberg reported.
Despite releasing the local assets back to Nokia Oyj, the Delhi High Court clarified that the Finnish company will still be liable to any remaining tax bills from the local mobile phone plant that Microsoft will be acquiring.
Saputo Inc., Canada's biggest dairy company, has extended its bid for Warrnambool Cheese and Butter Factory Co. by a week to next Friday. Saputo is up against Murray Goulburn Co-operative Co. Ltd. and Bega Cheese Ltd. for the Australian dairy firm, according to a Reuters report.
Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.
China Daily on Thursday quoted National Development and Reform Commission's (NDRC) anti-price-fixing bureau Xu Kunlin, who said his agency has substantive evidence to prove that chipmaker Qualcomm Inc is involved in price-fixing acts.
A South Korean court awarded Apple a legal victory on a patent infringement case filed by Samsung Electronics Co. The decision would enable Apple to continue selling its products in South Korea, Reuters said in its report.
Bondholders and large depositors in a failing bank face taking losses from the start of 2016, European Union negotiators have agreed, a European Parliament lawmaker said on Wednesday.
The Luxembourg-based General Court declared on Wednesday that Cisco's antitrust concerns regarding Microsoft Corp's takeover of the largest Internet video and voice messaging provider Skype was unfounded.
