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European Court Upholds Most of Microsoft Fine

June 27, 2012 3:50 am | by TOBY STERLING - Associated Press - Associated Press | News | Comments

A European court on Wednesday upheld most of a massive fine levied against Microsoft by the European Commission's competition watchdog, closing a case against the software giant that began in 1998.In an appeals ruling, the General Court of the European Union rejected Microsoft Corp.'s request...

Caterpillar Pulled from Social Indexes

June 27, 2012 3:50 am | by BLAKE SOBCZAK, Associated Press | News | Comments

U.S investment firm MSCI Inc. says it has removed Caterpillar Inc. from three of its popular indexes that track socially responsible investments, citing concerns about the Israeli military's use of company bulldozers in the Palestinian territories.MSCI said in a statement that Israeli practices...

SKorea Prosecutors Charge 6 Over Display Tech Leak

June 27, 2012 2:50 am | by The Associated Press | News | Comments

Prosecutors have charged six South Korean employees of an Israeli company with leaking advanced TV display technology from Samsung Mobile Display and LG Display to their rivals.The Seoul Central District Prosecutors' Office said Wednesday that the six stole OLED display technology from the...

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Ford to close assembly plant in Philippines

June 27, 2012 1:50 am | by The Associated Press | News | Comments

U.S. carmaker Ford Motor Co. says it will close its 13-year-old assembly plant in the Philippines at the end of the year.Ford Group Philippines president Randy Krieger said Wednesday that the company "could not make a strong enough business case for future manufacturing" in the Philippines.The...

College Boards Turn to Business-Style Approaches

June 27, 2012 1:50 am | by ZINIE CHEN SAMPSON - Associated Press - Associated Press | News | Comments

A popular University of Virginia president is forced to resign because board members thought she wasn't working quickly enough to address diminished funding and other challenges. Purdue University hires as its new president a governor who lacks academic experience but is adept at raising money...

Court cuts Microsoft's European fine slightly

June 27, 2012 12:50 am | by The Associated Press | News | Comments

The General Court of the European Union has upheld most of a massive fine against Microsoft Corp. by the European Commission's competition watchdog in 2008.In a ruling Wednesday, it rejected Microsoft's appeal but did cut the fine by €39 million to €860 million ($1.1 billion).The fine is...

Apple suit judge: Samsung must halt Galaxy sales

June 26, 2012 8:50 pm | by PAUL ELIAS - Associated Press - Associated Press | News | Comments

A judge is ordering Samsung Electronics Co. to halt sales of its Galaxy 10.1 tablet computer while the court considers Apple's patent infringement claims.U.S. District Judge Lucy Koh late Tuesday said Apple Inc.'s lawsuit appears likely to succeed.Apple claims Samsung's computer tablet copied...

Judge Orders Halt to Samsung Sales of Galaxy Tab

June 26, 2012 8:50 pm | by PAUL ELIAS - Associated Press - Associated Press | News | Comments

A judge late Tuesday ordered Samsung Electronics Co. to halt sales of its Galaxy 10.1 tablet computer while the court considers Apple's claim the South Korean tech giant illegally copied the design of the popular iPad.U.S. District Judge Lucy Koh said Apple Inc.'s lawsuit appeared likely to...

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LA Times wins Loeb for series on used-car lots

June 26, 2012 6:50 pm | by The Associated Press | News | Comments

A Los Angeles Times reporter has won a Loeb award, business journalism's top honor, for a series of stories exposing the dubious business practices of "Buy Here Pay Here" used car lots.Ken Bensinger's three-part "Wheels of Fortune" series showed how the dealers lure the least creditworthy...

Puerto Rico OneLink Communications to be sold

June 26, 2012 3:50 pm | by The Associated Press | News | Comments

Colorado-based cable company Liberty Global Inc. says subsidiary LGI Broadband Operations and a private investment firm will buy OneLink Communications in Puerto Rico for $585 million to create the island's largest cable operator.Liberty Global Inc. announced Tuesday that LGI will own 60...

W.Va. AG sues 14 pain drug distributors

June 26, 2012 2:50 pm | by LAWRENCE MESSINA - Associated Press - Associated Press | News | Comments

West Virginia Attorney General Darrell McGraw announced lawsuits Tuesday against 14 pharmaceutical drug distributors, alleging their negligent practices have helped fuel the state's pain pill abuse epidemic.The complaints in Boone County Circuit Court seek to ensure the companies halt all...

North America fuels Q2 rise in global M & A deals

June 26, 2012 2:50 pm | by PAN PYLAS - Associated Press - Associated Press | News | Comments

North American businesses led a global increase in corporate deals during the second quarter, offsetting another decline in crisis-afflicted Europe, a consultancy said Wednesday.In its quarterly tracker of mergers and acquisitions, or M&A, Ernst & Young found that the volume of announced deals...

Bankruptcy costs push AMR to net loss in May

June 26, 2012 2:50 pm | by The Associated Press | News | Comments

American Airlines' parent AMR Corp. posted a net loss of $132 million in May but a slender profit of $2 million after excluding costs related to its bankruptcy case.May's net loss was slightly smaller than April's, and revenue rose 6 percent from the previous month. The company did not provide...

Boeing, Embraer Teaming Up On Military Plane

June 26, 2012 2:50 pm | by The Associated Press | News | Comments

Brazilian aircraft manufacturer Embraer and U.S. company Boeing say they've agreed to share technical knowledge and market assessments on the development of a Brazilian military cargo plane.Embraer hopes its KC-390 plane will eventually replace Lockheed Martin's Hercules C130 as the globe's...

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Zynga expands game line up amid investor doubts

June 26, 2012 2:50 pm | by MICHAEL LIEDTKE - AP Technology Writer - Associated Press | News | Comments

Web game maker Zynga is trying to turn its digital playground into an even more entertaining place, working to prove wrong investors who doubt that it can build a long-lasting business.Zynga unveiled features Tuesday that include a network designed to provide the more than 290 million players...

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