
ITC to rule on SK Innovation patent suit vs LG Chem
Nov 07, 2020 23:56 pm UTC| Business
The United States International Trade Commission (ITC) will make its final ruling on the patent infringement case filed by SK Innovation against LG Chem over electric vehicle (EV) batteries on Nov 30, 2021. The new LG...

US eyes forfeiture of seized Silk Road bitcoin worth over $1 billion
Nov 07, 2020 23:11 pm UTC| Business
The US Justice Department is seeking forfeiture of the over $1 billion worth of bitcoin it had seized from an unnamed hacker who stole them from the underground online marketplace Silk Road. It is the largest...

Pfizer's operations in China scrutinized by US government
Nov 07, 2020 22:29 pm UTC| Business
Pfizer Inc. revealed that it received informal requests relating to its operations in China from the US Department of Justice and the US Securities and Exchange Commission (SEC) in June and August. According to Pfizer,...

Apple to face lawsuit for $74 billion investor losses after concealing plunging sales in China
Nov 07, 2020 19:01 pm UTC| Business
A class-action lawsuit by shareholders is awaiting Apple Inc. for Chief Executive Tim Cooks concealment of falling demand for iPhones in China, resulting in $74 billion in investor losses. US District Judge Yvonne...

Over half a million Australians demand probe into Rupert Murdoch's media empire
Nov 06, 2020 09:53 am UTC| Business
Over 500,000 Australians petitioned the parliament to conduct an inquiry into Rupert Murdochs News Corporation, which threatens media diversity and encourages deliberate polarizing and politically manipulating news. The...

US govt blocking Visa's anti-competitive acquisition of Plaid
Nov 06, 2020 09:42 am UTC| Business
The US government sued to block Visa Inc.s $5.3 billion acquisition of financial technology company Plaid for being anti-competitive. Plaid is a financial technology firm with access to financial data from over 11,000...

BMW Q3 profit up 9.6% on Chinese demand for luxury cars
Nov 06, 2020 09:29 am UTC| Business
BMWs third-quarter pretax profit rose 9.6 percent to $2.87 billion, mainly due to rebounding Chinese demand for luxury cars. The German automaker enjoyed a 9.8 percent increase in deliveries of its vehicles during the...