May 3, 2014 in Business

In Brief: Apple wins $120 million verdict over Samsung

From Wire Reports
 

SAN JOSE, Calif. – A California jury determined Friday that Samsung infringed Apple smartphone patents and awarded $120 million in damages.

The panel delivered its verdict in federal court in San Jose in the latest lawsuit involving the two tech giants. It also ruled that Apple infringed Samsung patents and awarded $158,000 in damages.

Apple Inc. had sought $2.2 billion after accusing Samsung Electronics Co. of infringing five of its patents covering functions such as slide-to-lock, universal searching, automatic word correction and background syncing.

Samsung had sought $6 million after arguing Apple that had infringed two of its smartphone patents related to camera use and video transmission.

Harlequin books sold to News Corp.

NEW YORK – News Corp. sees profit potential in the tales of princes, sexy soldiers and mysterious millionaires.

The publishing company controlled by media mogul Rupert Murdoch said Friday that it has agreed to buy romance novel publisher Harlequin Enterprises from Torstar Corp. for $415 million in cash.

Harlequin will become a division of News Corp.’s HarperCollins Publishers subsidiary and remain based in Toronto.

Founded in 1949, Harlequin publishes its steamy tales in 34 languages and sells them in over 100 international markets. Its titles include the works of more than 1,300 authors and it releases more than 110 titles each month.

News Corp. said the deal will extend HarperCollins’ global reach, especially in Europe and Asia Pacific. About 40 percent of Harlequin’s revenue comes from books published in languages other than English.

EU plans gas price talks with Russia, Ukraine

WARSAW, Poland – The European Union said Friday it will hold gas price talks this month with Russia and Ukraine in an effort to avoid any disruption of deliveries.

EU energy commissioner Guenther Oettinger said after a meeting of the three sides in Warsaw that common ground must be found in Russia’s dispute with Ukraine.

Moscow hiked the price of gas for Ukraine and threatened to limit deliveries if Kiev does not respect that new price and repay a debt of $3.5 billion.

Oettinger met with Ukraine’s and Russia’s energy ministers, Yuri Prodan and Alexander Novak.

Novak said that because Ukraine did not pay for gas deliveries in March and April, Russia’s state-owned gas monopoly, Gazprom, will demand prepayment for June deliveries to be made by the end of May. If the prepayment is not made, it will limit supplies to levels contracted only by other European countries that receive their supplies through Ukraine.

Ukraine will take the price issue to a European arbitration court this month, Prodan said.


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