Business News from WN Network

Sunday, 31 July 2011

A battle has recalibrated the market for smartphone DNA. With Apple, Google and Microsoft jostling for control of the mobile market, each needs or desires more and better patents for supremacy. Without them, their devices are vulnerable to shakedowns for royalties or, worse, demands to stop using the innovations. This has led to a mad dash to acquire such portfolios for use as both a saber and a shield. Beawiharta/Reuters Samsung has to pay Microsoft for each device using Google’s Android...

Full Story: The New York Times

More Business News Stories

Genting Group is betting on Miami as future resort destination The Miami Herald

The Genting Group may not be a household name in the United States when it comes to gaming, but it’s a safe bet that Chairman KT Lim intends to get there. The company’s recent purchase of The Miami Herald property — with plans to create a $3 billion destination resort, hopefully with...

South Korea consumer inflation accelerates in July The Miami Herald

SEOUL, South Korea -- South Korea's inflation rate accelerated for a second straight month in July as rising prices defy a series of central bank interest rate increases. The country's consumer price index rose 4.7 percent last month from the year-before period amid higher costs for food and...

Opportunity Matters The Times of India

Opportunity Matters This refers to the editorial 'Exporting CEOs' (ET, July 28). An additional reason why Indians are becoming CEOs in foreign companies is that that the latter provide more opportunity, encouragement...

US debt crisis: Obama says deal reached to end impasse The Times of India

WASHINGTON: PresidentBarack Obama on Sunday announced a last-minute deal to raise the US borrowing limit and avoid a catastrophic default and he urged lawmakers to "do the right thing" and approve the agreement. Laying out the endgame in theUS debt crisis just two days before a deadline to...

Barack Obama announces US debt deal BBC News

President Barack Obama has announced that...

Asian shares rise as US debt deal announced BBC News

Asian markets have climbed after US lawmakers reached a last-minute agreement to reduce the budget deficit and potentially avoid a debt default. Japan's main Nikkei 225 index rose...

South Korea's inflation rate accelerates in July for a second straight month Star Tribune

SEOUL, South Korea - South Korea's inflation rate accelerated for a second straight month in July as rising prices defy a series of central bank interest rate increases. The country's consumer price index rose 4.7 percent last month from the year-before period amid higher costs for food and...

Macarthur Coal Rejects Takeover Bid The New York Times

SYDNEY (Reuters) — Macarthur Coal of Australia refused to back a bid of 4.7 billion Australian dollars ($5.3 billion) by Peabody Energy and ArcelorMittal, saying the offer was opportunistic and that it wanted to leave the door open for talks with other suitors. A blog about energy and the...

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