Jurors are set to convene Tuesday to consider a lengthy legal dispute centered on Oracle’s alleged role in the decline of one of the former Hewlett-Packard’s most lucrative products. The lawsuit seeks $3 billion in damages.
Two unions representing more than 36,000 Verizon workers were able to win concessions from the carrier in a new four-year contract, helping to end a nearly seven-week labor strike.
Companies such as SolarCity and Sunrun rapidly expanded by leasing solar panels to homeowners, but now face stiff competition from smaller upstarts that sell the units to customers instead.
In Sweden, groceries can be delivered in your absence and directly to where they belong: your kitchen and fridge. PostNord and supermarket chain ICA are testing the service in Stockholm, promising that messengers will remove their shoes and unpack online deliveries.
Two Hollywood franchises turned in disappointing box-office performances on a Memorial Day weekend. “Alice Through The Looking Glass” flopped, grossing $34.2 million, while the superhero sequel “X-Men: Apocalypse” opened to $80 million, a decent number but below that of previous movie in the series.
Federal Reserve Chairwoman Janet Yellen on Friday signaled the central bank will likely raise interest rates within months if the U.S. economy keeps gaining strength.
Though shortened by holidays in the U.S. and U.K., this week will help set the stage for whether the global economy is heading into a summer of strength or doldrums, with Chinese manufacturing data, a European Central Bank meeting and the U.S. jobs report on the schedule.
Americans are more confident than at any time in almost a year—with the consumer sentiment index rising to 94.7 this month from April’s 89.0—as cheap gasoline, low interest rates, and a rebound in stocks boost the economy’s prospects.
The U.S. economy’s first-quarter slowdown was less pronounced than initially thought, and recent data have pointed to a pickup for growth this spring.
On Thursday oil prices rose above $50 a barrel, putting crude back within a range between $50 and $60 in which almost everybody benefits, economists and investors say.
Winners included photo-sharing site Pinterest, whose shares increased 14% during the month and have nearly tripled in value since Fidelity first made its investment in October 2013.
The popularity of Airbus’ A320 has led to record orders, but ramping up to meet these might mean costly investment, just at a time when low oil prices are making more expensive fuel-efficient models a more difficult sell.
Samsung Electronics is quietly putting more advertisements on its Internet-connected televisions as it seeks new revenue sources for its struggling TV business.
Slower spending on capital goods comes despite a solid labor market, a strengthening housing sector and continuing low interest rates.
Most Americans reported their household finances mildly improved last year, but nearly half said they would struggle to cover a $400 expense in an emergency.
The New York Fed’s quarterly report on household debt and credit found rising auto and mortgage delinquencies in the U.S. counties that had the highest employment in the oil and gas industry, even as the national picture continues its gradual improvement.
A judge granted Viacom Chairman Philippe Dauman and board member George Abrams’ request for a speedy hearing after the two sued to invalidate their removal from a trust to oversee media mogul Sumner Redstone’s holdings.
Dubai’s DP World has agreed to manage the Somaliland Port of Berbera for 30 years, according to a person who has seen the concession agreement. The global ports operator gains an alternative hub to Djibouti in the Horn of Africa.
India’s minister for commerce and industry said she supports waiving local-sourcing rules that threaten to block Apple’s retail stores—a waiver the finance ministry opposes.