Google and Samsung sign up for a 10-year patent licensing deal January 26, 2014 Google and Samsung Electronics, which are frequently involved in patent infringement lawsuits but not against each other, yesterday announced they have reached a global patent cross-licensing agreement. The deal covers patents currently owned by the companies, as well as any filed in the next 10 years, the companies said in a release. Financial terms were [...]
The West has killed its entrepreneurs and replaced them with bureaucrats February 23, 2014 IF WESTERN economies have lost considerable ground to emerging powers over the last two decades, it is not simply because we lack the cheap labour of China and India or the natural resources of Russia and Brazil. It is because we have killed our own entrepreneurs at a time when our competitors made business creators [...]
What the other papers say this morning – 31 March 2014 March 31, 2014 FINANCIAL TIMES SocGen accused over Libya deals The Libyan Investment Authority has accused Société Générale of helping to funnel bribes worth tens of millions of dollars to close associates of Saif al-Islam, the son of former Libyan leader Muammer Gaddafi. The claim was made in a $1.5bn lawsuit filed against the French bank in London’s [...]
What the other papers say this morning – 04 April 2014 April 3, 2014 FINANCIAL TIMES Channel 5 bidders question valuation A war of words has broken out over the valuation of Channel 5, ahead of this month’s deadline for second-round bids for the broadcaster owned by entrepreneur Richard Desmond. In January, people close to the bidding process said Mr Desmond was seeking a price of more than £700m [...]
Watchdog says Arch Cru fund to pay out £31m in compensation January 27, 2014 INVESTORS in the failed CF Arch Cru funds will be paid more than £31m in compensation from a regulator-backed scheme. The Financial Conduct Authority said yesterday that the financial advisers that recommended the Arch Cru funds to their clients based on unsuitable advice are in line for a £31.47m compensation bill. “The vast majority of [...]
Ecclestone board exit heads off threat to F1 future of Mercedes January 23, 2014 THE FUTURE of Lewis Hamilton’s Mercedes team has been secured by Bernie Ecclestone’s exit from the board of Formula One last week. Ecclestone’s involvement in a bribery row had been tipped to force Mercedes out of the sport as the carmaker’s parent company Daimler’s statutes declare it “does not tolerate the immoral or corrupt practices [...]
Channel 5 boss Richard Desmond sues Man Group unit over trade January 6, 2014 MEDIA boss Richard Desmond is suing a unit of Man Group over a derivative product he bought in 2007 which he claims was too complex to understand, according to papers filed at the High Court. Desmond has brought the claim against Man’s hedge fund arm GLG Partners after he lost nearly £20m on a capital [...]
High Court rules Google privacy case set for UK January 16, 2014 GOOGLE is accountable under UK privacy laws the High Court ruled yesterday, opening the company up to a lawsuit from British users who allege that Google tracked browsing without their knowledge. The search giant had argued that claimants should have launched their case in the US where Google is based, but yesterday this was rejected. [...]
Lululemon names new chief as founder Chip Wilson quits December 10, 2013 HIGH-END Canadian yoga-wear retailer Lululemon Athletica yesterday named Laurent Potdevin as its chief executive, as it said founder Chip Wilson will step down as non-executive chairman. Lululemon has been looking for a new CEO since June, when Christine Day said she would step down once a replacement was found. Potdevin will take over in January [...]
Payday for Brits who lost out in Madoff scheme January 7, 2014 BRITISH investors who were burned in the Bernie Madoff scandal are set to get some of their money back, after the US authorities yesterday levied a $1.7bn (£1bn) fine on JP Morgan. Regulators said the bank bore some of the blame for the fraud by hosting Madoff’s accounts and failing to report concerns over his behaviour. [...]