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Apple sues Qualcomm in Beijing seeking 1 billion yuan

January 25, 2017 by · Leave a Comment 

By Diane Bartz WASHINGTON (Reuters) – Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging the chip supplier abused its clout in the chip industry and seeking 1 billion yuan ($145.32 million) in damages, Beijing's Intellectual Property Court said in a statement on Wednesday. Apple also filed a second lawsuit against Qualcomm which accused it …

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Apple sues Qualcomm in Beijing seeking 1 billion yuan

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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

January 25, 2017 by · Leave a Comment 

State Street Corp on Wednesday reported a 3.4 percent drop in fourth-quarter revenue and said it lost more than $1 trillion in custody assets to JPMorgan Chase & Co Inc , sending State Street stock tumbling as much as 7.5 percent. State Street is the world's No. 2 custody bank with $28.8 trillion in assets under custody and administration.

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BlackRock jilts State Street, moves $1 trillion in custody assets to JPMorgan

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Cuban trade delegation visits U.S. as Trump ponders detente

January 25, 2017 by · Leave a Comment 

A Cuban trade delegation arrived in the United States this week to visit four states and six ports, even as the Trump administration pondered what to do with a fragile detente initiated…

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Cuban trade delegation visits U.S. as Trump ponders detente

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Boeing sets cash flow record, lifts 2017 forecast for jet output

January 25, 2017 by · Leave a Comment 

(Reuters) – Boeing Co said on Wednesday it expects to deliver between 760 and 765 commercial aircraft in 2017, topping 748 deliveries in 2016. The world's biggest maker of jetliners said it expects 2017 core earnings, which exclude some pension and other costs, of between $9.10 and $9.30 per share on revenue of $90.5 billion to $92.5 billion. Boeing forecast operating cash flow of about $

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Boeing sets cash flow record, lifts 2017 forecast for jet output