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Gilead ordered to pay Merck $200 million in hepatitis C drug patent dispute

March 26, 2016 by · Leave a Comment 

SAN JOSE, Calif.,/NEW YORK (Reuters) – A federal jury on Thursday ordered Gilead Sciences Inc to pay Merck & Co $200 million in damages for infringing two Merck patents related to a lucrative cure for hepatitis C. The damages award is far less than the $2 billion Merck had demanded. On Tuesday, the same jury in San Jose, California, upheld the validity of the patents, which

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Gilead ordered to pay Merck $200 million in hepatitis C drug patent dispute

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U.S. judge sets April 21 deadline for VW diesel fix

March 24, 2016 by · Leave a Comment 

By Alexandria Sage SAN FRANCISCO (Reuters) – A federal judge on Thursday gave Volkswagen AG and U.S. regulators until April 21 to agree on a fix for the nearly 600,000 diesel vehicles on U.S. roadways caught up in VW's massive emissions cheating scandal. U.S. District Judge Charles Breyer had earlier set a March 24 deadline for Europe's biggest automaker to explain where it stood on remediation efforts, after months of talks with the …

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U.S. judge sets April 21 deadline for VW diesel fix

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Amazon exec weighs in on proposed Staples-Office Depot merger

March 23, 2016 by · Leave a Comment 

By Diane Bartz and Clarece Polke WASHINGTON (Reuters) – An executive with Amazon.com Inc's unit that sells office supplies to businesses gave testimony on Tuesday that appeared to bolster a U.S. regulator's wariness over a …

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Amazon exec weighs in on proposed Staples-Office Depot merger

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In oil rout, some U.S. energy bosses were spared the pain

March 23, 2016 by · Leave a Comment 

By Ross Kerber and Michael Erman BOSTON/NEW YORK (Reuters) – More cash, lower targets and bigger share awards – not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Some oil and gas companies are making it easier for their top managers to meet performance goals or are offering more cash as a prolonged oil slump keeps share prices at lows not seen in five years, …

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In oil rout, some U.S. energy bosses were spared the pain

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Google’s cloud business nabs Home Depot as client

March 23, 2016 by · Leave a Comment 

By Sarah McBride SAN FRANCISCO (Reuters) – Google Inc, long an also-ran in cloud services, has scored an important victory in its effort to win corporate clients: Home Depot is moving some of its data to Google's cloud. The deal, flagged Tuesday by Google executive Greg DeMichillie in a briefing and expected to be…

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Google’s cloud business nabs Home Depot as client

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Uber’s real estate footprint unmatched among S.F. Bay Area startups

March 1, 2016 by · Leave a Comment 

By Heather Somerville SAN FRANCISCO (Reuters) – Uber's new Oakland headquarters is about four times bigger than Internet radio service Pandora Media's office nearby, and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters. The on-demand ride service paid $123.5 million for Oakland's historic Sears building last year and has so far filed building permits to complete at least $2 million in renovations, according to BuildZoom, a startup that compiles construction and remodeling contractor…

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Uber’s real estate footprint unmatched among S.F. Bay Area startups

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Ford, Toyota ally to counter Silicon Valley in dashboard war

January 4, 2016 by · Leave a Comment 

By Joseph White LAS VEGAS (Reuters) – Toyota Motor Corp and Ford Motor Co said on Monday they will adopt the same software to link smartphone apps to vehicle dashboard screens and invited other automakers to join them to counter Apple Inc and Google's push to control cars of the future. Toyota, the world's largest automaker by vehicle sales, and…

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Ford, Toyota ally to counter Silicon Valley in dashboard war

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Oil rises as market ponders scale of future Iran exports

January 4, 2016 by · Leave a Comment 

By Amanda Cooper LONDON (Reuters) – Oil prices rose on Monday after a breakdown in diplomatic ties between Saudi Arabia and Iran that some speculated could result in supply restrictions, although gains were tempered by data showing some of Asia's largest economies are struggling. Saudi Arabia, the world's biggest oil exporter…

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Oil rises as market ponders scale of future Iran exports

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GM, Lyft announce $500 million investment by automaker and strategic alliance

January 4, 2016 by · Leave a Comment 

By Steve Trousdale SAN FRANCISCO (Reuters) – General Motors Inc and Lyft Inc Monday announced an alliance to develop an on-demand network of autonomous vehicles as well as a $500 million investment by the automaker as part of a $1 billion fund-raising round by the ride-sharing service. The two companies said the partnership, which involves one of…

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GM, Lyft announce $500 million investment by automaker and strategic alliance

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Facebook reports spike in government requests for data

November 12, 2015 by · Leave a Comment 

By Yasmeen Abutaleb and Sudarshan Varadhan SAN FRANCISCO/BANGALORE (Reuters) – Facebook Inc said in a report on Wednesday that government demands for its user data surged in the first half of 2015, taking a trend that began at least two years ago when the company …

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