Apple Lawyer: Samsung Intentionally Copied iPhone
An Apple attorney told jurors on Tuesday that Samsung's own internal documents show that the South Korean company intentionally copied the iPhone as the multi-billion dollar patent trial gets underway.
Volkswagen to Raise Production at US Chattanooga Plant
Volkswagen AG (VOW.XE) is boosting production at its new U.S. plant in Chattanooga, Tenn., to 180,000 vehicles a year in 2013, the company said Tuesday, which represents an increase of about 20% from the plant's original capacity.
Russia's Rosneftagaz To Buy $1 Billion Power Company Stake -Interfax
Russian state holding company Rosneftegaz will buy a $1 billion stake in a regional power generator, the stake's current owner was quoted by Interfax as saying Tuesday, the first step in what could be its new role consolidating energy assets.
Usiminas CEO: Global Steel Suffering 'Huge Oversupply of Products'
The global steel industry is suffering from a "huge oversupply of products" which has led steel mills worldwide to produce at below their installed capacity levels, the chief executive of Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USNZY, USIM5.BR), or Usiminas, said Tuesday.
Online Poker Companies Settle with U.S.
Three online poker companies have agreed to settle civil fraud charges brought by the U.S. Department of Justice over accusations of illegal Internet gambling.
Compass Buys for Cancellation 350,000 Shares at 693.77P
Compass Group PLC (CPG.LN) said Tuesday that it bought for cancellation 350,000 shares at 693.77 pence a share.
EIA: Lower 48 U.S. May Natural Gas Output +4.3% vs Year-Earlier Level
Natural-gas output in the Lower 48 U.S. states rose 0.7% in May from a downwardly revised April level and was up 4.3% from a year earlier, government data released Tuesday show.
Anxious Markets Trend Lower in July Finale
Wall Street dipped lower Tuesday afternoon as a slew of mixed economic headlines are mostly ignored and market participants instead count down the hours until the conclusion of highly-anticipated meetings at the Federal Reserve and European Central Bank.
Wm Morrison Buys Back 800,000 Shares for Cancellation
Wm Morrison Supermarkets PLC (MRW.LN) said Tuesday that it bought 800,000 shares for cancellation at an average price of 277.213 pence per share.
Health Club Chain 24 Hour Fitness Is for Sale -NYT
24 Hour Fitness is for sale and could bring as much as $2 billion for its owner, private equity firm Forstmann Little, the New York Times reported Tuesday, citing people briefed on the matter.