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IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

International Business Machines Corporation(NYSE: IBM) asked a U.S. jury to award USD 167 Million in a lawsuit accusing Groupon,Inc. (NASDAQ: GRPN) for using patented technology from several high-end tech companies. IBM’s lawyer, John Desmarai..

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Chinese Smartphone Maker Xiaomi Falls on Its Debut in Hong Kong

Shares of Chinese smartphone maker Xiaomi Corp. opened to trade in Hong Kong on Monday and fell below its IPO price.The initial public offering price of Xiao was HK 17 per share, which is at the low end of an expected range. It gave Xiaomi a valuati..

AT&T Raises Prices After Time Warner Acquisition

AT&T Raises Prices After Time Warner Acquisition

Two months ago, AT&T (NYSE: T) said, in a court filing, that its TV prices would lower upon acquiring Time Warner. Despite arguments from the U.S. Department of Justice that the acquisition of Time Warner would lead to higher prices for consumer..

UPS invests $130 million into natural gas vehicles and fueling stations

UPS invests $130 million into natural gas vehicles and fueling stations

United Parcel Service, Inc. (NYSE: UPS), one of the largest U.S. shipping companies, announced today in a press release that they have plans to build an additional five compressed natural gas fueling stations and more than 700 new compressed natural..

Ford teams with startup to be “Waze” for Autonomous Cars

Ford teams with startup to be “Waze” for Autonomous Cars

San Francisco-based startup RideOS raised $9 million from venture firm Sequoia Capital and has reached a partnership with a division of Ford Motor Company (NYSE: F), it said on Friday. RideOS was started by two former Uber Technology Inc. employees,..

Ant Financial Valued at $150 Billion After Raising $14 Billion to Accelerate Globalization

Ant Financial Valued at $150 Billion After Raising $14 Billion to Accelerate Globalization

The operator of Alipay, China’s biggest online payment platform, Ant Financial Services Group, owned by Alibaba Group Holding Ltd (NYSE: BABA), said that they have raised about $14 billion from domestic and international investors in Series C ..

First Woman President of New York Stock Exchange in 226 years

First Woman President of New York Stock Exchange in 226 years

The New York Stock Exchange announced Tuesday that, effective as of Friday, Stacey Cunningham, who is currently NYSE’s Chief Operating Officer, will become the exchange's first woman president in its 226-year history.When Cunningham starte..