The US appeals court in San Francisco said jurors used "an undue amount of speculation" in awarding Oracle $1.3 billion in damages in 2010.» Read More
SAN FRANCISCO— A federal appeals court is refusing Oracle Corp.' s request to reinstate a $1.3 billion verdict it won against German rival SAP SE in a long-running copyright dispute. The appeals court gave Oracle a choice between an award of $356.7 million or a new trial.
Aug 29- A federal appeals court on Friday rejected Oracle Corp's bid to restore a $1.3 billion jury verdict in its long-running copyright dispute with German software company SAP SE, and said Oracle may choose to either accept a lower amount or face a new trial.
SAN FRANCISCO, Aug 28- Google Inc is developing airborne drones capable of flying on their own and delivering anything from candy to medicine, the Internet company said on Thursday.
SAN FRANCISCO— Google's secretive research laboratory is trying to build a fleet of drones designed to bypass earthbound traffic so packages can be delivered to people more quickly.
NEW YORK— Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
SAN FRANCISCO— Splunk Inc. on Thursday reported a loss of $60.8 million in its fiscal second quarter, but the data management software developer raised its estimates for the year, sending its stock up in late trading. Analysts expected $94.1 million, according to Zacks.
SAN FRANCISCO— The U.S. Bureau of Land Management will resume issuing oil and gas leases next year for federal lands in California after a new study found limited environmental impacts from fracking and other enhanced drilling techniques, the agency said Thursday.
SAN FRANCISCO— Hillary Rodham Clinton broke nearly three weeks of silence Thursday on the fatal police shooting of an unarmed 18- year-old in Missouri, saying his death and the violent protests that followed resulted from frayed bonds of trust in a racially divided community.
SACRAMENTO, Calif.— California lawmakers passed a key hurdle Thursday in imposing the nation's first statewide ban on single-use plastic bags. It now heads to the Senate, where it must be approved by Sunday and has support from top Democrats who rejected a similar effort last year.
SAN FRANCISCO— Apple's latest product launch will be in a setting that holds a special place in its history, signaling how big this event is for the company.
NAPA, Calif. Aug 28- During Sunday's 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani's liquor store in Napa, California.
THANON NANG KLARN, Thailand— In a story Aug. 25 about insects being raised for food around the world, The Associated Press reported erroneously that the first cricket farm in the United States will open this year in Youngstown, Pennsylvania.
NEW YORK, Aug 28- Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.
DALLAS— A federal court has ruled that FedEx Corp. improperly classified about 2,300 drivers in California as independent contractors instead of employees.
LOS ANGELES, Aug 27- Officials in Villa Park are considering pulling the tiny California city from Calpers, saying the monthly costs of the state's giant public pension system are crippling the municipal budget.
SAN FRANCISCO— Shares of Williams-Sonoma Inc. tumbled late Wednesday, after the seller of cookware and home furnishings issued a weak profit outlook. The guidance came as Williams-Sonoma reported a 5 percent increase in fiscal second-quarter profits.
BEIJING, Aug 28- Masayoshi Son's nose for an investment has turned a $20 million start-up punt on Alibaba into a stake worth maybe $50 billion or more as the Chinese e-commerce giant co-founded and led by Jack Ma heads to what could be the biggest U.S. tech IPO of all time.
NEW YORK— Lending Club, a company that aims to reduce the cost of lending by connecting consumers with investors, filed for an initial public offering valued at up to $500 million on Wednesday. LendingClub Corp. runs an online marketplace that connects borrowers and investors.
Alibaba's latest quarter ending June 30 was highlighted by revenue of $2.54 billion, a 46 percent increase from last year based on current exchange rates for the yuan. Alibaba Holding Group Ltd. earned nearly $2 billion in the latest quarter, including a one-time gain of $1 billion generated by a reassessment of the company's investment portfolio.
FRANKFURT, Aug 27- U.S. car service Uber is planning an aggressive expansion in Germany despite a backlash from cities such as Berlin and Hamburg, which have questioned its right to operate in highly regulated markets dominated by traditional taxis. Currently, Uber operates in Berlin, Hamburg, Munich, Frankfurt and Duesseldorf.