A federal court threw out a jury order requiring Apple to pay $368.2 million in damages to VirnetX for patent infringement. Reuters Reports.» Read More
NEW YORK, Oct 9- U.S. natural gas futures reversed course and ended higher on Tuesday after early selling, backed by a colder turn in computer weather model projections released at midday. "It's all about weather, and it looks like the noon run turned a bit colder for the 11- to 15- day forecast," a New York- based trader said.
*Cotton market awaits USDA supply/demand report Thursday. The benchmark contract traded in a range from 71.41- 72.53 cents, finding resistance just above the 100- day moving average at 72.39 cents.
*Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.
AKRON, Ohio-- Jury selection began Tuesday in the murder trial of a teenager who was befriended by a self-styled chaplain accused in a deadly scheme to lure victims with phony Craigslist job offers. He and his co-defendant, Richard Beasley, 53, of Akron, have pleaded not guilty.
HOUSTON Oct 9- Marathon Petroleum Corp and Harvest Pipeline Company said on Tuesday they have agreed to jointly build a truck-to-barge system on the Ohio River to transport crude oil produced in the Utica shale oil play to refineries for processing.
NEW YORK-- A Raymond James analyst upgraded shares of industrial manufacturer Trinity Industries Inc. on Tuesday, saying he expects better results for its inland barge and railcar businesses.
TDC's ratings are based on above-average underwriting performance and profitability relative to medical professional liability insurance peers, favorable loss reserve levels, strong statutory capital position, and an experienced management team that employs a conservative operating strategy that is focused on long-term underwriting profitability.
*Alcoa settlement also includes alumina supply contracts. DUBAI, Oct 9- Alcoa Inc will pay $85 million in cash and enter long-term raw material supply contracts with Aluminum Bahrain to settle the Bahraini firm's racketeering and fraud lawsuit against Alcoa, the companies said on Tuesday.
NEW YORK, Oct 9- United Refining Inc has agreed to buy Phillips 66' s marine terminal and associated assets near New York Harbor, a deal that will add a five-million-barrel oil storage facility to the company's northeast assets, the two companies said on Tuesday.
Oct 9- RBC Wealth Management, a division of the Royal Bank of Canada, said on Tuesday it added a team of veteran advisers from Morgan Stanley Wealth Management to join its Dallas office.
DALLAS-- Luxury retailer Neiman Marcus rolled out its annual holiday catalog Tuesday, and the priciest gift this year is a pair of "his and hers" timepieces for just over $1 million from Van Cleef& Arpels.
The amusement park in Arlington on Tuesday announced plans to implode the 200- foot-tall Texas Chute Out. Park officials say the implosion will happen Wednesday afternoon but Arlington city officials have asked that the exact time not be made public. Six Flags Over Texas is operated by Six Flags Entertainment Corp..
By Andrew Callus and Douglas Busvine. LONDON/ MOSCOW, Oct 9- The billionaires who co-own Russian oil venture TNK-BP and want to buy out partner BP have told the British company they would rather sell their half of the $50 billion business than end up in a devalued partnership with state-backed rival bidder Rosneft.
Oct 9- Standard& Poor's Ratings Services said today that it left its' BB+' issue-level rating and its' 3' recovery rating unchanged on Western Gas Partner L.P.' s existing $520 million 4% notes due 2022 after the partnership announced it proposed to make an add-on of up to $150 million to the issue.
SACRAMENTO, Calif.-- A ballot initiative funded by a billionaire hedge fund manager is asking California voters to do what Gov. Opponents argue that repealing the tax break given three years ago would make California less friendly to multistate corporations and threaten existing jobs.
FORT WORTH, Texas-- Less than two weeks after announcing plans to slash its operations in Mexico, Cash America is adding new pawn shops in the U.S. The Fort Worth, Texas, company said Tuesday that it has signed two deals for 34 locations, in Tennessee, North Carolina, Kentucky and Arizona, for $68 million to $72 million.
*Launch now targeted for 1:30 p.m. EDT ( 1730 GMT. Oct 9- Plans for an Austrian daredevil to skydive from a balloon 23 miles over the New Mexico desert were on hold on Tuesday due to winds, but his team said the death-defying stunt could still happen later in the day.
RICHARDSON, Texas-- Fossil says Vice Chairman Mark Quick will retire from his post later this month and become a member of the board. This will bring Fossil Inc.' s board to 12 members. Shares of the Richardson, Texas company slipped 16 cents to $86.50 in morning trading.
WASHINGTON-- Nine years after the Supreme Court said colleges and universities can use race in their quest for diverse student bodies, the justices have put this divisive social issue back on their agenda in the middle of a presidential election campaign.
DALLAS-- First-quarter revenue at discount retailer Tuesday Morning rose slightly to $172.8 million, from $170.7 million, in the same quarter last year. Excluding one-time items, Tuesday Morning Corp. it expects its net loss for the quarter to "increase modestly" from the same quarter last year. Shares rose 6 cents to $6.28 in premarket trading.