Latest Business Wires

Patent holding company Klausner Technologies Inc. on Monday said it's suing Motorola Inc. and the maker of BlackBerry smartphones for allegedly violating its patent for visual voicemail.

Coffee chain retailer Peet's Coffee & Tea Inc. says it has raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. by about 24 percent to $265 million.

Pharmasset Inc. said Monday that it will continue enrolling patients in a clinical trial of RG7128, a drug that is designed to treat the liver disease hepatitis C.

Molson Coors said Monday it has appointed Krishnan Anand as president of Molson Coors International, effective Dec. 17.

British drugmaker GlaxoSmithKline PLC said Monday it is temporarily withdrawing its application for U.S. approval of a drug to prevent prostate cancer.

New Jersey's governor-elect and Pennsylvania Gov. Ed Rendell met for the first time since the election on Monday and seemed optimistic about working together.

Aecom Technology Corp., a provider of technical and management support services to businesses and government agencies, said Monday that Vice Chairman Raymond (Ray) W. Holdsworth plans to retire Dec. 4.

Tennessee House Speaker Kent Williams says there's no consensus among lawmakers about whether to call a special legislative session next month to delay a workers compensation law.

Moody's Investors Service said Monday it has put the debt ratings of chemical company FMC Corp. on review for a possible upgrade one notch higher.

Bank holding company Zions Bancorp. on Monday announced an offer to exchange about $140 million of its preferred stock for common stock.

Willis Lease Finance Corp., an aircraft engine leasing company, said Monday it has obtained a new $240 million revolving credit facility.

Israel's central bank has raised its interest rate a quarter point to 1 percent, noting third quarter growth figures indicating Israel has weathered the world economic crisis.

An analyst for JPMorgan upgraded shares of WellPoint Inc. and Cigna Corp. Monday, saying the stocks should trade higher as the details of a federal health care reform bill come into focus.

The Tennessean newspaper's president and publisher, Ellen Leifeld, is retiring and Gannett Co. Inc. has named Carol Hudler to replace her.

The state auditor has ordered a performance audit of the Ohio Lottery over the uncertainties of gambling revenue, but the lottery has balked at the idea and asked that the idea be reconsidered.

Fabrinet Co., which manufactures components for optical communication systems and other products, said it plans to raise $150 million in an initial public offering.

The Detroit Lions have sold out the Thanksgiving NFL game against Green Bay, avoiding a local TV blackout.

Tech Data Corp. on Monday said its third-quarter net income more than doubled as lower interest expenses and a smaller foreign-exchange loss more than offset a decline in revenue.

Medtronic, the world's largest medical device maker, reports earnings for the second fiscal quarter of 2010 on Tuesday. The following is a summary of key developments and analyst opinion for the last period.

Home sales have risen in Ohio and across the country thanks to first-time buyers rushing to take advantage of an expiring tax credit.