Bose sues Beats over headphone patents
Audio technology veteran Bose Corporation sued Beats Electronics over patented technology for canceling noise in earphones.
26 July 2014
US food firm sorry over China 'bad meat' scandal
The US food supplier at the centre of an expired meat scandal in China has apologised, as KFC and Pizza Hut's parent company said it would stop using the firm's products in the key Chinese market.
Kazakhstan and Russia discuss extending sales contract for Karachaganak gas
Since 2002 Gazprom of Russia and KazMunaiGas National Oil Company have been cooperating within a JV KazRosGas to sell gas from Karachaganak field, send it to Russia’s Orenburg-based gas treatment facility to be further sold to consumers both in Kazakhstan and Russia.
FedEx indicted for shipping illegal online pharmacy meds
The US Justice Department announced that package-delivery giant FedEx has been indicted for allegedly facilitating the distribution of controlled substances and prescription drugs sold by illegal online pharmacies.
Government slaps $579 million penalty on India's Reliance
The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
Softbank in deal to merge Sprint, T-Mobile: report
Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.
12 July 2014
Ride-share operator Lyft's New York launch hit snag
Ride-share operator Lyft was forced to postpone its planned launch in New York after a court intervened over demands that it satisfy local safety and licensing requirements.
12 July 2014
Japan shipping giant plans first regular Arctic route
Japan's Mitsui O.S.K. Lines announced plans for the world's first regular commercial shipping route through the Arctic Ocean, starting in 2018, in an attempt to reduce sailing times.
09 July 2014
Chinese court rules against Apple in patent case
US technology giant Apple has lost a lawsuit against a Chinese state regulator over patent rights to voice recognition software such as the iPhone's "Siri", a Beijing court said.
Samsung Electronics flags 25% plunge in Q2 profit
Samsung estimated Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.