 | Good afternoon John |  |  | Google has agreed to pay $500 million to settle a probe into ads it accepted for online Canadian pharmacies selling drugs in the United States, the U.S. Justice Department said on Wednesday. The forfeiture is one of the largest ever in the United States, according to the DOJ. It represents Google's revenue from Canadian pharmacy advertisements to U.S. customers through Google's AdWords program and Canadian pharmacies' revenue from U.S. sales.
Apple won another battle in the mobile tech patent wars on Wednesday when a Dutch court ruled that Samsung Electronics must stop marketing three of its smartphone models in some European countries. Apple, which has conquered the high end of the phone market with its iPhone, argued that Samsung had infringed on three of its patents. The court ruled that Samsung smartphones Galaxy S, S II and Ace breached just one of Apple's patents.
BlackBerry users tired of the narrow selection of apps available to them should welcome news that models expected next year will be able to run apps designed for Google's Android mobile platform. According to a Bloomberg report, which cites three unnamed sources, Research in Motion plans to make its forthcoming BlackBerry models Android-compatible in an attempt to boost sales of its smartphone models and win back consumers. The Android Market currently offers more than 250,000 apps, nearly six times as many as RIM's own app store, the article notes.
Reversing its view from a year ago, a federal appeals court said Verizon Wireless customers must resolve disputes over alleged fraudulent cellphone charges individually through arbitration rather than as a class. Some consumer advocates say arbitration favors companies by making it too costly for consumers to bring small claims.
Guess who's moving to Silicon Valley? Hollywood's largest talent firm CAA is. The agency is considering opening an office in Silicon Valley to expand ties with the technology community, two people familiar with the firm's plans told Reuters correspondent Peter Lauria.
TiVo, the maker of digital video recorders, said revenue rose 19 percent as it signed new deals with cable operators to use its technology, sending its shares up in after-hours trading. | | | LATEST NEWS | | Apple wins ban on some Samsung smartphone sales | | August 24, 2011 01:26 PM ET | | AMSTERDAM (Reuters) - Apple won an injunction in a Dutch court on Wednesday to stop Samsung Electronics from marketing three smartphone models in some European countries after alleging a breach of patents. | Full Article | | Exclusive: Talent agency CAA mulls Silicon Valley office | | August 24, 2011 04:52 PM ET | | NEW YORK (Reuters) - Creative Artists Agency, the largest talent representation firm in Hollywood, is considering opening an office in Silicon Valley to expand ties with the technology community, according to two people familiar with the firm's plans. | Full Article | | Wall Street rises as investors exit gold | | August 24, 2011 04:40 PM ET | | NEW YORK (Reuters) - U.S. stocks posted strong gains for a second day on Wednesday as investors jumped back into beaten-down financial shares and backed away from safer assets like gold in volatile trading. | Full Article | | | BUSINESS NEWS
| | Deficit "super" panelists studying others' work | | August 24, 2011 05:37 PM ET | | WASHINGTON (Reuters) - The heads of a U.S. Congress deficit "super committee" said on Wednesday most members were reviewing budget-balancing studies of recent years in a sign the panel was unlikely to try to reinvent the wheel. | Full Article | | Gold posts biggest drop since 1980 on Fed fears | | August 24, 2011 05:11 PM ET | | NEW YORK (Reuters) - Gold futures fell more than $100 on Wednesday, one of the steepest falls ever, as strong U.S. economic data and expectations of more Federal Reserve stimulus accelerated profit taking from the safe-haven record high of a day ago. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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