Samsung Told To Pay Apple $119m In Patent Row

Samsung has been ordered to pay $119.46m (£70m) in damages to Apple after the South Korean company was found guilty of violating two patents on smartphone features. In the latest lawsuit involving the two tech giants, a jury in a federal court in San...

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Former Cadbury Chair Warns Over Pfizer Deal

By Mark Kleinman, City Editor The businessman who oversaw the sale of Cadbury in 2010 has warned against formal state intervention in the £63bn takeover bid for AstraZeneca, the British pharmaceuticals giant. Speaking to Sky News, Sir Roger Carr,...

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US Jobless Drops To Lowest Rate Since 2008

The jobless rate in the United States fell to 6.3% in April, its lowest level since September 2008. A total of 288,000 new jobs were created last month, more than a third up on the figure forecast by economists. The Labor Department said job creation...

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Four Million Households Owe Energy Supplier

Almost four million households owe money to their energy supplier - with debts averaging £128, a survey has found. The amount owed by the 14% of households in debt has increased by an average of £5 since last year, after a mild winter failed...

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RBS Pre-Tax First Quarter Profit Hits £1.6bn

The taxpayer-backed Royal Bank of Scotland has seen a large rise in its first quarter profit, sending its share price up by more than 12%. After the initial stock price surge, trades eased to high single digits and remained a key driver of the FTSE...

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Carlyle Steers RAC Group Towards £1.5bn Exit

By Mark Kleinman, City Editor The private equity firm which owns the RAC breakdown recovery service is mapping out a £1.5bn sale or stock market listing. Sky News has learnt that The Carlyle Group has appointed Lazard, the investment bank, to provide...

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The Week's Big Business Stories

Sky's Naomi Kerbel offers a round-up of what's been and what is coming up in the week's business news. :: Monday, May 5 - financial markets closed :: Tuesday, May 6  Barclays will announce its first-quarter results for 2014 on Tuesday and Just...

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AstraZeneca Rejects New £63bn Pfizer Bid

Pfizer Letter To David Cameron Over Deal Updated: 7:52am UK, Friday 02 May 2014 American drugs giant Pfizer has written a letter to David Cameron, in an attempt to take the political heat out of its bid for UK rival AstraZeneca. Here is the letter...

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The True Cost Of London's £140m Apartment

It's tempting to see the story of the £140m London apartment that just sold to a Ukrainian buyer as yet more evidence of the madness in the UK housing market. But while there is now little doubt that the London property market is in the midst of a bubble,...

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Ex-Trade Minister Queries Pfizer Bid Pledges

By Mark Kleinman, City Editor The trade minister in the last Labour government has questioned the integrity of a pledge by Pfizer to protect British jobs if it acquires AstraZeneca and suggested that a dedicated panel should be established to rule...

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