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Nokia and Apple settle patent dispute over smartphones

BERLIN (New York Times) — Nokia said Tuesday it had settled a two-year-old global patent fight with Apple over smartphone technology through a licensing agreement that will commit Apple to make a one-time payment to its Finnish competitor and to pay regular royalties in the future. The agreement settles all outstanding patent litigation between Apple, the […]

Honeywell to buy EMS Technologies for $506 million

(Reuters) – Diversified U.S. manufacturer Honeywell International Inc. is to buy EMS Technologies Inc for about $506 million to boost its presence in the mobile and satellite communication market. Honeywell offered $33 a share for EMS, a wireless communications products maker, representing a premium of 33 percent to EMS’ last closing price. In May, Reuters […]

Perkins & Marie Callender's files for bankruptcy

(Reuters) − Perkins & Marie Callender’s Inc, owner of the Perkins and Marie Callender’s restaurant chains, filed for bankruptcy in a Delaware court on Monday, citing a slump in sales due to weak economic environment in its primary markets. Perkins & Marie Callender’s, which is owned by New York-based investment firm Castle Harlan Inc, said […]

Facebook looking at IPO in first quarter

NEW YORK − (Reuters) – Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than $100 billion, financial news channel CNBC reported on Monday. Goldman Sachs is leading the chase to manage the lucrative offering, which could come […]

Stock futures rise after six weeks of S&P losses

(Reuters) – Stock index futures edged higher on Monday after six weeks of declines for the S&P 500 left equities at more attractive levels. The S&P 500 has tumbled nearly 7 percent on the back of a barrage of soft economic data after closing at its highest closing level in nearly three years on April […]

Wendy's/Arby's agrees to sell most of Arby's to Roark Capital

DOW JONES NEWSWIRES − Wendy’s/Arby’s Group Inc. agreed to sell most of its struggling Arby’s chain for $130 million in cash to a group led by private-equity firm Roark Capital Group in a deal that leaves it with an 18.5% ownership stake in the fast-food restaurant. Wendy’s/Arby’s turnaround efforts at Arby’s have helped improve sales, […]

Wrangler parent VF to buy Timberland for $2 billion

NEW YORK − (Reuters) – VF Corp, owner of clothing brands such as The North Face and Wrangler jeans, said it would buy shoemaker Timberland Co for $2 billion to boost its outdoor and action sports business. The deal values Timberland at $43 a share, a 43 percent premium to Friday’s closing price of $29.99 […]