HP wins 3 billion in damages from Oracle in lawsuit
A California jury ordered Oracle to pay Hewlett Packard 3 billion in damages after HP claimed Oracle breached a contract by ceasing development of the Itanium server platform. Oracle said it will appeal. HP General Counsel John Schultz cited harm to HP and customers.
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July 4 weekend travel bonanza fueled by low gas prices
With gasoline prices at a record low for Independence Day since 2005, about 43 million people are expected to travel this long weekend, a peak since 2001. AAA reports strong consumer sentiment, vacations of four nights are common, and Seneca Niagara Resort in Niagara Falls is sold out for five nights as the holiday weekend approaches.
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June U S new car sales rise 2 5 percent overall
U S new car sales edged up 2.5 percent in June with Ford Motor and Fiat Chrysler Automobiles posting gains while General Motors and Toyota posted declines. Industry incentives climbed to a June record, supporting volume despite shrinking small car demand.
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June auto sales shift toward retail despite VW slump
June sales leaders show Nissan up 13.1 percent and Honda up 3.2 percent via Autodata. Volkswagen Group declines deepen with a 21.8 percent drop for the VW brand and a 14.6 percent year to date slide, while Audi rises 1 percent to 18,445. Gas prices around 2.28 a gallon boost demand for larger crossovers and pickups like Nissan Rogue RAV4 Colorado and Renegade. Paul Holdridge of Toyota notes strong consumer confidence and growth momentum.
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