Foxconn China factory halts after Taiyuan dorm riot injures dozens
Apple supplier Foxconn suspended production at a Taiyuan facility after a violent dormitory clash involving up to 2000 workers injured 40. Police and company say incident not work related as 5,000 officers were dispatched. Foxconn employs 79,000 at the site and other cities.
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TiVo Indicts Verizon in $250.4 Million Patent Settlement
TiVo and Verizon settle all litigation with Verizon paying at least $250.4 million to license TiVo digital video recording tech. Initial $100 million cash plus $150.4 million in quarterly payments through July 2018. TiVo to receive credits and potential joint venture video service access through its DVRs.
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Germany sees fifth straight drop in business optimism
The Ifo index slid to 101.4 in September from 102.3 in August as Germany contends with debt crisis pressures. Based on 7,000 firms, the leading indicator signaled a weaker economy ahead. Germany remains Europe's economic powerhouse with a $3.36 trillion GDP and a 0.3 percent Q2 growth.
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