Google buys Motorola Mobility in bold patent push
Google to pay 12.5 billion to acquire Motorola Mobility expanding its patent arsenal. The deal aims to defend Android amid lawsuits from Apple Microsoft and Oracle while signaling potential further big buys. Motorola owns about 17 000 patents and 7500 pending approvals as the smartphone patent arms race intensifies.
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Google
Motorola Mobility
Motorola
Apple
Microsoft
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Taiwan
HTC Corp
War of the wieners over 100 percent beef ads erupts in Chicago
In a Chicago courtroom legal battle between Sara Lee and Kraft Foods marketers of Ball Park and Oscar Mayer hot dogs, the case hinges on 100 percent beef claims and how tests without buns or condiments affect taste. Judges weigh whether ads mislead and whether tests excluded key tasters.
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Sara Lee Corp
Kraft Foods Inc
Oscar Mayer
U.S
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Sara Lee
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Denlon
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San Francisco
Stephen O'Neil
End of a defense contracting golden age amid war wind-down
With Iraq and Afghanistan winding down and bin Laden dead, defense spending and profits face a downturn. The 9/11 spike pushed the budget to about 708 billion in 2011. revenue for U.S. contractors rose from 217 billion in 2001 to 386 billion in 2010, with profits from 6.7 to 24.8 billion.
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Raytheon
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BAE
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Japan
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Ohio gas prices fall five cents in a week
Ohio regular gasoline averaged 3.56 a gallon statewide down from 3.61 a week ago as oil prices eased to the year’s lows. Last year at this time Ohio regular was 2.67. Market data from AAA, OPS and Wright Express cited.
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Micront
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At&t Inc
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