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NEW YORK: The late Steve Jobs took center stage Monday in the latest twist in the Apple antitrust trial on ebooks.A federal court attempted to plumb the meaning of a series of unsent emails Jobs addressed to Eddy Cue, an Apple senior vice president assigned with negotiating ebook contracts with major publishers in late 2009 and early 2010 before the launch of the iPad.Even though the emails were never sent, government prosecutors argue that they help establish a pattern of Apple serving as a "ringleader" in a conspiracy with the publishers to force the retail book industry to adopt higher prices of ebooks. The government contends that Apple forced publishers to change their pricing system with Amazon, resulting in higher ebook prices across the industry and costing consumers hundreds of millions of dollars.Apple maintains that it was indifferent to Amazon's contracts with the publishers and that higher ebook prices were ...
WASHINGTON: US pharmaceutical companies can be sued for making deals that keep the cost of drugs high by delaying the creation of less expensive generic medications, the US Supreme Court ruled on Monday.So-called "pay-for-delay" arrangements, which allow drug manufacturers to keep cheaper generics off the market for a time, are "unusual, and there is reason for concern that such settlements tend to have significant adverse effects on competition," read the decision written by Associate Justice ...
GENEVA: Switzerland said Monday that it wants the OECD group of industrialised nations to broker a global deal on the exchange of information about people who bank their cash outside their homeland.In a statement, the Swiss government said that a "global standard" was necessary for the automatic exchange of information for taxation purposes."The most suitable body for preparing this would be the broadly based Organisation for Economic Co-operation and Development," it said, referring to the ...
ZURICH: Foreign banks based in Switzerland called on Monday for a rapid resolution of a dispute with Washington over Swiss banks' role in tax evasion by Americans, warning the prolonged uncertainty was putting entire financial institutions at risk.Alfredo Gysi, who heads the Association of Foreign Banks in Switzerland, told reporters in Zurich he hoped the lower house of the Swiss parliament would give its blessing Tuesday to a secretive deal between Bern and Washington to ...
PARIS: The board of French telecom operator Orange on Monday voted to retain Stephane Richard as company boss after he was charged in a corruption probe linked to IMF chief Christine Lagarde when she was French finance minister.The board meeting came just hours after President Francois Hollande said in a television interview that he had instructed the three state members on the board to vote for Richard staying on at the helm of the company.A ...
LE BOURGET: Brazilian aircraft maker Embraer's launch Monday of a new family of regional jets at the Paris Air Show hit the ground running with 100 firm orders and 215 intentions to buy the aircrafts.The world's third largest commercial aircraft maker has decided to modernise its current, popular fleet of E-Jets after abandoning an initial idea of launching a completely new, bigger regional plane.Baptised the E-Jets E2, the new family is made up of three ...
LE BOURGET: The world's biggest air show began with a huge order for the Airbus superjumbo, deals for Boeing's troubled Dreamliner, and a bang from thunder and lightning on Monday.The Paris Air Show at Le Bourget started with a slew of orders for Airbus and Boeing in their constant battle for supremacy in the booming market for airliners, with strong demand from emerging markets.The two rivals are fighting to get an edge in the market ...More Articles...
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