One day after a jury in Tyler, Texas, ordered Apple to pay Smartflash $533 million for using its patents without permission, Smartflash sued Apple again. This time it wants damages based on sales of Apple’s newer devices. Apple was also hit with a fresh patent infringement suit from Swedish telecom giant Ericsson.
4 hours ago
Alibaba’s payment arm is preparing for an IPO.
Ant Financial, controlled by Alibaba executives but separate from the Chinese e-commerce giant, could go public in mainland China as early as 2016, according to the Wall Street Journal (paywall). The company, which owns Alibaba’s massive e-payment service Alipay, is currently worth “tens of billions of dollars.”
25 mins ago
The US attorney general says it’s time for shopping malls to “step up” security.
Referencing a recent video from terrorists threatening attacks on shopping centers in the US and other western countries, Eric Holder said that malls should “increase their capabilities when it comes to keeping people safe who are just going about their everyday lives.” Holder, who will soon be out of office, was giving an exit interview to CNN.
An atheist blogger is hacked to death in Bangladesh.
Avijit Roy, an American of Bangladeshi origin who wrote about liberal secularism, was attacked by men with machetes who also seriously injured his wife. Roy is the second atheist blogger to be killed in Bangladesh in the past two years.
February 27, 2015
Coca-Cola taps the euro bond market for $9.5 billion.
Capitalism is much easier to love in emerging markets.
February 27, 2015
Japanese inflation misses the mark.
Consumer prices excluding fresh food rose 2.2% in January from a year earlier, below an expected 2.3% increase. Stripping out the effects of last year’s tax rise, prices rose just 0.2%, which could signal the need for further government stimulus measures this year.