Articles By Samuel Weigley
Media conglomerate Vivendi, the Paris-based parent of Universal Music Group, officially sought approval from the European Union to purchase London-based EMI Group's recorded-music business, the European Commission announced Monday on its website.
The Johannesburg-based company earned $336 million or 47 cents a share in the fourth quarter, up 27 percent from the prior quarter. The company earned $973 million in 2011, compared with $153 million in 2010.
The bonds were found in the compartments of three different safety deposit boxes located in Zurich.
The lawsuit, filed in the U.S. District Court of Delaware, accused each company of violating 15 different patents related to wireless network services, both individually and through interoperability agreements among the wireless carriers.
The Dow Jones Industrial Average rose 0.76 percent to 12,884.75 by early afternoon trading, while the Nasdaq rose 1.01 percent to 2,945.17. The S&P 500 rose 0.83 percent to 1,354.37.
Chief Executive Officer Tim Cook told the Wall Street Journal that the Cupertino, Calif.-based company's new Macintosh operating system, dubbed the "Mountain Lion", will use several different features from the iPhone.
The companies argue that the shareholder votes would meddle into routine company business.
LightSquared, a closely held firm based in Reston, Va., had invested $4 billion in airwaves in order to offer wireless Internet service at higher speeds to as many as 260 million customers. The company received conditional approval from the FCC in early 2011.
The effects of a network-sharing deal with LightSquared are also excluded, Sprint said in an SEC filing.
Xstrata PLC is looking to sell 20 percent of its proposed A$6 billion (US$6.4 billion) Wandoan Coal Project, to take place west of the Wandoan township in Queensland, Australia.