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IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

IBM Seeks $167M from Groupon for Infringing Ecommerce Patents

International Business Machines Corporation(NYSE: IBM) asked a U.S. jury to award USD 167 Million in a lawsuit accusing Groupon,Inc. (NASDAQ: GRPN) for using patented technology from several high-end tech companies. IBM’s lawyer, John Desmarai..

HSBC ahead in Foreign Investment

HSBC ahead in Foreign Investment

HSBC has a three year head start on their foreign investment banking competitors in China due to their management control of their securities venture. Currently, non Chinese groups are limited to only 49% per cent stakes in joint ventures. However, ..

Uber CEO Apologizes to London; Working on improvements

Uber CEO Apologizes to London; Working on improvements

Last Friday, Uber Technologies Inc. was stripped of its license to operate in the city of London due to the officials deeming the ride hailing service unsafe as well as practicing unregulated business activity. Uber said it would appeal the decision..