Tag Archives: Million

AT&T to pay $105 million to settle charges it ‘crammed’ phone bills

By Diane Bartz WASHINGTON (Reuters) – Telecommunications giant AT&T Inc has agreed to pay $ 105 million to settle allegations that it put unauthorized charges on customers' cell phone bills, a practice known as cramming, the Federal Trade Commission said … Continue reading

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Top 20th-century art collection could sell for $85 million at auction

NEW YORK (Reuters) – A major collection of modern and contemporary art assembled by two of the 20th century’s most prominent collectors is expected to fetch more than $ 85 million when it hits the auction block next month, Sotheby’s … Continue reading

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Microsoft says Samsung owes $6.9 million in unpaid interest

SAN FRANCISCO (Reuters) – Microsoft Corp is demanding $ 6.9 million interest from Samsung Electronics in a dispute over smartphone patent royalties, according to a lawsuit unsealed by a New York federal court on Friday. Microsoft is asking the court … Continue reading

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JPMorgan hack exposed data of 83 million, among biggest breaches in history

(Reuters) – Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed when computer systems at JPMorgan Chase & Co were recently compromised by hackers, making it one of … Continue reading

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Philips Electronics to appeal ruling in $467 million patent lawsuit

(Reuters) – Dutch healthcare equipment company Philips said on Thursday it would appeal against a U.S court ruling ordering it to pay $ 466.8 million in compensation to Masimo Corp for infringing two patents. The patents related to technology used … Continue reading

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Philips Electronics loses $467 million patent verdict to Masimo

(Reuters) – A federal jury on Wednesday said Philips Electronics NA should pay $ 466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates. Shares of Masimo closed … Continue reading

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Samsung to invest $560 million in Vietnam TV production plant

SEOUL (Reuters) – South Korea's Samsung Electronics Co Ltd said on Wednesday that it will invest $ 560 million to build a consumer appliances production complex in Vietnam, its latest move to build manufacturing capacity in the country. Samsung, the … Continue reading

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Hackers charged with stealing Xbox, ‘Call of Duty,’ and US Army secrets worth over $100 million

Four hackers¬†have been jointly charged with conspiracies to commit computer fraud, copyright infringement, wire fraud, mail fraud, identity theft, and theft of trade secrets. Individually, they have been charged with counts of aggravated identity theft, unauthorized computer access, copyright infringement, … Continue reading

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Alibaba pays $459 million for stake in Chinese hotel tech company

BEIJING (Reuters) – Alibaba Group Holding Ltd, in its first big investment since raising $ 25 billion in a record-breaking New York initial public offering, has bought 15 percent of Chinese hospitality technology provider Beijing Shiji Information Technology Co Ltd … Continue reading

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Indonesia’s Bakrie Telecom sued in the U.S. over $380 million bond

By Eveline Danubrata and Umesh Desai JAKARTA/HONG KONG (Reuters) – Investors have filed a lawsuit in the United States against Indonesia’s PT Bakrie Telecom Tbk and associated companies for allegedly breaching the terms of a $ 380 million bond, by … Continue reading

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