Monthly Archives: April 2012

Apple and Samsung Will Discuss Patent Settlement on May 21

Apple’s Chief Executive Tim Cook will meet Samsung CEO Choi Gee-sung to discuss ending numerous lawsuits between the two companies over smartphones and tablets.  The settlement conference w scheduled on May 21 and May

Freddie Mac: Mortgage Rate for 30-year mortgage fell to 3.88 procent

U.S mortgage rate for 30-year fixed loans dropped to near its record low, keeping home-buying and refinancing affordable.  The average rate for a 30-year mortgage fell to 3.88 percent in the week

Facebook Will Buy Microsoft Patents for $550 million

On Monday, Facebook announced that it will buy approximately 650 patents from Microsoft for $550 million in cash. According to sources, Facebook will acquire about 650 of 925 patents that Microsoft obtained from

Sprint Was Sued for $300 million Tax Fraud

On Thursday, Sprint Nextel Corp. was sued by New York’s Attorney General, who accused the wireless carrier of intentionally underpaying sales tax in the state for seven years.  According to New York’s

Verizon Will Activate LTE Network in 27 New Cities on Thursday

Verizon Wireless plans to activate its 4G LTE network in 27 new cities and improve coverage in 44 existing markets on Thursday, April 19. The company announced that it will cover more

IMB plans to buy Varicent Software

International Business Machines Co (IBM) announced Friday that it plans to buy Varicent Software Inc., a Canadian provider of analytics software to manage compensation and sales performance. Varicent is a private company

Department of Justice Filed Antitrust Lawsuit Against Apple

On Wednesday, the U.S. Department of Justice filed an antitrust lawsuit against Apple Inc. and several book publishers over e-book prices.  The DOJ said that Apple reached an agreement with several publishers

Nissan Unveiled Leaf Electric Luxury Car

Nissan Motor Co. unveiled its new brand, a prototype of the first Infiniti luxury electric car, at the 2012 New York International Auto Show.  “As a ‘production intent’ concept, most of what

The U.S. Housing Finance System

U.S. Treasury Secretary Timothy Geithner said on Wednesday that the United States is far behind on reforming the country’s housing finance system, where the government’s mortgage buyers Fannie Mae and Freddie Mac provide funding

Coty’s Offer to Buy Avon Products for $10 billion

Coty Inc., a European perfume company that has made fragrances for Madonna and Beyonce, offered to buy Avon products Inc. for about $10 billion.  But the Coty’s offer was refused today by