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Apple wins key German patent case against Samsung

Apple won the latest battle in a global legal war with Samsung on Friday when a German court banned the Korean firm from selling a tablet computer in Germany, ruling it had copied the iPad. The court, in the western city of Duesseldorf, said Samsung’s Galaxy Tab 10.1 computer, a…

Major Yahoo shareholder calls for new board

NEW YORK (Reuters) – Shareholder activist Daniel Loeb has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the directors have made “serious misjudgments” and “destroyed value” for stockholders. A “reconstituted board with new directors who will bring fresh eyes, relevant industry expertise…

Bank of America discussing up to 40,000 job cuts: report

BANGALORE (Reuters) – Bank of America Corp officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal said, citing people familiar with the plans. The number of job cuts are not final and could change. The restructuring aims to reduce the bank’s…

Budget cuts will mean smaller U.S. Army: general

Under mounting budget pressure, the US Army probably will have to shrink the size of its force below a planned target of 520,000 troops, the new Army chief of staff said Thursday. General Ray Odierno, who took over as Army chief Wednesday, said the push to reduce the deficit would…

As cartels rapidly expand in U.S. cities, authorities confront futility of drug arrests

America’s war on drugs is virtually lost on all fronts: illicit drug use is increasing, drug cartels are growing stronger and enforcement is becoming less effective — and the government is well aware of all this, according to documents released this week. In three separate releases this week — a…

‘Copyright troll’ Righthaven loses key client as lawsuits taper off

The company Righthaven, LLC., known to its critics as a “copyright troll” that earns its money by suing media organizations over copyright claims, has been struggling lately thanks to a string of court losses — but on Thursday the company may have sustained a fatal blow. With over 50 newspapers,…

Mexico detains 80 in crackdown on drug gang communications

Mexican troops detained 80 suspected members of the Zetas drug gang, including six police, in eastern Veracruz and broke up their network of encrypted communications, the military said Thursday. The raid meant that the Zetas had lost their lines of communication and control over the organization, said Jose Luis Vergara,…

Fed prepared to act to boost growth: Bernanke

The Federal Reserve is ready to take new action to speed up the economy, Fed chief Ben Bernanke said Thursday, but warned that government budget-cutting could hold back growth. “The Federal Reserve has a range of tools that could be used to provide additional monetary stimulus,” Bernanke said in a…

Twitter says use rocketing and going mobile

SAN FRANCISCO — Twitter said Thursday that the number of active monthly users has soared to more than 100 million with the majority of people logging in on the go. “We’re seeing tremendous growth on mobile,” Twitter chief executive Dick Costolo said during an informal ‘state of the union’ update…

China hits back at Romney trade jibes

China slammed US presidential hopeful Mitt Romney Thursday after he said he would end his country’s “trade surrender” to Beijing, accusing him and other would-be candidates of “scapegoating China”. An English-language commentary by the state Xinhua news agency called his remarks “old-fashioned and ill-advised”, warning: “China is no cause of…

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