Apple faces $400 million in damages in university patent case: sources

By Andrew Chung NEW YORK (Reuters) – Apple's potential damages in a patent fight with the University of Wisconsin's licensing body could reach $400 million as a trial on the amount Apple owes for infringing a processor patent got under way on Wednesday, two people familiar with the case said. The figure is less than half the amount that U.S.

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Internet gap hinders small firms in poor countries, study shows

By Tom Miles GENEVA (Reuters) – A study of small and medium-sized businesses around the world has found that one of the main reasons they underperform – especially in poorer countries – is that they make too little use of the Internet. Small and medium-sized enterprises (SMEs) in Brazil are three times less productive than big firms there while those in India are 10 times less productive

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Twitter announces layoffs as CEO Dorsey looks to revive growth

The layoffs, primarily in the company's engineering and product functions, come a week after Dorsey took over as permanent CEO. Shares of Twitter, which had about 4,100 employees globally as of June 30, rose as much as 6.7 percent to $30.68 on Tuesday. “We feel strongly that engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce,” Dorsey said in a letter to employees

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UAE’s Etihad Airways signs $700 million IT deal with IBM

Abu Dhabi's Etihad Airways has signed a 10-year $700 million deal with IBM for a range of information technology services and infrastructure, the companies said on Tuesday. The state-owned airline with equity stakes in Alitalia [CAITLA.UL] and Air Berlin among others chose IBM to move its IT infrastructure to cloud-based platforms to serve its clients better, a statement said.

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Turkish editor jailed pending trial for insulting Erdogan: media

A newspaper close to an Islamic cleric foe of Tayyip Erdogan said its editor had been remanded in custody ahead of trial on charges of insulting the Turkish president, fueling fears of a media clampdown ahead of a Nov. 1 election. The English-language Today’s Zaman chief editor Bulent Kenes was detained at its Istanbul offices on Friday, Dogan news agency said, and sent to Metris jail in Istanbul by court order

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