MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
Dec 26 A federal jury on Wednesday ordered Marvell Technology Group Ltd to pay $1.17 billion in damages in a patent infringement lawsuit brought by Carnegie Mellon University, court records show.
Marvell was accused of infringing patents for technology to increase the accuracy with which hard disk drive circuits read data from high-speed magnetic disks, lawyers for Pittsburgh-based Carnegie Mellon said.
The damages award was detailed in a verdict form made public in U.S. district court in Pittsburgh.
The verdict included a finding that the infringement was willful, which could let the trial judge award triple damages, Carnegie Mellon lawyers said.
Marvell could not immediately be reached for comment. Its shares fell after the verdict was announced, and in afternoon trading were down 60 cents, or 7.3 percent, at $7.65 on the Nasdaq.
MEXICO CITY, Sept 24 A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.
TORONTO, Sept 24 Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co.