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Apple files $1 billion lawsuit against chip supplier Qualcomm

Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones.

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OPEC, non-OPEC producers meet to discuss compliance with oil cut deal

VIENNA A committee of OPEC and non-OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday.

4:25am EST

Morgan Stanley, Citi plan Brexit job moves: sources

LONDON/FRANKFURT U.S. banks Morgan Stanley and Citigroup have identified many of the roles that will need to be moved from Britain following its exit from the European Union, sources involved in the processes told Reuters.

Jan 20 2017

U.S. bankruptcy court judge OKs $425 million for Avaya loan

NEW YORK A U.S. bankruptcy court judge granted Avaya Inc approval on Friday to tap $425 million of the $725 million loan proposed to carry the telecommunications company through its restructuring, funds the company said were essential to continue operations.

Jan 20 2017

Morgan Stanley CEO James Gorman's 2016 pay up 7 pct to $22.5 million

Morgan Stanley Chief Executive James Gorman's overall pay rose 7 percent in 2016 as the Wall Street bank's stock soared and it edged closer to hitting a key profitability target.

Jan 20 2017

TrailStone buys Cargill's power and gas group: sources

HOUSTON Commodities trader and investor TrailStone Group has purchased Cargill Inc's gas and power trading group, three sources familiar with the deal said this week.

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