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Philips Electronics loses $467 million patent verdict to Masimo

- A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates.

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FAA gets more applications for drone use exemptions

WASHINGTON - The Federal Aviation Administration has received nearly a dozen new applications to allow commercial use of unmanned aircraft over the past week, and it plans to publish draft rules to allow broader use by the end of the year, the top agency official for the program said on Wednesday.

3:42pm EDT

Exclusive: Goldman leads investment by Wall Street in new communications platform

NEW YORK - After spending two years developing a wide-ranging communications tool for Wall Street, Goldman Sachs Group Inc says it has reached the perfect pitch.

Money, 10:50am EDT

Samsung to invest $560 million in Vietnam TV production plant

SEOUL - South Korea's Samsung Electronics Co Ltd said on Wednesday that it will invest $560 million to build a consumer appliances production complex in Vietnam, its latest move to build manufacturing capacity in the country.

Deals 6:23am EDT

Rocket Internet likely to IPO at the upper end price range: sources

FRANKFURT - Rocket Internet , the global e-commerce investor, will likely price its flotation at the upper end of the 35.50 euros ($44.75) to 42.50 euros a share price range, three people familiar with the deal said.

Deals 9:32am EDT

Putin rules out Internet curbs despite cyber attacks

MOSCOW - President Vladimir Putin said on Wednesday he would not restrict Internet access for Russians but Moscow must protect state domains against a surge of cyber attacks since the Ukraine crisis began.

Cyber Crime 10:03am EDT

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