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Microsoft has filed complaints against TomTom in both the U.S. District Court in Seattle and with the International Trade Commission, alleging that the GPS gadget maker has infringed eight of its patents. Is this another day, another tech patent suit story? If it were any other plaintiff, perhaps.
The sight of a Citibank logo makes Rumi Turkel cringe. She’s seen her banking fees climb, and found out Tuesday that interest rates on her savings accounts have fallen again. That’s not to mention the substantial amount of money she says her family has lost from owning stock in the bank’s parent company, Citigroup.
Apple cofounder and CEO Steve Jobs still expects to return from his medical leave at the end of June, according to an Apple director who responded to an investor at the company’s annual shareholder meeting Wednesday. The investor — who was the only one to press for details on Jobs’ health — had asked when the board knew Jobs planned to step away from his daily duties.
IBM is standing by its surprisingly strong 2009 guidance, backing a $9.20-per-share profit forecast on momentum in emerging markets and services and software so far this year. Shares jumped nearly 5 percent. The Armonk, N.Y.-based company’s chief financial officer, Mark Loughridge, told a conference in San Francisco on Thursday that IBM is on track to hit its financial targets based on encouraging numbers from January.
Cablevision Systems posted a loss for the fourth quarter Thursday, dragged into the red by a hefty write-down on the value of its Newsday newspaper. The cable TV operator says it lost $321.4 million, or $1.11 per share, compared with a profit of $6.6 million, or 2 cents per share, in the fourth quarter of 2007.