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Apple 'bet company' with iPhone launch
Aug 2, 11:23 am
London, Aug 2 (ANI): In the 2.5 billion dollar patent trial between tech giants Apple and Samsung, a U.S. court has heard that the former was "literally betting the company" when it introduced the iPhone.In the clash, which has been called the 'patent battle of the century', jurors would be deciding whether Samsung "slavishly" copied Apple's designs, as the iPhone-maker claims, and whether Apple unlawfully used 3G technologies patented by South Korean mobile maker."Apple were about to enter a field dominated by giants," The Telegraph quoted Harold McElhinny, a lawyer for Apple, as saying, adding further that the designers of the firm created a "phone the world had never seen before."In Apple's opening statement, the firm revealed an internal review of the iPhone done by Samsung in late 2007 in which it is described as "beautiful" and "easy to copy.""As we all know it's easier to copy than innovate," McElhinny added.In the lawsuit filed by Apple, the firm is seeking 2.5 billion dollars in lost profits and royalty fees from Samsung, accusing the firm for copying its
iPhone and iPad
designs, the paper said.However, Samsung reportedly responded with its own filing, alleging that Apple was trying "to stifle legitimate competition and limit consumer choice to maintain its historically exorbitant profits"The trial is expected to last about a month, the paper added. (ANI)
CII says S and P retains 'negative' outlook on India
May 18, 11:57 am
New Delhi, May 18 (ANI): The negative outlook affirmation by S and P for India's BBB- status is unfortunate, Chandrajit Banerjee, Director General of the Confederation of Indian Industry (CII), has said.
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Dow, S and P set record highs, log 4-week winning streak
May 18, 10:36 am
Beijing, May 18 (Xinhua-ANI): U.S. stocks bounced back on Friday to end the week for a fourth straight gain, with the Dow Jones Industrial Average and S and P 500 closing at all-time highs.
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Government claims economy on right track, reforms to continue
May 18, 9:24 am
New Delhi, May 18 (ANI): The government has said that the nation's economy is on right track and that reforms will continue.
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India-EU BTIA conclude another round of negotiations
May 18, 9:24 am
New Delhi, May 18 (ANI): Chief negotiators of India and the European Union (EU) met here from May 15 to May 17 and concluded another round of negotiations for the India-EU Broad-based Trade and Investment Agreement (BTIA).
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