Category: Companies

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Microsoft Has Filed A Suit Against Foxconn Parent Company Hon Hai For Missing Patent-Licensing Payments

Tech giant Microsoft is taking legal action against Foxconn parent Hon Hai, after the Taiwanese consumer-electronics manufacturer allegedly failed to comply with a patent-licensing agreement from 2013. In a Friday court filing, Microsoft accused Foxconn of failing to provide twice-yearly royalty reports concerning certain unspecified products and has not made royalty payments on time. The suit was filed in the U.S. District Court for the Northern District of California.

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Deutsche Bank Management Board Reportedly Agrees To Commerzbank Merger Talks

The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Sunday. The source, who spoke on condition of anonymity, confirmed information reported earlier by the Welt am Sonntag newspaper. The person said that first unofficial contacts have taken place in a very small group and that talks were at a very early stage.

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Target Corp. Beat Analysts’ Expectations For Its Earnings And Revenue

Target delivered better-than-expected earnings during the critical holiday sales period as the retailer’s in-house brands and easy delivery options drew its strongest traffic and same-store sales growth in more than a decade. The company’s adjusted earnings per share hit a new record and its digital sales surged more than 25 percent for the fifth year in a row, even as its net income slid 26.5 percent.