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GlaxoSmithKline Accused Of Paying For Delay Of Generic (NYSE:GSK)

GlaxoSmithKline has been accused of paying three rivals to delay the introduction of a generic version of an antidepressant drug. The company is accused of abusing its dominant position in the market, keeping prices artificially high and denying significant cost savings to the National Health Service, Britain’s state-run health provider. The accusations were made by British antitrust authorities... 

BlackBerry 10 Improves Profits For Research In Motion (NASDAQ:BBRY)

BlackBerry’s Z10 boosted quarterly profits for the company after shipping 1 million units since its rollout in January of this year. The Z10 is the first device powered by the BlackBerry 10 operating system, and the company hopes to gain back some of its lost market share. Over 55 percent of Z10 buyers came from competing platforms, which a good sign for the company. However, the market needs more... 

Apple Rebuked In China Over Warranty Policies (NASDAQ:AAPL)

A Chinese network recently broadcast an investigative report that included Apple as one of the companies operating in China that delivered poor treatment to their customers. Apple was criticized in the report for only offering a one-year warranty on iPhones, which is less than the two years China law requires, and for making customers pay for faulty back cover repairs. Timothy D. Cook, chief executive... 

Google Submits Proposal To European Union To Avoid Fines (NASDAQ:GOOG)

Multiple Web companies are asking antitrust officials to ask Google to change their business practices. Several companies, including Foundem ( a British online shopping service), want the E.U. to negotiate tougher guidelines with Google to protect smaller European competitors. In Europe, Google searches are used more than 80% of the time. The Web companies say the algorithm currently used by Google... 

Sears Holdings Searches For The Right Path (NASDAQ:SHLD)

Earlier this year, Eddie Lampert of ESL Investments appointed himself as acting chief executive officer of Sears Holdings, which has been facing difficulties in the retail market. It’s been more than a decade of work for Lampert, who has been trying to revive the retail company. His hedge fund started buying Kmart in 2002, and owned more than half of the company after its bankruptcy in 2003. Lampert... 

Oracle’s Sales Team Fails To Meet Expectations (NASDAQ:ORCL)

Oracle’s expansive sales team is being blamed for poor performance in the third-quarter. Software sales were a huge miss for the company. Hardware sales are also affecting the business’s profit projections and driving the company’s share price down. Competition from other companies offering cloud or Internet based software is increasing, which has contributed to the decrease in hardware sales. The... 

Copyright Law Takes Aim At Google in Germany (NASDAQ:GOOG)

German lawmakers passed legislation that will limit search engines and online aggregators to only using a small amount of text from links and brief summaries without having to pay the publishers for the content.  Publishers are asking companies like Google to share the profits it receives from advertisements placed beside the news it links to. The Free Democratic Party changed the bill at the last... 

Netflix Leads Online TV Race (NASDAQ:NFLX)

Companies like Netflix are finding themselves in a position where creating unique content to air is starting to make good business sense. Shows like Game of Thrones, The Walking Dead, and Breaking Bad have a large amount of loyal viewers, and it’s often said that the shows are better than movies. Netflix airs its own shows like Lillyhammer, which also aired on Norway’s NRK network, and have earned... 

Unions Deliver Petitions To Amazon In Germany (NASDAQ:AMZN)

Activists delivered the results of an online petition to the doorstep of retail giant Amazon in Bad Hersfeld, Germany. The petition demands the retailer negotiate a union wage contract with the nonunion work force in Germany. The union, ver.di, executed the delivery by masquerading as the company’s chief executive, Jeff Bezos, while television crews watched. The protest was triggered by a documentary... 

R.B.S. Plans Sale Of Assets To Support Rebound (NYSE:RBS)

The Royal Bank of Scotland announced plans to trim down its investment banking business and sell assets in an attempt to satisfy its shareholders and regulators. Stephen Hester, chief executive of R.B.S. initiated a multiyear strategy that refocuses operations and strengthens the bank’s capital. The results will create a smaller bank with acute focus on Britain. “R.B.S. is four years into its recovery... 
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