Companies


    • BP exits Alaska in $5.6bn deal

      BP exits Alaska in $5.6bn deal

      British oil giant BP announced Tuesday it will sell all of its Alaska operations for $5.6bn, exiting the state after 60 years to help meet divestment goals. The local firm Hilcorp Alaska will acquire the BP assets, including operations in the mammoth Prudhoe Bay oilfield, BP said in a statement.

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    • J&J to pay $572m for opioid addiction crisis

      J&J to pay $572m for opioid addiction crisis

      An Oklahoma judge on Monday ordered US health care giant Johnson & Johnson to pay $572m in damages for its role in fostering the state's opioid addiction crisis. In the first civil trial of a drugmaker over an epidemic that has caused hundreds of thousands of overdose deaths, Judge Thad Balkman said prosecutors had demonstrated that J&J contributed to a "public nuisance" in its deceptive promotion of highly addictive prescription painkillers.

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    • Apple, Samsung sued over handset RF emissions

      Apple, Samsung sued over handset RF emissions

      Apple and Samsung have been hit with a class-action lawsuit over claims that their phones expose users to radio frequency emissions up to 500 percent beyond the limits "set forth by the Federal Communications Commission (FCC)," the website Apple Insider reported on Saturday.

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    • Audi to join Mercedes, BMW development alliance

      Audi to join Mercedes, BMW development alliance

      Audi is set to join an alliance with rivals Daimler and BMW to develop advanced driving assistance systems, German weekly Wirtschaftswoche said on Thursday. According to the newspaper, Audi, a unit of Volkswagen will announce the alliance at the Frankfurt auto show in early September.

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    • Qualcomm strikes new licensing deal with LG

      Qualcomm strikes new licensing deal with LG

      After extended negotiations and a lawsuit that threatened to “impact the entire 5G market,” Qualcomm, the world's largest seller of smartphone chips, said it had entered into a licensing deal with LG Electronics that will continue the South Korean company’s access to the US chipmaker’s 3G, 4G, and 5G cellular modem technologies.

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    • US readies antitrust probe of tech titans

      US readies antitrust probe of tech titans

      Top prosecutors from a group of US states are readying a joint investigation into whether major technology firms have violated antitrust law, the Wall Street Journal reported Monday. The alliance of state attorneys general could formally announce next month that they are delving into whether leading internet firms and technology platforms have used their clout to thwart competition, the Journal reported, citing unnamed people familiar with the matter.

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    • Google subjected to new antitrust complaint

      Google subjected to new antitrust complaint

      Twenty-three job-hunting sites have written to the EU’s Competition Commissioner to ask Google to withdraw its first-party job listing tool from its search results, Reuters reports. The sites, which include UK site Best Jobs Online and German sites Intermedia and Jobindex, claim that Google is unfairly pushing users toward its own service, while their pages are being pushed down in search results.

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