By Reuters Staff
1 Min Read
FILE PHOTO: Nidec Corp s logo is pictured at an earnings results news conference in Tokyo, Japan, July 25, 2018. REUTERS/Kim Kyung-Hoon
TOKYO (Reuters) - Japan’s Nidec Corp said on Wednesday it had filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates, accusing it of using Nidec hard disk drive motor designs without permission.
The suit was filed on Jan. 18 in the U.S. District Court in Delaware, Nidec said in a statement.
The Japanese component maker wants the court to award it appropriate compensation based on sales made by Seagate, a Nidec spokesman said.
4 Min Read
LONDON/MILAN (Reuters) - Europe Inc’s fourth-quarter reporting season will test investor confidence in profit recovery as a new round of social restrictions is expected to have driven earnings down more than 25% while further blurring the outlook.
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 20, 2021. REUTERS/Staff
Boosted by COVID-19 vaccine roll-outs and massive fiscal and monetary stimulus, European stocks have rallied more than 50% since the March pandemic crash lows and analysts see them sticking to their bullish course.
But faced with the fresh dip in economic activity, management teams will most likely stay prudent, potentially creating room for disappointment on markets which look to have already priced in better times ahead.
Logitech International on Tuesday raised its annual forecasts and reported a more than three-fold jump in quarterly adjusted operating income, benefiting from a pandemic-driven boost in demand for work-from-home products and gaming accessories.
Cisco Systems Inc's purchase of Acacia Communications Inc has been approved by China's antitrust regulator on condition that the companies ensure fair competition, the watchdog said on Tuesday.