Business briefs

2013-11-21T16:02:00Z 2013-11-21T19:04:08Z Business briefs Arizona Daily Star
November 21, 2013 4:02 pm

Jury orders Samsung

to pay Apple $290 million

SAN JOSE, Calif. — A Silicon Valley jury on Thursday ordered Samsung Electronics to pay Apple $290 million for copying vital iPhone and iPad features.

The verdict covers 13 older Samsung devices that a previous jury found were among 26 Samsung products that infringed Apple patents. The previous jury awarded Apple $1.05 billion.

But U.S. District Judge Lucy Koh ordered the new trial after concluding the previous jury miscalculated the amount Samsung owed.

Samsung appealed that verdict and is expected to appeal the latest verdict.

Senate panel advances Yellen’s bid to lead Fed

WASHINGTON — A Senate panel on Thursday advanced Janet Yellen’s nomination to lead the Federal Reserve, setting up a final vote in the full Senate after lawmakers return from a two-week Thanksgiving break.

Yellen’s path to confirmation also became easier on Thursday when the full Senate voted to change its rules for approving all presidential nominees other than Supreme Court selections. Now a simple majority will be required, instead of 60 votes.

Yellen was nominated by President Obama in October to succeed Ben Bernanke, whose second four-year term as chairman will end Jan. 31.

She would be the first woman to lead the Fed and the first Democrat to do so since Paul Volcker stepped down in 1987.

The Associated Press

Copyright 2014 Arizona Daily Star. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.