An El Nino watch has been issued by the U.S. Climate Prediction Center, warning of the possible development of the weather-altering event that can bring rain to California and South America and raise winter temperatures in the U.S. Northeast and Midwest.
Samsung Electronics Co. defeated Apple Inc.’s bid for a court order barring U.S. sales of some Samsung smartphones that were found to infringe Apple patents, though none of the products are still on the market.
Fewer Americans than projected filed applications for unemployment benefits last week, an indication companies are holding on to staff even as cold weather threatens to slow the world’s largest economy.
California is parched. The state’s worst drought in decades has left its reservoirs half-naked, if not skeletal. Officials say 17 communities could run out of drinking water this summer; some are considering mandatory rationing; and 500,000 acres in the state may be left fallow.
The world’s largest pension fund should look to beat wage growth when setting investment goals and no longer needs to focus on domestic bonds given quickening inflation, a Japanese government advisory panel said.