California’s Senate passed a bill requiring smartphone makers such as Apple Inc. and Samsung Electronics Co. to include technology that would let customers remotely wipe data from their devices and render them inoperable when stolen.
Google Inc.’s stake in the outcome of a $2 billion trial over smartphones using its Android operating system was revealed by testimony that the company indemnified Samsung Electronics Co. against some of Apple Inc.’s patent claims.
Hudson’s Bay Co., Canada’s oldest company, is poised to challenge retailers Nordstrom Inc. and Holt Renfrew & Co. Ltd. with a $2.4 billion purchase of Saks Inc. that takes the battle for consumers upscale.
Manhattan developers are planning the city’s biggest decade of office construction since the 1980s, betting on rising demand for modern space even with tenants unsigned and the availability of financing more limited.
Bond investors awarded Nordstrom Inc. its lowest borrowing cost ever on a sale of 10-year bonds this week as the high-end U.S. department-store chain founded in 1901 shows that it’s able to withstand slowing economic growth.