Two of R. Allen Stanford’s former law firms were sued by defrauded investors who claim the lawyers crafted corporate structures that enabled the financier’s $7 billion Ponzi scheme for more than 20 years.
Nokia Oyj and Microsoft Corp., both looking to increase U.S. sales of smartphones, stand to get a much-needed boost as Samsung Electronics Co. products face a possible ban and handset makers come under pressure to consider alternatives to Google Inc.’s Android software.
Research In Motion Ltd. fell again after investors and analysts speculated that new Chief Executive Officer Thorsten Heins may be unable to alter the BlackBerry maker’s course enough to stem market-share losses.
The hotel maid who accused Dominique Strauss-Kahn, the ex-International Monetary Fund managing director now charged with sexual assault and attempted rape, hired additional legal counsel in anticipation of an attack on her reputation and credibility, her lawyer said.
Qualcomm Inc. , the biggest maker of mobile-phone chips, rose the most in more than three months on the Nasdaq after its profit and sales forecasts topped analysts’ estimates amid the increasing popularity of smartphones.
Less than two months ago, Nokia Oyj Chief Executive Officer Stephen Elop stood up at the mobile- phone industry’s annual jamboree to declare that the company had turned the corner as sales of its new smartphone blossomed.