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US court awards HP $439m in damages

Bloomberg HP Inc was awarded $439 million in damages against Quanta Storage Inc and its US subsidiary after a federal judge tripled a jury’s 2019 award for damages caused by a widespread scheme to inflate the price of optical disk drives. In October, a Houston jury ordered Quanta to pay HP $176 million in damages. US District Judge David Hittner ...

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Samsung to unveil new devices next month

Bloomberg Samsung Electronics Co said it will introduce new products at an event in San Francisco next month. The launch of “new, innovative devices that will shape the next decade of mobile experiences” will take place on February 11 at 11 am local time, the South Korean company said. In a teaser, it showed a rectangle and a square, a ...

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Pinterest bulls see a marketer’s goldmine in the making

Bloomberg Pinterest Inc has shed more than a quarter of its market value since the end of October, falling below its April initial public offering price. Yet many market watchers still think the social-media company has the right formula to boost advertising revenue and win over investors. Almost half of Wall Street analysts tracked by Bloomberg recommend buying the stock ...

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