Bloomberg Bank of America Corp is boosting base salaries again, lifting pay for junior bankers across the firm to $100,000 from $95,000 in a bid to remain competitive in the war for young talent on Wall Street. The company will pay that amount to first-year analysts in the global corporate and investment-banking, global-markets and global-research divisions, according to a person …

Bloomberg Ford Motor Co, firing back at a lawsuit filed by General Motors Co, is asking the US government to strip GM of its trademark for “Super Cruise,” the name of its hands-free driving feature, and “Cruise,” the name of its self-driving affiliate Cruise LLC. Ford is asking the US Patent and Trademark Office to rescind the trademarks so “the …

Bloomberg Apple Inc was told to pay $300 million in royalties after a retrial in a patent dispute over wireless technology used in its iPhones and other products, part of a global fight with a company that says it owns patents on the LTE cellular standard. The jury in Marshall, Texas, said PanOptis Patent Management and its Optis Cellular and …

Bloomberg Sonos Inc shares jumped as the wireless audio company came one step closer to winning a global battle with Alphabet Inc’s Google when a US trade judge found the search giant infringes five Sonos patents — a decision that could shut some Google smart home devices, phones and laptops out of the US market. US International Trade Commission Judge …

Bloomberg An electric-vehicle charging startup that powers Amazon.com Inc’s delivery vans in the UK has agreed to merge with a US blank-check firm and go public late this year. The transaction between EO Charging and First Reserve Sustainable Growth Corp will imply a combined enterprise value of $675 million, the companies said. The deal will net EO more than $150 …

Bloomberg The UK’s long-promised strategy for reducing carbon emissions from heating drafty homes will be published next month, Business Secretary Kwasi Kwarteng said, as the government gears up to host a key climate change summit in the fall. During a media round, Kwarteng suggested the so-called heat and buildings strategy may include a plan for phasing out gas boilers. He …

Bloomberg Ambri Inc, a Bill Gates-backed venture that makes batteries for power grids, said it secured $144 million to build production plants in funding led by billionaire Mukesh Ambani’s Reliance Industries Ltd and Paulson & Co. Plans include a pilot facility and a subsequent commercial-scale site in the US, followed by two more abroad in yet-to-be-determined locales. Reliance, India’s most …

Bloomberg Canada’s Inter Pipeline Ltd told shareholders to accept a $6.8 billion hostile takeover offer from Brookfield Infrastructure Partners LP, days after walking away from a friendly deal with Pembina Pipeline Corp. The move pushes the monthslong battle for Canada’s fourth-largest midstream company closer to a resolution. Brookfield sweetened its bid to win over Inter Pipeline shareholders, while prominent advisory …

Bloomberg Just nine days after the UK granted vaccinated Americans quarantine-free entry, JetBlue Airways Corp is making its first foray into transatlantic service, starting flights on the world’s most lucrative air route—from New York’s John F Kennedy International Airport to London Heathrow—on Wednesday. It’s a long-awaited move for fans of the carrier, which has made its name offering affordable, friendly …

Bloomberg The Boeing Co 737 Max jet that’s in China for a flight test for regulators took to the skies above Shanghai on Wednesday, potentially a step toward lifting the plane’s more than two-year grounding in the country. The jet took off at 9:24 am local time, flew southeast along the coast and then headed out to sea, according to …