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A picture taken on October 12, 2011, shows a Samsung phone, right, and an Iphone 4.Apple was awarded $ 1 billion in damages for patent infringement by Samsung in AugustThe case was back in court in San Jose on Thursday, though no new orders were issuedSamsung wants to lower the damages amount or to have a retrialApple wants to raise the amount and ban Samsung from selling infringing products The $ 1 billion patent dispute between Apple and Samsung picked back up in federal court in San Jose on Thursday, with both sides arguing over issues of damages amounts, bans [...]

Four days after superstorm Sandy smashed into the U.S. Northeast, rescuers on Friday were still discovering the extent of the death and devastation in New York and the New Jersey shore, and anger mounted over gasoline shortages, power outages and waits for relief supplies. The total killed in one of the biggest storms to hit the United States jumped by a third on Thursday, to 98. In New York City, 40 people have been found dead, half of them in Staten Island, which was overrun by a wall of water on Monday. Among the dead in Staten Island were two [...]

Exactly one year since the loss of visionary CEO Steve Jobs, it’s clear that Apple (AAPL)  hasn’t lost its juggernaut status as some had feared it might. Apple still has the power to move financial markets, create a flutter in the hearts of techies and generate serious returns for its shareholders. The iPhone and iPad maker’s shares have surged as much as 86% since Jobs’s death last October 5, making Apple the world’s most valuable company ever at more than $ 625 billion. Apple’s continued blockbuster success is a testament to the creative genius of Jobs as well as the [...]

Facebook’s stock price (NASDAQ:FB) took a nosedive this morning after opening slightly higher from yesterday’s close. The stock price opened at 20.08 but quickly started dropping, hitting a new low just 45 minutes after the market opened. This comes just one day after the lockups on Facebook’s stock expired, allowing those who invested at the IPO to dump their shares. This caused heavy trading at the beginning of the day, plunging Facebook’s stock to all-time lows. About 271 million shares hit the open market from such early investors as Microsoft, Accel Partners, Tiger Global Management, Goldman Sachs and Peter Thiel. [...]

Shares of Facebook (FB) tumbled another 6% and broke below $ 20 to fresh all-time lows on Thursday amid the expiration of restrictions that had prevented early backers of the social network from jumping ship. The latest retreat leaves the Mark Zuckerberg company’s shares trading almost 50% below their public debut of $ 38 almost three months ago. Questions swirled ahead of the high-profile initial public offering about Facebook’s lofty valuation, with critics focusing on the company’s struggles to monetize its mobile growth and the effectiveness of its ads. Since being crowned with a stunning IPO valuation of $ 104 [...]

SAN FRANCISCO Google Inc. CEO Larry Page did not participate in the company’s earnings call Thursday afternoon to discuss its second-quarter results. The company announced last month that he had stepped back from speaking engagements, due to losing his voice. Asked by one analyst during the call about Page’s health, Google’s chief business officer Nikesh Arora said Page “continues to run the company” and is “involved in all the strategic business decisions,” but gave no further details. Page also did not address the company’s annual shareholders’ meeting or its I/O developers conference last month.

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