Latest Business News: FTC Finalizes Google Standard-essential Patent Deal

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Latest Business News: FTC Finalizes Google Standard-essential Patent Deal

Latest Business News: FTC Finalizes Google Standard-essential Patent Deal
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Latest Business News: FTC Finalizes Google Standard-essential Patent Deal

by Wochit 1:13 mins

The Federal Trade Commission has finalized its settlement with Google over the company's alleged misuse of the standards-essential patents it gained as part of its $12.5 billion acquisition of Motorola Mobility in 2011. The final order requires Google to license those standards-essential patents on fair, reasonable, and non-discriminatory or FRAND terms, and prevents the company from using them as a weapon against rivals by seeking product injunctions and importation bans based on them. Boeing second-quarter net income rose 13 percent to $1.09 billion as the company delivered more commercial planes, including the 737 and 787. Steven Rhodes, the bankruptcy judge overseeing Detroit's historic bankruptcy filing, has proposed appointing a federal judge as mediator, to hash out the most difficult disputes as the city struggles to resolve more than $18 billion in bond and pension obligations.

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