BlackBerry to raise $605 million from shareholder Fairfax, others
Troubled smartphone maker BlackBerry Ltd said it would raise about $605 million by selling convertible debentures to shareholder Fairfax Financial Holdings Ltd and other investors.
WASHINGTON U.S. Supreme Court justices gave little indication on Monday they would set new guidelines on patent eligibility of software.
From their questions during an hour-long oral argument, the court appeared likely to rule for CLS Bank International by saying Alice Corp Pty Ltd's patents for a computer system that facilitates financial transactions were not patent eligible.
Although some of the nine justices signaled a willingness to set a test that would describe exactly what types of computer-implemented inventions were patent eligible, others suggested there was no need for so broad a ruling.
A decision is expected by the end of June.
Chief Justice John Roberts questioned whether a proposed test, suggested by Solicitor General Donald Verrilli on behalf of President Barack Obama's administration, would make the complex issue any clearer.
"I'm just doubtful that's going to bring about greater clarity and certainty," Roberts said of the proposal.
Justice Sonia Sotomayor also suggested the court might steer clear of the broader question.
"Why do we have to reach software patents in this case at all?" she asked Verrilli.
The case is being closely watched by a broad swath of companies in the technology sector and beyond.
Google Inc (GOOG.O), Dell Inc, Verizon Communications Inc (VZ.N), Microsoft Corp (MSFT.O), Hewlett-Packard Co (HPQ.N) and engine manufacturer Cummins Inc (CMI.N), are among the companies that have filed legal papers weighing in on the issue.
In May 2013, the U.S. Court of Appeals for the Federal Circuit in Washington, D.C ruled for CLS but the judges were split 5-5 on which legal test to adopt.
The case is Alice Corp v. CLS Bank, U.S. Supreme Court, 13-298.
(Editing by Howard Goller and Grant McCool)
ABU DHABI Ride-hailing companies Uber and Careem have suspended services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday and do not know when they can resume operations, they said on Sunday.
JERUSALEM Israeli technology company Shellanoo is planning to raise at least 100 million shekels ($26.5 million) in an initial public offering (IPO) on the Tel Aviv Stock Exchange in late September or October, it said on Sunday.