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Author Archives: Bloomberg News

St. Louis company pays $27.7M to end patent dispute

Mars Inc., the maker of M&M candies, received payment of $27.7 million Tuesday in the final stage of a 20-year-old patent dispute with a St. Louis company. The fight was over electronic-coin mechanism technology for vending machines. Mars, based in ...

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Federal vs. states’ power to regulate banks weighed

U.S. Supreme Court justices weighed the power of state authorities to investigate the practices of federally chartered banks including JPMorgan Chase & Co. and Wells Fargo & Co. Hearing arguments Tuesday in Washington, several members of the court said states ...

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Hallmark cuts up to 750 jobs

Hallmark Cards Inc., the Kansas City-based greeting-card maker, said it plans to cut its U.S. workforce by as much as 8 percent because the recession will probably reduce sales further this year. Hallmark said in a statement on Tuesday that ...

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Nation briefs

Ex-Qwest chief request to remain free is rejected Joseph Nacchio, Qwest Communications International Inc.’s former chief executive officer, must report to prison on April 14 to begin serving a six-year sentence for insider trading, a federal appeals court ruled. The ...

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Dreier pleads not guilty

Marc Dreier, the New York law firm founder charged with selling phony promissory notes to hedge funds, pleaded not guilty Thursday to a charge that he laundered $700 million as part of the alleged scheme. The money-laundering charge was added ...

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