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Business

  • Philips loses $467 million patent suit to US competitor
     AMSTERDAM – Royal Philips NV says it will book a $467 million charge in the third quarter after losing a patent lawsuit to smaller U.S. competitor Masimo Corp.
  • Barra shares plan to renew GM
    MILFORD, Mich. – General Motors CEO Mary Barra told investors Wednesday that GM plans a raft of new models and a big push to sell more cars in China to drive profits in coming years, as the biggest U.S.
  • General Mills to cut workforce
    General Mills plans to cut about 700 to 800 jobs, the second time it has trimmed its workforce in a month as the food company adjusts to a shift by U.S.
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Week Ahead

Today

•National Association of Realtors releases pending home sales index for November

Tuesday

•Standard & Poor’s releases S&P/Case-Shiller index of home prices for October

•The Conference Board releases the Consumer Confidence Index for December

Wednesday

•Stock and bond markets are closed for New Year’s Day

Thursday

•Labor Department reports on weekly jobless claims

•Institute for Supply Management releases its manufacturing index for December

•Commerce Department reports on construction spending for November

•Freddie Mac, the mortgage company, reports on weekly mortgage rates

Friday

•Automakers report on vehicle sales for December

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