Clear55° FULL FORECASTClear55° FULL FORECAST
Make us your home page
Instagram

Beyond Tampa Bay

TiVo Inc. on Thursday won a U.S. appeals court ruling that Dish Network and EchoStar are still infringing its patent and should stop providing digital-video recording services. Changes made after Dish lost the first trial were "not a major redesign of the software," the court ruled. TiVo said the decision, if it stands, would let it collect at least $300 million from Dish — about $100 million in damages and interest, and the rest in contempt sanctions that TiVo already has been awarded.

Greece says it has raised badly needed cash with a new bond issue, passing a key test of its ability to avoid a disastrous debt default and dig out of a financial crisis that has shaken the European Union. A Finance Ministry statement said Thursday the bond has been three times oversubscribed, with $20.5 billion in offers received. The government took $6.8 billion, offering a 6.3 percent yield. The ministry says the high level of offers "shows that despite the extremely difficult circumstances, investor confidence in the Greek economy remains strong."

The Treasury Department says Lee Sachs, a top aide to Treasury Secretary Timothy Geithner, is leaving the department next month. Sachs, the department's point man in the financial crisis, is leaving because he views his chief objective, bringing stability to the country's financial sector, has been largely met, the Wall Street Journal reported. His move may be seen as a further sign the economy has stabilized following its worst crisis since the 1930s.

Wells Fargo CEO John Stumpf's compensation more than doubled to $18.7 million in 2009, a year that saw the bank report $8 billion in profit and repay government bailout money, according to an Associated Press analysis of regulatory filings. Wells Fargo said Stumpf received a $5.6 million salary made up mostly of company stock and a separate $13 million performance-based stock bonus.

QUOTE

"Citi owes a large debt of gratitude to American taxpayers."

Citigroup CEO Vikrim Pandit, telling the Congressional Oversight Panel that the bank is "fundamentally different" than the tangled behemoth that took more than $45 billion in government aid during the recent financial crisis

BIG NUMBER

$13.6M

Fourth-quarter loss for Wendy's/Arby's Group, much improved over the year-earlier loss of $393.2 million, as revenue edged up 0.5 percent



TiVo on Thursday won a U.S. appeals court ruling that Dish Network and EchoStar are still infringing its patent and should stop providing digital-video recording services. Changes made after Dish lost the first trial were "not a major redesign of the software," the court ruled. TiVo said the decision, if it stands, would let it collect at least $300 million from Dish — about $100 million in damages and interest, and the rest in contempt sanctions that TiVo already has been awarded.

Greece says it has raised badly needed cash with a new bond issue, passing a key test of its ability to avoid a disastrous debt default and dig out of a financial crisis that has shaken the European Union. A Finance Ministry statement said Thursday that the bond has been three times oversubscribed, with $20.5 billion in offers received. The government took $6.8 billion, offering a 6.3 percent yield. The ministry said the high level of offers "shows that despite the extremely difficult circumstances, investor confidence in the Greek economy remains strong."

The Treasury Department says Lee Sachs, a top aide to Treasury Secretary Timothy Geithner, is leaving the department next month. Sachs, the department's point man in the financial crisis, is leaving because he believes his chief objective, bringing stability to the country's financial sector, has been largely met, the Wall Street Journal reported. His move may be seen as a further sign that the economy has stabilized following its worst crisis since the 1930s.

Wells Fargo CEO John Stumpf's compensation more than doubled to $18.7 million in 2009, a year that saw the bank report $8 billion in profit and repay government bailout money, according to an Associated Press analysis of regulatory filings. Wells Fargo said Stumpf received a $5.6 million salary made up mostly of company stock, and a separate $13 million performance-based stock bonus.



"Citi owes a large debt of gratitude to American taxpayers."

Citigroup CEO Vikrim Pandit, telling the Congressional Oversight Panel that the bank is "fundamentally different" from the tangled behemoth that took more than $45 billion in government aid during the recent financial crisis

$13.6M

Fourth-quarter loss for Wendy's/Arby's Group, much improved over the year-earlier loss of $393.2 million, as revenue edged up 0.5 percent

Beyond Tampa Bay 03/04/10 [Last modified: Thursday, March 4, 2010 9:59pm]
Photo reprints | Article reprints

© 2014 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...