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A U.S. appeal court has overturned an earlier verdict in a patent infringement case that found in favour of Finnish engineering firm Metso, the company said on Wednesday. _0"> Metso had sued U.S.-based rival Terex Corp and other firms of infringing on its patents involving lateral folding conveyors. It said it would seek a reversal of the appeals court's decision, and expects a final outcome in 2014.  

Amazon.com's main UK unit paid $3.7 million of taxes on its 2012 income, it said on Wednesday, despite group UK sales of $6.5 billion (4 billion pounds), prompting criticism from lawmakers and competitors. Amazon.co.uk Ltd added in its accounts, published through the UK companies register, that it received 2.5 million pounds in government grants during 2012 - just ahead of the 2.4 million it paid in corporation tax, the UK form of corporate income tax.   Corporate tax avoidance has risen to the top of the political agenda in Europe following revelations in the past couple of years about how little big names like Apple Inc., Starbucks, Google and Microsoft pay in tax in markets where they reap billions of dollars in sales. The companies say they follow the rules but UK Prime Minister David Cameron has called for international action on the shifting of profits, which can help firms cut tax bills. Amazon.co.uk reported a small corporate income tax bill because all sales to Briti

U.S. stocks slipped on Wednesday, as both the Dow and S&P 500 held near their most recent record highs after a flurry of economic data did little to upset investor expectations for central bank policies.   Data showed activity in New York state's manufacturing sector unexpectedly contracted to its lowest level in four months, falling to minus 1.43 from 3.05 in April, and below expectations for an increase to 4. In addition, industrial production fell 0.5 percent in April, more than the expected 0.2 percent decline for the month. But a separate report showed producer prices recorded their largest drop in three years in April, falling by a seasonally adjusted 0.7 percent, the biggest decline since February 2010, which should enable the Federal Reserve to maintain its accommodative monetary policy. Both the Dow Jones Industrial Average and the S&P 500 had rallied to fresh record highs in the prior session as investor expectations central bank stimulus measures will conti

Rewe, one of Germany's largest retailers, said it is looking to sell its ProMarkt chain of consumer electronics stores because it is unable to compete with competition from online retailers such as Amazon.com. _0"> Rewe said the stores had little prospect of a profitable future, and that with a market share of just 1.4 percent in Germany , restructuring was not appropriate.   A spokesman declined to comment on whether interest had been shown in the chain, which has 70 stores. Rewe would consider the sales of stores individually or as a package, he said. Other European electronics retailers to feel the heat from online competition include Metro AG's Media-Saturn and Darty, which is closing loss-making operations in Spain . ProMarkt saw sales drop 15.5 percent last year. By comparison, Media-Saturn, which finally started selling products online in 2011 with the acquisition of Redcoon, reported a 4 percent rise in sales in Germany for 2012. Metro declined to commen

Saudi Arabia's No. 2 telecom operator Mobily denied claims by a software engineer that the company had asked him to build surveillance tools to intercept customers' messages on Twitter and other services. Matthew Rosenfield, who uses the pseudonym Moxie Marlinspike, published emails on his blog purporting to be from Mobily which included a request for help in intercepting traffic over applications such as Twitter, Whatsapp, Viber and Line.   Marlinspike said the company wanted to be able to monitor or block mobile data on these applications and that Mobily had provided him with design documents to produce computer code - known as SSL certificates - that the company could use for interception. Marlinspike said on the blog he declined to help. Mobily, formally known as Etihad Etisalat and an affiliate of the United Arab Emirates company Etisalat, said the contents of the blog post, which have whipped up a storm of comments on social media, were false. "Mobily or its

The S&P 500 and the Nasdaq rose for a fourth straight day on Wednesday as tech shares gained and offset some weak economic data.   Equities have rallied in recent weeks, with both the Dow and S&P 500 hitting all-time highs as investors expect central bank stimulus measures will keep supporting market gains. Such policies have helped spur advances of about 15 percent in major indexes this year despite data showing signs of slowing growth. Activity in New York state's manufacturing sector unexpectedly contracted in May, falling to minus 1.43 from 3.05, below expectations for an increase to 4. Another report showed that U.S. industrial production fell 0.5 percent in April, more than expected. "It's disconcerting that the data was so much lower than what we were looking for, but there's no reason for investors to sell," said Michael Binger, senior portfolio manager at Gradient Investments in Minneapolis. "The main things driving the market - the Fed

Google Inc : * Says 900 million android devices activated as of now * Says revenue per user for app developers in Google play store now 2.5 times _0"> what it was a year ago