Global Glance: Blackberry wins $815M in Qualcomm dispute; China’s exports accelerate in March

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Here are today’s top business headlines from across the nation and world:

Blackberry wins $815 million in dispute with Qualcomm

WATERLOO, Ontario (AP) — BlackBerry Ltd. says it has been awarded $814.9 million in a binding interim arbitration decision in a dispute with Qualcomm Inc. over royalty overpayments. The two companies agreed last year to arbitrate a disagreement regarding whether Qualcomm’s agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement. BlackBerry chief executive John Chen said Wednesday in a statement the two companies have a longstanding relationship and continue to be valued partners. Read more

China’s exports accelerate in March, import growth moderates

BEIJING (AP) — China’s export growth accelerated in March in a positive sign for global demand, though import growth cooled. Exports rose 16.4 percent from a year earlier to $180.6 billion, up from 4 percent growth in the first two months of the year, according to customs data released Thursday. Imports rose 20.3 percent to $156.6 billion, down growth in January-February of 26.4 percent. The unexpectedly strong exports are a positive sign for Chinese leaders who want to avert job losses in trade-related industries while they try to nurture consumer-driven economic growth. Read more

Phones and social media turn consumers into whistleblowers

NEW YORK (AP) — Look out, Corporate America. Customers armed with smartphones and video cameras are watching when you screw up. The viral video of a ticketed passenger dragged forcefully off a United flight is only the latest example of bad behavior exposed in the age of social media. In February, Uber came under fire after a driver posted video of CEO Travis Kalanick berating him. Earlier, a Comcast technician was shown in a video sleeping on a customer’s couch, and an audio recording chronicled one man’s herculean efforts to drop Comcast service; they are among the embarrassing customer complaints that ultimately forced improvements. Read more

Buffett’s firm selling some of its Wells Fargo shares

OMAHA, Neb. (AP) — Warren Buffett’s company is selling a chunk of its Wells Fargo stock to avoid some federal regulations. Berkshire Hathaway says the sale isn’t tied to the scandal about Wells Fargo’s sales practices that led to the CEO’s departure last year. The company says it’s selling to keep its stake of the bank below 10 percent to avoid additional Federal Reserve regulations. It will continue selling shares as needed to remain below that threshold. Read more

Trump boasts of hiring only the best, but picks haunt him

WASHINGTON (AP) — President Donald Trump likes to boast that he hires only the best people. But his personnel choices keep coming back to haunt him. One of the people Trump hired for the White House was working as a foreign agent while advising him during the election. His campaign chairman caught the Justice Department’s attention for similarly surreptitious work. And a third campaign adviser was reportedly surveilled by the FBI as part of an investigation into whether or not he was a Russian spy. Read more

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