ITT Exelis (XLS) Wednesday said it has reached settlement agreements with four companies, regarding patent infringement claims related to Exelis assisted GPS technology.
The dispute involved mobile devices supporting Verizon network, including Qualcomm, LG and Kyocera, all being charged for infringing on Exelis patent rights.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.