| Consolidated Edison Company of New York, Inc. and Ronald A. Katz Technology Licensing, L.P. Settle Patent Lawsuit and ...
LOS ANGELES, BUSINESS WIRE -- Consolidated Edison Company of New York, Inc. ("Con Edison"), a subsidiary of one of the nation's largest investor-owned energy companies, headquartered in New York, and Ronald A. Katz Technology Licensing, L.P., headquartered in Los Angeles, announced today the settlement of patent litigation between the parties. As part of the settlement, Con Edison has agreed to pay an undisclosed sum for a nonexclusive license under a comprehensive portfolio of patents that Katz owns relating to interactive voice applications. The nonexclusive license covers services offered by Con Edison in the "Energy and Utility Services" Field of Use, including customer service provided via automated systems and live agents. Other terms of the license were not disclosed.
Broward Inmate With Fake Bomb Attacks Deputies
FORT LAUDERDALE, Fla. -- A Broward County Jail inmate made a fake bomb threat, attacked a jail deputy with a makeshift pick and then sprayed the officer's pepper foam at him, officials said Tuesday. Semil Alcena, who was jailed on charges of sexual battery, will now face additional charges, including attacking a law enforcement officer and making a false report of a bomb, Broward County sheriff's officials said. The deputy had gone into Alcena's cell on a routine inspection shortly before midnight Monday. Alcena allegedly handed the deputy a note saying he had a bomb and demanding his release. He then allegedly attacked the deputy, whose name has not been released, with a pen-length pick before taking the pepper foam and hitting the officer with it, officials said without disclosing where the guard was hit.
Real Estate and Development
The Bureau of Land Management's decision to consider abandoning its practice of not selling land for less than appraised value has sparked a lot of interest in the homebuilding and development community. Whether that ultimately happens could be a long, drawn-out process and be years in the making. But it already has prompted speculation on what impact it will have on the land market and whether it would reduce prices of homes. For now, the BLM is researching whether it has the authority to allow bidding to start below appraised value. The appraised value would be the reserve price, meaning that at the April auction it would simply be an exercise of how far below the appraised value the bidding will start. The BLM would use that information to decide if it wants to change its policy that was developed out of congressional legislation in 1998 that required the BLM to sell land at fair market value.
Stock market posts modest gains for week focused on credit crisis
U.S. stocks shifted gears yet again Friday to close with modest weekly gains as an erratic market closed a roller-coaster ride focused on the credit crunch and its impact on the financial sector and the overall economy. "This market is over-sold in the short-term, so although we're getting more bad news today, investors are seeking out bargains as the week winds down," said Art Hogan, chief market strategist at Jefferies & Co. After trading in a 160-point range on either side of neutral, the Dow Jones industrial average gained 66.74 points, a daily advance of 0.5 percent, to close at 13,176.80, giving the blue chips a 1 percent gain for the week. Of the blue-chip index's 30 components, 21 closed with gains, led by Hewlett-Packard, up 3.8 percent following its upgrade to overweight from equal-weight by Morgan Stanley.
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