Business

Apple Inc (AAPL.O) sued Ericsson (ERICb.ST) alleging that the Swedish company's LTE wireless technology patents are not essential to industry cellular standards and that it is demanding excessive royalties for these patents.

A lawyer for a former UBS AG trader charged with engaging in a fraud conspiracy following a U.S. investigation of Libor rate manipulation on Monday urged a New York federal judge to dismiss the case.

A top Republican lawmaker on Monday urged the U.S. Consumer Financial Protection Bureau to abandon the renovation of its Washington building and find cheaper office space, a sign critics intend to keep up scrutiny of the agency this year.