The Traderszone Network

A U.S. appeals court on Friday upheld a lower court’s decision to clear Qualcomm Inc in a patent lawsuit by ParkerVision Inc, allowing it to escape a $173 million verdict for infringement. Trading in ParkerVision shares was halted on the Nasdaq after the price fell 50 percent to 23 cents. ParkerVision had accused Qualcomm of infringing its patents beginning in 2006 over a means to convert radio frequency signals, and incorporating its technology in products sold for use in mobile devices such as smartphones.

At this rate, it won’t be anywhere near where economists expect it to be at the end of the year. Gross domestic product expanded at a 2.3 percent annualized rate in the second quarter, according to Commerce Department figures published Thursday. While that was an improvement over the 0.6 percent pace in the first three months of the year, it was less than economists had forecast.

Exxon Mobil Corp. and Chevron Corp., the biggest U.S. energy producers, hunkered down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years. Exxon reported its lowest profit since 2009 as crude prices fell twice as fast as the world’s largest crude producer by market value could slash expenses. Chevron recorded its lowest profit in more than 12 years after the market rout forced $2.6 billion in asset writedowns and related charges.

Farmers from drought-struck California are finding green pastures in the Pacific Northwest. So are buyers from China.

In Sonoma County, luxury listings are up nearly 90 percent year over year, according to Sotheby’s.

Multiple bids for a complete buyout is sending Avolon’s stock price soaring today.

Hasbro recently delivered a great quarter. With some big catalysts in the years to come, a wonderful stable of in-house brands, and a shareholder-friendly capital allocation program, this stock still has market-beating potential.