Justices To Weigh 'Good Faith' Defense In Infringement Case

A Massachusetts federal jury sided with defendants AstraZeneca PLC and Ranbaxy Inc. in the first pay-for-delay class action trial since the U.S. Supreme Court agreed the patent settlements could face antitrust scrutiny, finding that AstraZeneca would never have allowed a generic Nexium to launch before its medicine patents expired.

British construction giant Balfour Beatty plc has rejected a £1 billion ($1.6 billion) offer from investor John Laing Infrastructure Fund for its public-private partnership assets, saying Friday the bid significantly undervalues the portfolio.

Samsung group parent company Cheil Industries said Friday that it has priced its initial public offering at the top of its expected range, looking to raise 1.5 trillion won ($1.4 billion), as the group prepares for a change in leadership.

President Obama announced on Friday that he has chosen ex-Deputy Defense Secretary Ashton Carter to replace Chuck Hagel as his fourth U.S. Department of Defense secretary, commending Carter as one of the "nation's foremost national security leaders."

The California federal judge presiding over a $351 million class action trial claiming Apple Inc. monopolized the digital music market cast doubt on the trial Thursday, saying Apple had provided information suggesting the named plaintiffs may not have standing because they didn't purchase iPods during the class period.