Latest news with #MyBook
Yahoo
8 hours ago
- Business
- Yahoo
Western Digital convinces US judge to throw out $552.7 million patent award
By Blake Brittain (Reuters) -Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District Judge James Selna said the award for patent licensing company SPEX Technologies wrongly included damages for aspects of Western Digital's products that did not infringe the patent, wiping out a $315.7 million jury verdict plus an additional $237 million that he had previously determined Western Digital owed SPEX in interest. Spokespeople and attorneys for the companies did not immediately respond to requests for comment on the decision. San Jose, California-based SPEX was originally formed to license technology from Spyrus, a cryptography company that developed technology for encrypting sensitive communications. SPEX said in its 2016 lawsuit that Western Digital's self-encrypting hard drive products infringed a Spyrus patent covering data encryption innovations. The lawsuit alleged that Western Digital data storage devices, including its Ultrastar, My Book and My Passport products, infringed the patent. Western Digital denied the allegations. A jury in Santa Ana, California, ruled for SPEX last October. Selna said in his decision made public Monday that SPEX could only receive "nominal" damages for Western Digital's infringement, slashing the award to $1.
Zawya
02-03-2025
- Automotive
- Zawya
QIB launches exclusive ramadan auto finance offer on its Auto Marketplace
Doha, Qatar – Qatar Islamic Bank (QIB), Qatar's leading digital bank, has launched its yearly Ramadan Auto Finance Offer through the QIB Auto Marketplace on its Mobile App, providing customers with exclusive rates and unmatched benefits. As car dealerships introduce special promotions during the Holy Month, QIB is offering an enhanced experience to its customers through tailored financing solutions for both regular and electric vehicles. Running until March 31, 2025, this limited-time offer allows eligible customers to access competitive profit rates from QIB's partner auto dealers exclusively through the QIB Auto Marketplace. The promotion features reduced rates starting from 4.99% for regular cars and 4.89% for electric vehicles, with flat rates as low as 2.63% and 2.58%, respectively. In addition to the attractive rates, customers who avail QIB Auto Finance during the offer period will enjoy a range of exclusive benefits, including a grace period of up to six months for Qatari customers and three months for expats, a free Revolve Credit Card for the first year, a complimentary MyBook subscription through QIB Mobile App, and competitive comprehensive Takaful rates at 1.7%. Commenting on the launch, Mr. D. Anand, QIB's General Manager – Personal Banking Group, said: 'Ramadan is a time of reflection and generosity, and for many, it is also an opportunity to make plans, such as purchasing a new car. At QIB, we understand the importance of these moments and we are committed to achieving a positive social and environmental impact throughout the year and especially during the month of giving. We are pleased to launch our exclusive Auto Finance offer on QIB Auto Marketplace and to introduce an even lower profit rate offer for the electric cars as part of our continuous efforts to integrate sustainability and encourage eco-friendly practices. QIB's Auto Marketplace continues to offer a unique and convenient way for customers to browse, select, and finance their vehicles from some of the most renowned dealerships in Qatar. By leveraging the bank's advanced digital banking ecosystem, customers can enjoy a smooth, paperless financing journey, reinforcing QIB's commitment to enhancing the customer experience through digital innovation. For more information, please visit
