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Presiding Judge Carola Wittig said that the hedge funds investors of Porsche Automobil Holding SE failed to convince the German court regarding seeking remuneration over the automaker's unannounced takeover of Volkswagen AG.

The city of Detroit and its creditors had been given extensions to deadlines needed to file the former's debt-adjustment plan and the latter's subsequent legal motions by presiding US Bankruptcy Judge Steven Rhodes.

Motorola Mobility, said EU competition commissioner Joaquin Almunia, will be expecting a prohibition ruling regarding the mobile phone patents lawsuit Apple Inc has filed against the Google phone unit.