Asian stocks shaky, Nikkei still seen vulnerable

A visitor looks at his mobile phone in front of monitors displaying market indices at the Tokyo Stock Exchange in TokyoBy Ian Chua SYDNEY (Reuters) – Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout. In a sign that many are still spooked by Thursday's eye-watering 7.3 percent Nikkei drop, share markets elsewhere in Asia extended their decline to a fresh one-month low. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.6 percent, extending Thursday's 2.2 percent fall. Australian shares underperformed the region, falling 1.9 percent. “There's a lot of …

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Japan's PM Abe defends policies as markets settle

TOKYO (AP) — Japan’s top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster.

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Recent rulings show tide may be turning against patent trolls

Patent trolls’ days of effortlessly rolling into court and collecting licensing fees for products they don’t produce may be coming to an end. The Washington Post reports that courts have been increasingly citing the landmark 1978 Supreme Court case Parker v. Flook, which is the strongest ruling that the court has ever made against patents for abstract ideas such as algorithms. Given that courts are applying the Parker v. Flook precedent more often in software patent cases, it seems that courts are starting to reassert control over what can and cannot be patented. The Post acknowledges that “not every citation of Flook means that a patent was invalidated” but says that “it’s at least a sign that the courts are

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Red Wings top Blackhawks 2-0, take 3-1 series lead

Chicago Blackhawks center Jonathan Toews (19) crashes into Detroit Red Wings goalie Jimmy Howard (35) during the second period in Game 4 of the Western Conference semifinals in the NHL hockey Stanley Cup playoffs in Detroit, Thursday, May 23, 2013. (AP Photo/Paul Sancya)DETROIT (AP) — Jakub Kindl scored on a power play in the second period, Daniel Cleary had an empty-net goal and Jimmy Howard made 27 saves to help the Detroit Red Wings hold on for a 2-0 victory over the Chicago Blackhawks on Thursday night, putting the NHL's best team during the regular season on the brink of elimination.

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