Vonage owes Sprint $70M; Clear Channel's $19.5B buyout approved
CBS News
Transcript
[Music] another legal defeat for Vonage a jury found the internet phone service provider deliberately infringed on six patents owned by Sprint nexttel and should pay nearly $70 million in Damages the verdict also forces Vonage to pay Sprint a 5% royalty on future Revenue consumer confidence fell this month to a two-year low and home resales for August sank to their lowest level in five years but that didn't hold back stocks the Dow Rose nearly 20 points the NASDAQ climbed 15 and a half Clear Channel Communications is going private shareholders at the nation's biggest radio station operator approved a$1 19.5 billion doll buyout by a private Equity Group Walt Disney is in the spotlight the media giant won an appeals court ruling in its 16-year battle over hundreds of millions of dollars in Winnie the pool royalties and chewing sugar-free gum can actually be good for you that's the word from the American Dental Association it awarded its seal of approval to wriggly sugar-free gums orbit extra and eclipse the decision was based on studies that were funded at least in part by Wrigley but the Ada says its independent review of the studies found that the gum helps prevent cavities reduce plaque even strengthen your teeth that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus