Market Minute: Apple Wins a Court Battle; Lawsuit Puts Deere in Its Sights

Apple won another round in its patent battle with South Korean rival Samsung, as both companies prepare to roll out new phones. Those and more are what's in business news Monday.

The Dow Jones industrial average (^DJI) fell 1.5 percent last week, ending a streak of six straight weekly gains. the Standard & Poor's 500 index (^GPSC) also lost more than one percent, and the Nasdaq composite index (^IXIC) lost nearly 1 percent.

The U.S. International Trade Commission ruled late Friday that Samsung had violated parts of two Apple (AAPL) patents on digital mobile devices. The ruling prohibits Samsung from importing or selling certain devices, but President Obama has 60 days to veto it. And he did just that earlier this month to block a ruling that would have barred Apple from selling some products.

Apple iphone 5s samsung court battle patents smartphone tablet
Alexander F. Yuan/AP
Separately, Apple reportedly will debut its next generation iPhone on Sept. 10. It's expected to show off an iPhone 5S, as well as a lower cost phone. Meanwhile, Samsung could unveil its new Galaxy model the week before.

A hedge fund filed suit late Friday against tractor maker Deere & Co. (DE) and the GPS firms Garmin (GRMN) and Trimble Navigation (TRMB), seeking $1.9 billion in damages. The fund owns the bankrupt wireless firm Lightsquared. Its suit accuses the defendants of fraud in the way they opposed Lightsquared's effort to build a wireless network. That led the Federal Communications Commission to withdraw its permit to build a high-speed network because it interfered with GPS systems.

Retail stocks will be in focus this week. First, this is a critical period for back-to-school sales, which is second only to the December holidays in importance to the industry. In addition, Walmart Stores (WMT), Macy's (M), Nordstrom (JWN) and Kohl's (KSS) report earnings.

And J.C. Penney (JCP) continues to be roiled by a nasty internal fight. One director, Bill Ackman, last week called for the ouster of the company's CEO. Now the rest of the board wants to take action against Ackman for releasing confidential boardroom deliberations, according to The Wall Street Journal (subscription required).

And Walt Disney (DIS) is dropping hints that it will use "Star Wars" as the theme for its next big renovation of its theme parks.

-Produced by Drew Trachtenberg.

World's Most Expensive Cities for Expats
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Market Minute: Apple Wins a Court Battle; Lawsuit Puts Deere in Its Sights
Price of an average pair of blue jeans in Angola's capital: $204
Think your Starbucks habit is tough here? A cup of coffee in Moscow can cost $8.29.
Doesn't sound much like the value menu: A fast food hamburger meal here runs $7.31 on average.
Savor your lunch: A club sandwich meal in this African capital costs  $25.51 on average. (Don't go looking for a familiar fast food burger -- the big chains aren't here yet.)
Home sweet home won't come cheap in this island city-state: Monthly rent for an unfurnished two-bedroom luxury apartment averages $3,795.
But move from Singapore to Hong Kong and you'll reminisce about the good old days when your rent was reasonable. To lease an unfurnished two-bedroom luxury apartment here, you'll shell out $7,092 a month.
It's painful to fill your gas tank anywhere these days, but pity the poor Swiss: A liter of gas in Geneva runs $2.02, or $7.66 a gallon.

If you're bringing your family along for your job in Zurich, you'll need a bit more space -- and money An unfurnished luxury three-bedroom house will set you back $5,981 a month (which, on this list, looks almost reasonable).

News and entertainment will cost you in Bern: A movie ticket averages $18.95, and a copy of a daily international newspaper will run you $4.35.
After looking at the rest of the cities on the list, Sydney feels practically cheap: Just $2.15 for a liter of soda, $113.55 for a pair of blue jeans, and $9.20 for a fast food hamburger meal.
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