News Headlines - 31 August 2012

▽Samsung did not violate Apple patent, Japan rules - Telegraph

A Tokyo court has dismissed Apple's claim that Samsung had infringed on its patent - the latest ruling in the global legal battle between the two technology titans over smartphones.

▽Japan and North Korea Agree to New Talks - NYTimes.com

Japan and North Korea ended their first direct talks in four years on Friday with an agreement to meet again as early as next month, apparently in a sign of the North’s desire to reduce tensions with Japan, and by extension, the United States.

▽Hitachi Receives Order for UK Railway Transport Management System Prototype

Hitachi, Ltd. today announced that Hitachi Rail Europe Ltd. has received an order for a prototype of a traffic management system from Network Rail Infrastructure Limited ("Network Rail") in the England, Scotland and Wales. Network Rail will test and evaluate prototypes ordered from Hitachi and two other companies, and based on the outcome, it will make a decision regarding the future roll-out of traffic management across the entire rail network in Great Britain.

▽Japan's Nomura to cut another $1 billion of costs in overseas revamp | Reuters

Nomura Holdings Inc, Japan's largest investment bank, is cutting an additional $1 billion in costs in the second major restructuring of its loss-making overseas operations in less than a year.

▽Japan plans to cut state spending, could run out of money in a month - Telegraph

Japan's government is planning to suspend some state spending as it could run out of cash by October, with a deficit financing bill blocked by opposition parties trying to force Prime Minister Yoshihiko Noda into an early election.