Portugal Passes Latest Bailout Test

U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and an increase in products that signal business investment.    

AMSC, a Devens technology company in the wind energy and power grid industry, said Friday that China’s Supreme People’s Court has scheduled a hearing for May 29 to review the jurisdiction of AMSC’s software copyright infringement cases against Sinovel Wind Group Co. Ltd. Sinoval, a large Chinese company that makes wind turbines, was once AMSC’s biggest customer. Then Sinoval stopped accepting shipments from AMSC. In 2011, AMSC filed several lawsuits against Sinoval in China, alleging contractual breaches and intellectual property theft and seeking more than $1.2 billion in damages and payments. “President Xi Jinping recently said that China will protect legitimate rights of foreign enterprises,” AMSC general counsel John Powell said. “AMSC’s cases against Sinovel are the perfect litmus test for whether statements like these are rhetoric or reality.”    

A day after laying out his counterterrorism vision, President Barack Obama is addressing future military leaders who could help carry it out in a speech to U.S. Naval Academy graduates.    

The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy.    

US orders for durable goods up 3.3 percent in April, helped by gain in business investment.