The Wall Street Journal reports, A Chinese court has begun mediating a dispute between Apple and a Chinese company, over the China rights to the iPad name, marking the latest twist in a dispute over ownership of the lucrative trademark there. Apple has argued, that it purchased rights to the name, from Proview as part of a 2009 agreement. The electronics maker Proview International Holding, had registered the trademark years earlier for a product called IPAD, which has since been discontinued, and contends, it still rightfully owns the China rights to the name. Proview has expressed a desire to negotiate with Apple, but declined to say how much it would seek in a settlement.
Bloomberg reports, Wal-Mart is the subject of a U.S. Justice Department criminal investigation, into allegations of bribery, in its Mexican subsidiary. The Justice Department is investigating potential criminal charges, under the U.S. Foreign Corrupt Practices Act. Wal-Mart is conducting its own review of allegations, that its representatives paid local officials in Mexico, to get stores opened faster, in the early years of 2000. The expansion of Wal-Mart de Mexico, mainly in the last decade, left the world’s largest retailer, with about 20 percent of its stores in Mexico, out of more than 10,000 worldwide.
Reuters reports, Facebook reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network’s sizzling growth, may be cooling as it prepares to go public in the biggest ever Internet IPO. The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends. Facebook is preparing to raise at least $5 billion in an initial public offering, that could value the world’s largest social network at up to $100 billion.
The Wall Street Journal reports, A Chinese court has begun mediating a dispute between Apple and a Chinese company, over the China rights to the iPad name, marking the latest twist in a dispute over ownership of the lucrative trademark there. Apple has argued, that it purchased rights to the name, from Proview as part of a 2009 agreement. The electronics maker Proview International Holding, had registered the trademark years earlier for a product called IPAD, which has since been discontinued, and contends, it still rightfully owns the China rights to the name. Proview has expressed a desire to negotiate with Apple, but declined to say how much it would seek in a settlement.
Bloomberg reports, Wal-Mart is the subject of a U.S. Justice Department criminal investigation, into allegations of bribery, in its Mexican subsidiary. The Justice Department is investigating potential criminal charges, under the U.S. Foreign Corrupt Practices Act. Wal-Mart is conducting its own review of allegations, that its representatives paid local officials in Mexico, to get stores opened faster, in the early years of 2000. The expansion of Wal-Mart de Mexico, mainly in the last decade, left the world’s largest retailer, with about 20 percent of its stores in Mexico, out of more than 10,000 worldwide.
Reuters reports, Facebook reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network’s sizzling growth, may be cooling as it prepares to go public in the biggest ever Internet IPO. The company blamed the first-quarter decline, which surprised some on Wall Street, on seasonal advertising trends. Facebook is preparing to raise at least $5 billion in an initial public offering, that could value the world’s largest social network at up to $100 billion.