Monday, March 15, 2010
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Apple's Got a Big Problem: Fujitsu Applied to Trademark "iPad" First

Not only has Apple come under fire for naming their new tablet device the "iPad", inciting chuckles and references to feminine products, it now appears as though they may have a legal issue on their hands. It looks like as they did with the iPhone, Apple is seeking to use a name that existed before. Fujitsu first laid claim to the name with their Windows CE-based iPad in 2002.

According to the New York Times, Fujitsu's application to trademark the iPad name stalled due to an earlier filing by Mag-Tech, and information technology security company in Seal Beach, CA, for a handheld computer encrypting device. According to the US Patent and Trademark OFfice, Fujitsu's application was listed as abandoned in early 2009, but the company had revived their application in June 2009.

Just one month later, Apple used a proxy to apply for an international trademark for the iPad. Since then, Apple has filed a number of requests with the Patent Office for more time to oppose Fujitsu's application. Apple now has until February 28 to say whether it will oppose Fujitsu's claims to the iPad name.

iPad Release Likely to Be Staggered Globally

Europe and other international markets are likely to be waiting a bit longer than the United States to get their hands on the hottest new device from Apple -- the iPad. As expected, the iPads won't ship in other markets the at the same time it does in the U.S.

In addition, Apple has confirmed that iBooks will not be available at launch in any country other than the U.S., which suggests that Apple is working on licensing deals with other book publishers in each country.

Pricing on the iPad internationally is another unknown at this point. The company said:

"International pricing and worldwide availability will be announced at a later date."

Massive Toyota Recall Expands to Europe; Will Cost Up to $550 Million Per Month

Toyota Motor Corps. massive recall of eight models of their vehicles is now expanding to Europe. Millions of the company's most popular cars have been recalled due to dangerous accelerator pedals.

Toyota said that it had not yet determined how many vehicles in Europe would be recalled or when, but analysts and media in Europe are estimating that 2 million cars may be affected on top of the roughly 6 million cars in North America.

The recall and halt of sales and production in the U.S. of eight models have damaged Toyota's once stellar record for safety and reliability. The timing couldn't have been worse either, as the automaker was already struggling to recover from a downturn in the industry as well as growing competition.

On Thursday, shares of Toyota fell another 4 percent, taking losses since last week to more than 15 percent. This has wiped out about $25 billion in value to Japan's largest company.

GM to Discontinue Saab After Negotiations to Sell Collapse

General Motors Co. announced Friday that it will begin to wind down Saab after talks to sell the brand to Dutch carmaker Spyker Cars failed. In a news release, GM revealed that issues arose during the negotiations that could not be resolved.

In a statement GM Europe President Nick Reilly said:

"Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time,. In order to maintain operations, Saab needed a quick resolution."

The Detroit-based automaker said that it will continue to honor Saab customer warranties.

GM first sought to find a buyer for Saab in January as a part of its restructuring plans to downsize from eight brands to just four. GM had also previously been in talks to sell Saab to a consortium lead by Swedish automaker Koenigsegg Group AB, however they withdrew from talks in November. At that time, GM began talking with Spyker.

Amid Swine Flu Concerns, Hand Sanitizer is in Short Supply

Ever since the first cases of swine flu broke out earlier this year, demand for hand sanitizer has skyrocketed. Some makers of the gels are now scrambling to keep up with the demand.

The marketing research firm Panjiva recently estimated that 3 million kilograms of hand sanitizer were shipped in the 3rd quarter, compared to 1 million kilograms during the same quarter last year. Panjiva CEO Josh Green says that concerns over the H1N1 virus is the "most likely explanation" for the surge. Given the outlook for a particularly bad flu season, demand is only expected to rise further.

In response, companies like Purell are ramping up production and are urging customers not to hoard the product. Purell manufacturer Johnson & Johnson (JNJ) says that demand for Purell has been "heavy" since the first swine flu cases were reported.

J&J spokesman Marc Boston said in a statement:

"Due to the influenza A (H1N1) virus outbreak this past spring and resurgence this fall, Johnson & Johnson Consumer Companies Inc. has experienced heavy demand on supplies of Purell.

Boston said that the company is working to increase production for the remainder of 2009 and the beginning of 2010, but acknowledges that supplies could be limited in some areas:

Mobile Broadband Use and Revenues Will Soar Through 2014

The worldwide recession has caused hard times for many businesses, however it has had little effect on their use of mobile data services. According to an update to ABI Research's Business Mobility Market Data, global mobile data services revenue are expected to increase by 17 percent in 2010, and through 2014, mobile data services revenues will grow at a Compound Annual Growth rate of 12 percent.

Revenues from mobile broadband are expected to be at their highest from 2010 to 2014 in North America, but the largest share of mobile broadband services revenue will go to mobile business customers in Eastern Europe and the Middle East, where 2014 revenues will increase to 27 and 26 percent of total spending respectively.

The Asia Pacific area, application download revenues will see its greatest growth amongst mobile business customers The highest portion of average revenue per user spent for these applications will come from business customers in Western Europe and Asia Pacific.

ABI practice director Dan Shey said:

News Corp. Plans to Charge for Access to All Their Online News Content

News Corp. posted a $203 million loss for its fourth quarter, which is down from a profit of $1.1 billion during the same period one year ago. It should thus come as no surprise that Rupert Murdoch plans to do something about that. We he has decided, however, has "Fail" written all over it. On Wednesday Murdoch announced plans to charge for online access to all of News Corp's media properties.

Murdoch vowed to charge for access to all the online content owned by News Corp., including their newspapers and television news channels, which goes well beyond his prediction from May that the company would test pay models on some of its stronger papers sometime this year.

Murdoch said:

"We intend to charge for all our news websites. If we're successful, we'll be followed by all media."

He added, that he predicts "significant revenues" from charging for differentiated news online, and warns that "the big competition will be coming from the BBC", which offers free online news. However, he said "Our policy is to win."

Goldman Sachs to Make Record Profits & Bonus Payouts in 2009

While much of the financial industry is lucky to even have a job, the folks over at Goldman Sachs (NYSE: GS) can expect to receive their biggest bonus payouts in the firm's 140-year history after an amazing first half of the year. This news, however, has sparked concerns that the big investment banks that have survived the credit crunch will ultimately derail financial regulation reforms.

Due to a lack of competition combined with a surge in revenues from trading foreign currency, bonds and fixed-income products, profits at Goldman Sachs have soared. Last week, the firm's London staff were briefed on the company's prospects and were told to look forward to bumper bonuses, if it completed its most profitable year ever, as it is predicted they will.

Figures to be released next month which will detail the firm's second quarter earnings are anticipated to show a bigger jump in profits. They've already paid off $10 billion in TARP funds from the government. Financial genius Warren Buffet, who purchased $5 billion of Goldman Sachs' shares in January, has already made an impressive $1 billion gain on his investment.

GM to Sell Hummer to China; Has Tentative Deals for Saab & Saturn

Now that bankruptcy proceedings are in action, things are moving along pretty swiftly at General Motors Corp. An individual briefed on the deal now says that GM has a tentative agreement to sell its Hummer brand to Sichuan Tengzhong Heavy Industrial Machinery Co. in China. GM announced earlier on Tuesday that they had in place a memorandum of understanding to sell the brand, but did not disclose the buyer.

A formal announcement is expected to be made this afternoon.

GM also says that they have 16 buyers interested in purchasing their Saturn brand, and three parties interested in purchasing the Swedish Saab brand.

Sichuan Tengzhong primarily deals in plastics, resins, road construction, and other industrial products. The person who was briefed on the deal notes that Hummer would be its first venture into the automotive business.

Cocaine Found in Red Bull Cola; Drink to be Banned in Germany

After traces of cocaine were found in samples of Red Bull Cola, the drink may be banned in Germany. Samples of the drink were examined by German food authorities, and were found to contain 0.4 micrograms of cocaine per litre, which was said to have been caused by the method used to process cocoa leaves.

Six German states have already ordered retailers to stop selling the beverage. More are expected to follow suit this week.

Germany's Federal Institute for Risk Assessment said that the cocaine levels found were too low to pose a health risk. A more detailed report is expected tomorrow.

Red Bull is currently available in 148 countries worldwide. It is banned in Denmark, Norway, Uruguay, and now German due to health fears.

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