AuthorAbaigael Schlomski

Three stripes are not an exclusive trademark of Adidas, court rules

T

Adidas has lost a court case concerning trademark protection of the well-known three stripes at the General Court of the European Union. The judges thereby confirm the opinion of the EU Intellectual Property Office (EUIPO).   Adidas had applied for trademark protection in 2013 for placing the three stripes in all directions on clothing, shoes or caps. The Belgian company Shoe Branding lodged an...

Decline in the residential construction in the US reported

D

The number of homes under construction in the United States fell by 0.9 percent in May compared to a month earlier. The US Department of Commerce announced this.   On the contrary, economists had generally expected that housing construction would increase by 0.4 percent. According to a new estimate, housing construction increased by 6.8 percent in April. The ministry also announced that the...

Sale of property provides Hudson’s Bay profit

S

Hudson’s Bay (HBC) department store chain closed the first quarter of its financial year with black numbers. The fact that a plus remained below the line is due solely to the sale of a retail property in New York, which generated 817 million Canadian dollars (543 million euros). HBC closed the measurement period with a profit from continuing operations of 275 million Canadian dollars. That...

Renault wants to be less French

R

France is willing to sell shares in Renault if that benefits the cooperation with Nissan. That is what French Finance Minister Bruno Le Maire has said. He said Saturday in Fukuoka, Japan, where a G20 summit is being held, after Fiat Chrysler stopped earlier this week because of the merger plans with the French car company. The Italian-American group took that decision because the negotiations...

Plenty of hope for the Fortis claim

P

The enthusiasm of duped Fortis investors to join the settlement due to deception leading up to the collapse of Fortis is greater than expected. That says investor association VEB. There are also fewer people than expected who do not participate in the settlement to continue litigation for a higher fee. 266,000 individual claims have been submitted. Processing the pile takes extra time, which...

Best Buy benefits from takeover and services

B

Best Buy consumer electronics store chain recorded higher profits in the first quarter than in the same period last year. The American company benefited from the GreatCall, which was acquired last year, which develops devices such as smartwatches and telephones for the elderly. All in all, Best Buy ended its first quarter with a net profit of $ 265 million, compared to $ 208 million a year...

TikTok app developer works on own music service

T

The maker of the popular video app TikTok would work on its own music service that has to compete with Spotify and Apple Music, insiders told the Bloomberg news agency. The new music service would mainly focus on low-income countries, where existing music services have not yet gained such a large market share. ByteDance, rhe developer behind the TikTok would like to release the app in the fall of...

Shipping company Vroon in heavy weather after third consecutive year of losses

S

Shipping company Vroon is in serious financial trouble after the third consecutive year in which large losses were incurred. A consortium of eighteen banks recently set stricter requirements for further financing of the company. CEO Herman Marks tells that Vroon will suffer a loss this year as well, but that this will be considerably less than last year. “The results will be considerably...

Tesla comes to investors for money

T

Tesla is going to get funding from investors despite earlier statements by CEO Elon Musk that it is unnecessary. The maker of electric cars is aiming for around 2 billion dollars with the issue of shares and bonds. Musk repeated several times last year that Tesla does not need any additional capital. He changed tone last week after the Tesla money box shrank to $ 2.2 billion in the first three...

Less revenue and profit for broadcaster Manpower

L

Manpower temporary employment service achieved less revenue and profit last quarter than the same period last year. According to the company, which has been struggling with difficult market conditions for some time, there was a stabilizing trend in some important European markets. The competitor of Randstad closed the first three months of 2019 with a turnover of 5 billion dollars, almost 9...

Recent Posts

Categories