Hewlett-Packard Company (NYSE:HPQ) reports that it has amicably settled its patent litigation with Rio Branco Ltda., which distributes the Brazilian brand Maxprint, linked to H-P’s integrated printhead inkjet cartridges. Through the terms, Maxprint acknowledges that the latter’s patents are valid and enforceable, and has also agreed to cease the sales of the cartridges in question not only in Brazil but in other countries where the cartridges are sold. The parties agree that Maxprint may sell any remaining inventory until Dec. 1, 2012, after which date all infringing product sales by Maxprint must stop. In addition, as part of a wider patent enforcement program in Brazil, Hewlett-Packard has reached resolutions with other companies regarding the sale of the same print cartridges in that country.
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Johnson & Johnson (NYSE:JNJ) is establishing four centers worldwide to search out early-stage acquisitions, partnerships and investment opportunities, according to Bloomberg.
JPMorgan Chase & Co. (NYSE:JPM) has appointed Rob Sivitilli as the company’s chief of mergers and acquisitions for Asia excluding Japan, says the Wall Street Journal. Prior to this, Sivitilli was head of M&A along with corporate finance for Southeast Asia, a role which he will retain.
3M Company (NYSE:MMM) Chief Executive Inge Thulin said that the company is planning for a “tough situation” in Europe, in remarks at Citi Global Industrials Conference.
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