Guess (NYSE:GES) discloses that Italian tax authorities have assessed tax payable by the companies subsidiaries of about $ 12 million for fiscal years 2008 and 2009, and accordingly, review proceedings by a prosecutor in Italy have been initiated with respect to present and previous members of the company’s management team.
In a late-night filing, Samsung (NASDAQ:SSNLF) has reportedly informed Judge Lucy Koh that the United States Patents and Trademark Office has rejected Apple’s (NASDAQ:AAPL) rubber banding patent for a software feature that indicates a user has reached down to the end of a list, on the ground that it is “prior art”. Though Apple would likely appeal the decision of the USPTO, this does complicate the current courtroom battle between Apple and Samsung which is far from over even though the jury passed a verdict favourable to Apple.
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Cambridge, Massachusetts-based SR One fund, a venture capital fund owned by GlaxoSmithKline’s (NYSE:GSK), is reportedly on the lookout to make an investment in a biotech company that can provide early warning signs for Alzheimer’s disease, as well as a drug treatment for it.
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