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Oyo Talks to Apollo for $660 Million Refinance on IPO Delay
Oyo Talks to Apollo for $660 Million Refinance on IPO Delay
Oyo Hotels is in talks with Apollo Global Management Inc. to refinance a $660 million loan as the
2023-10-06 12:00
Ford recalls SUVs, some for a second time, to fix rear camera display
Ford recalls SUVs, some for a second time, to fix rear camera display
Ford is recalling over 422,000 SUVs in the U.S. because the image from the rear camera may not be displayed
2023-05-18 19:55
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
By Paul Sandle LONDON (Reuters) -BT Group, Britain's biggest broadband and mobile provider, will cut up to 55,000 jobs including
2023-05-18 18:22
Elon Musk’s ‘X’ already trademarked by Mark Zuckerberg’s Meta for ‘social networking services’
Elon Musk’s ‘X’ already trademarked by Mark Zuckerberg’s Meta for ‘social networking services’
Elon Musk may face legal difficulties after rebranding Twitter to X, trademark experts have warned, with tech rivals Meta and Microsoft both owning intellectual property rights for the letter. The tech billionaire renamed the social network on Monday, nine months after taking over the company in a $44 billion deal. The name change forms part of his plan to turn the platform into an “everything app”, which will offer services akin to China’s WeChat and India’s PayTM. X chief executive Linda Yaccarino said the company wanted to “transform the global town square” to integrate payments, banking and create a “global marketplace for ideas, goods, services, and opportunities”. Before achieving this goal, however, IP lawyers claim Mr Musk’s firm may face challenges from its competitors. “There’s a 100 per cent chance that Twitter is going to get sued over this by somebody,” US trademark lawyer Josh Gerben told Reuters, noting that there are nearly 900 active US trademark registrations that already cover the letter X. These include Mark Zuckerberg’s Meta, which owns a federal trademark for a blue-and-white letter ‘X’ relating to “social networking services in the fields of entertainment, gaming and application development”. Microsoft also has registered trademarks for the letter ‘X’ relating to its Xbox video game console. Neither company responded to a request for comment. Mr Musk first owned the X.com domain in 1999, when he founded a financial services company that later went on to become PayPal. He reacquired the domain in 2017 after making a deal with his former company, before tweeting in October 2022 that buying Twitter was “an accelerant to creating X, the everything app”. It is not clear whether Mr Musk has applied for a trademark for X, but if he succeeds he may still face difficulties in protecting the registered rights against other brands using the letter. “The very essence of trade mark registration is obtaining an exclusive right to the brand that is registered,” Matthew Harris, a trademark lawyer with Pinsent Masons, told The Independent. “It may be difficult to obtain for Elon Musk under the ‘X’ rebrand, not to mention the difficulty, should he obtain registered protection, in trying to enforce any registered rights in ‘X’ against other brands using a similar name.” Read More What is Elon Musk’s ‘everything app’ X? Twitter to X: Why Elon Musk rebranded the social networking platform Twitter rebrands to X as Elon Musk loses iconic bird logo What is Elon Musk’s ‘everything app’ X?
2023-07-25 20:48
Kanye West Has X Account Reinstated After Months-Long Suspension
Kanye West Has X Account Reinstated After Months-Long Suspension
Kanye West has been reinstated on X, the social media platform formerly known as Twitter, after a nearly
2023-07-30 21:22
Stock market today: Wall Street rallies as economy keeps growing and profits keep rising
Stock market today: Wall Street rallies as economy keeps growing and profits keep rising
Stocks are rallying on Wall Street following fatter-than-expected profit reports from big companies and the latest signals that the economy continues to defy predictions for a recession
2023-07-27 21:45
Meta launches Twitter rival Threads -- but not in Europe
Meta launches Twitter rival Threads -- but not in Europe
Facebook behemoth Meta officially will launch Threads, its text-based rival to Twitter, on Wednesday -- but its release in Europe has...
2023-07-06 06:22
Cathay Bank Foundation Announces the 2023 Scholarship Winners, Supporting Education and Empowering Future Leaders
Cathay Bank Foundation Announces the 2023 Scholarship Winners, Supporting Education and Empowering Future Leaders
LOS ANGELES--(BUSINESS WIRE)--Aug 17, 2023--
2023-08-17 20:18
Trump Asks Georgia Supreme Court to Halt 2020 Election Probe
Trump Asks Georgia Supreme Court to Halt 2020 Election Probe
Donald Trump asked the Georgia Supreme Court to halt a state investigation into his efforts to overturn the
2023-07-15 02:47
Surging Food Prices Seen Pushing Up India’s Inflation in June
Surging Food Prices Seen Pushing Up India’s Inflation in June
Spiraling prices of tomato, onion and pulses are emerging as new risks for India’s retail inflation, reaffirming expectations
2023-07-12 06:24
China Slowdown Adds to Boycott Woes for Japanese Beauty Stocks
China Slowdown Adds to Boycott Woes for Japanese Beauty Stocks
As companies battle to grab a bigger share of Asia’s growing cosmetics market, they’re receiving an unhappy reminder
2023-11-16 06:53
US ‘Hard Landing’ View Has TCW’s Patton Bullish on Treasuries
US ‘Hard Landing’ View Has TCW’s Patton Bullish on Treasuries
Unconvinced the Federal Reserve will be able to rein in inflation without triggering a recession, Jamie Patton at
2023-08-19 03:18