Adidas loses 3-stripes trade mark battle in Europe

The employee of Adidas Elisabeth Koelemij Peters, poses with a shoe of the German sportswear giant prior the shareholders meeting of the German sportswear giant Adidas. Sportswear giant Adidas lost another battle over its three-stripe branding on clothing, footwear and headgear. The General Court of the European Union confirmed Wednesday that the three parallel stripes applied in any direction is not a valid trade mark. “Adidas is disappointed with the recent ruling by the General Court to uphol


The employee of Adidas Elisabeth Koelemij Peters, poses with a shoe of the German sportswear giant prior the shareholders meeting of the German sportswear giant Adidas. Sportswear giant Adidas lost another battle over its three-stripe branding on clothing, footwear and headgear. The General Court of the European Union confirmed Wednesday that the three parallel stripes applied in any direction is not a valid trade mark. “Adidas is disappointed with the recent ruling by the General Court to uphol
Adidas loses 3-stripes trade mark battle in Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: silvia amaro
Keywords: news, cnbc, companies, 3stripe, german, giant, applied, battle, court, europe, mark, loses, general, spokesperson, direction, 3stripes, adidas, trade


Adidas loses 3-stripes trade mark battle in Europe

The employee of Adidas Elisabeth Koelemij Peters, poses with a shoe of the German sportswear giant prior the shareholders meeting of the German sportswear giant Adidas.

Sportswear giant Adidas lost another battle over its three-stripe branding on clothing, footwear and headgear.

The General Court of the European Union confirmed Wednesday that the three parallel stripes applied in any direction is not a valid trade mark.

“Adidas does not prove that that mark has acquired, throughout the territory of the EU, distinctive character following the use which had been made of it,” the General Court said in its ruling.

This is not the first time that the German company has had to address challenges with regards to its logo. In 2014, the European Union Intellectual Property Office registered, in favour of Adidas, the three parallel equidistant stripes of identical width, applied on the product in any direction. However, in 2016, the same institution annulled that registration on the basis that it lacked a distinctive character – this came after an application from the Belgian undertaking, Shoe Branding Europe BVBA.

“Adidas is disappointed with the recent ruling by the General Court to uphold the cancellation of the company’s 3-Stripe mark applied to our products in whichever direction in Europe,” a spokesperson for Adidas told CNBC via email on Thursday.

The same spokesperson told CNBC that Adidas is considering its options.

“This ruling is limited to this particular execution of the 3-Stripe mark and does not impact on the broad scope of protection that adidas has on its well-known 3-Stripe mark in various forms in Europe. Whilst we are disappointed with the decision, we are further evaluating it and are welcoming the useful guidance that the Court will give us for protecting our 3-Stripe mark applied to our products in whichever direction in the future,” the spokesperson said.


Company: cnbc, Activity: cnbc, Date: 2019-06-20  Authors: silvia amaro
Keywords: news, cnbc, companies, 3stripe, german, giant, applied, battle, court, europe, mark, loses, general, spokesperson, direction, 3stripes, adidas, trade


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Draghi’s dovish talk steers his successor toward a new era of stimulus

Amid a slowdown in the euro zone economy, Draghi’s dovish tone and prospects for further monetary stimulus, there are questions about the path the next president might take. However, the decision on who will be the next ECB chief is tightly linked with a few other important calls in Europe. European leaders gathering in Brussels Thursday will have their second round of talks on who should lead the European Commission — the EU’s executive arm. However, European Council President Donald Tusk, who


Amid a slowdown in the euro zone economy, Draghi’s dovish tone and prospects for further monetary stimulus, there are questions about the path the next president might take. However, the decision on who will be the next ECB chief is tightly linked with a few other important calls in Europe. European leaders gathering in Brussels Thursday will have their second round of talks on who should lead the European Commission — the EU’s executive arm. However, European Council President Donald Tusk, who
Draghi’s dovish talk steers his successor toward a new era of stimulus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: silvia amaro
Keywords: news, cnbc, companies, ecb, policy, decision, talk, commission, era, happen, steers, successor, stimulus, draghis, european, draghi, dovish, president, leaders, council


Draghi's dovish talk steers his successor toward a new era of stimulus

Investors in Europe are likely to receive more clues this week on who will replace Mario Draghi, just days after the European Central Bank (ECB) president signaled that more accommodative policy could be on the way.

Amid a slowdown in the euro zone economy, Draghi’s dovish tone and prospects for further monetary stimulus, there are questions about the path the next president might take. However, the decision on who will be the next ECB chief is tightly linked with a few other important calls in Europe.

European leaders gathering in Brussels Thursday will have their second round of talks on who should lead the European Commission — the EU’s executive arm. Once that’s achieved, the route for choosing the next Draghi will be opened.

“We are still waiting for the Commission (decision),” a European official with knowledge of the discussions, who did not want to be named due to their sensitivity, told CNBC Wednesday over the phone.

The 28 EU heads of state are at an impasse over the Commission presidency. However, European Council President Donald Tusk, who chairs the European summits in Brussels, said Wednesday that despite different viewpoints, there’s “a common will to finalize this process soon.”

Chancellor Angela Merkel of Germany said this should happen before July 2.

EU leaders must also agree on a new foreign policy chief, a new president of the European Parliament and president of the European Council. With all these decisions, due to happen before October at the latest, they will seek a balance between nationality, gender and political affiliation.


Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: silvia amaro
Keywords: news, cnbc, companies, ecb, policy, decision, talk, commission, era, happen, steers, successor, stimulus, draghis, european, draghi, dovish, president, leaders, council


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ECB vice president says another bond-buying program could be part of new stimulus

The European Central Bank’s (ECB) vice president said another large bond-buying program could be an option if inflation in the region doesn’t reach its intended target. Market players are keeping a close eye on the ECB amid concerns about growth in the 19-member region. ECB President Mario Draghi said Tuesday, with a defiantly dovish tone, that if the economic situation deteriorates in the coming months the bank would announce new stimulus. Speaking to CNBC Wednesday, ECB Vice President Luis de


The European Central Bank’s (ECB) vice president said another large bond-buying program could be an option if inflation in the region doesn’t reach its intended target. Market players are keeping a close eye on the ECB amid concerns about growth in the 19-member region. ECB President Mario Draghi said Tuesday, with a defiantly dovish tone, that if the economic situation deteriorates in the coming months the bank would announce new stimulus. Speaking to CNBC Wednesday, ECB Vice President Luis de
ECB vice president says another bond-buying program could be part of new stimulus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: silvia amaro
Keywords: news, cnbc, companies, vice, ecb, instruments, bondbuying, program, economic, stimulus, guindos, range, growth, central, president, region


ECB vice president says another bond-buying program could be part of new stimulus

The European Central Bank’s (ECB) vice president said another large bond-buying program could be an option if inflation in the region doesn’t reach its intended target.

Market players are keeping a close eye on the ECB amid concerns about growth in the 19-member region. ECB President Mario Draghi said Tuesday, with a defiantly dovish tone, that if the economic situation deteriorates in the coming months the bank would announce new stimulus.

Speaking to CNBC Wednesday, ECB Vice President Luis de Guindos added to Draghi’s comments and outlined some possible measures the central bank could implement. “We have a wide range of instruments available: We have forward guidance, we have TLTRO (targeted longer-term refinancing operations), we have the reinvestment of the maturities of our balance sheets — so there is an ample, you know, range of instruments that we could use, and QE (quantitative easing) is one of them,” De Guindos told CNBC’s Annette Weisbach in Sintra, Portugal.

The ECB foresees “lingering softness” in the short term, in particular due to geopolitical factors and trade conflicts, which have weighed on exports and on the manufacturing sector — two important drivers of economic growth in the euro zone.


Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: silvia amaro
Keywords: news, cnbc, companies, vice, ecb, instruments, bondbuying, program, economic, stimulus, guindos, range, growth, central, president, region


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Italy’s idea of a parallel currency gets a frosty response

Supporters of the idea, including one of Italy’s ruling parties, Lega, believe the short-term securities would help the government reduce its outstanding bills. You are going to have a loss of general confidence in the Italian debt in the markets,” Jacob Kirkegaard of the Peterson Institute for International Economics told CNBC last week. The mini-BOTs discussion has also resurfaced fears about Italy’s commitment to the single currency. I will stop here,” he said, hinting at Italy’s lofty debt p


Supporters of the idea, including one of Italy’s ruling parties, Lega, believe the short-term securities would help the government reduce its outstanding bills. You are going to have a loss of general confidence in the Italian debt in the markets,” Jacob Kirkegaard of the Peterson Institute for International Economics told CNBC last week. The mini-BOTs discussion has also resurfaced fears about Italy’s commitment to the single currency. I will stop here,” he said, hinting at Italy’s lofty debt p
Italy’s idea of a parallel currency gets a frosty response Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: silvia amaro
Keywords: news, cnbc, companies, idea, italys, currency, euro, parties, gets, minibots, response, italian, told, lega, parallel, debt, frosty


Italy's idea of a parallel currency gets a frosty response

A proposal in Rome to issue small-denomination bonds to help pay back its debts could have disastrous consequences for the Italian economy, an analyst has told CNBC. The Italian government is considering a proposal that would see the treasury issue securities — so-called mini-BOTs (short-term treasury bills) — that could be used by recipients to pay taxes or to buy goods or services from state-owned companies. Supporters of the idea, including one of Italy’s ruling parties, Lega, believe the short-term securities would help the government reduce its outstanding bills. On the other hand, critics argue that it would lead to higher public debt in a country that already has the second largest debt pile in the euro zone. Some traders have cited concern over these mini-BOTs as a reason for a rise in Italian government debt yields in recent sessions, according to Reuters.

Why are markets cautious about the idea?

“If Italy goes down that rout, it will in my opinion be a disaster for the country. You are going to have a loss of general confidence in the Italian debt in the markets,” Jacob Kirkegaard of the Peterson Institute for International Economics told CNBC last week. The mini-BOTs discussion has also resurfaced fears about Italy’s commitment to the single currency. Prior to the general election in 2018, both coalition parties — the leftist Five Star Movement and the right-wing Lega, spread doubts about the country’s membership of the euro zone. Since then, both parties have toned down their euroskepticism but one of the main economic minds from Lega, Claudio Borghi, is still openly hostile to the idea of the common currency. “There are a number of economists, including influential ones close to the Italian government, who believe the euro is a key reason for Italian underperformance, and the leaders of the coalition have never fully put this idea to bed,” Erik Nielsen, group chief economist at UniCredit, said in a note last week. “But given the influence in Rome of a number of people elected on a platform of resentment towards others (it’s the euro’s fault, Brussels’ fault, Germany’s fault…), who have mused publicly about former Greek Finance Minister (Yanis) Varoufakis’ plan of leaving the euro by first introducing a parallel currency, and even suggesting that mini-BOTs could be issued and then made into legal tender as a parallel currency, they have managed to attach a huge degree of stigma to the otherwise sound idea of addressing the public sector arrears via securitization,” Nielsen added.

What do the ECB and the IMF think?

Mario Draghi, the president of the European Central Bank (ECB) has directly addressed the proposals. He said in a press conference earlier this month that mini-BOTs “are either money and then they are illegal” or they are debt: “And then that stocks goes up. I will stop here,” he said, hinting at Italy’s lofty debt pile. Also Christine Lagarde, the managing director of the International Monetary Fund, does not seem to be very fond of the idea. She told CNBC Thursday: “On this strange financial instrument that has been developed in Italy, we think that there are many better ways to deal with the payment of arrears. It does not require the creation of such instruments. Italian bonds could absolutely do the job … why bother?”

What are the chances that the idea will move forward?


Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: silvia amaro
Keywords: news, cnbc, companies, idea, italys, currency, euro, parties, gets, minibots, response, italian, told, lega, parallel, debt, frosty


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US Treasury yields tick lower ahead Federal Reserve meeting

U.S. government debt prices were lower Monday morning, as traders await a crucial Federal Reserve meeting this week. At around 01:51 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.1028%, while the yield on the 30-year Treasury bond was also higher at around 2.5994%. Traders are largely focused on monetary policy with a Federal Reserve meeting due to start Tuesday. Market expectations point to the Fed cutting interest rates this y


U.S. government debt prices were lower Monday morning, as traders await a crucial Federal Reserve meeting this week. At around 01:51 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.1028%, while the yield on the 30-year Treasury bond was also higher at around 2.5994%. Traders are largely focused on monetary policy with a Federal Reserve meeting due to start Tuesday. Market expectations point to the Fed cutting interest rates this y
US Treasury yields tick lower ahead Federal Reserve meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: silvia amaro
Keywords: news, cnbc, companies, tick, policy, higher, meeting, weekat, week, reserve, lower, treasury, ahead, yield, monetary, yields, federal


US Treasury yields tick lower ahead Federal Reserve meeting

U.S. government debt prices were lower Monday morning, as traders await a crucial Federal Reserve meeting this week.

At around 01:51 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.1028%, while the yield on the 30-year Treasury bond was also higher at around 2.5994%.

Traders are largely focused on monetary policy with a Federal Reserve meeting due to start Tuesday. Market expectations point to the Fed cutting interest rates this year, but several analysts told CNBC that they do not see a change in monetary policy happening this week.


Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: silvia amaro
Keywords: news, cnbc, companies, tick, policy, higher, meeting, weekat, week, reserve, lower, treasury, ahead, yield, monetary, yields, federal


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Dow futures higher as investors await Fed meeting

Unilever staff took part in DNA experiment to tackle unconscious…Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has…Marketing.Media.Moneyread more


Unilever staff took part in DNA experiment to tackle unconscious…Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has…Marketing.Media.Moneyread more
Dow futures higher as investors await Fed meeting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: silvia amaro
Keywords: news, cnbc, companies, taken, higher, investors, meeting, futures, unusual, dna, step, dow, tackle, read, await, fed, took, unconsciousconsumer, staff, unilever


Dow futures higher as investors await Fed meeting

Unilever staff took part in DNA experiment to tackle unconscious…

Consumer goods giant Unilever has taken the unusual step of having some of its marketing staff read their own DNA profiles to see whether finding out about their heritage has…

Marketing.Media.Money

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Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: silvia amaro
Keywords: news, cnbc, companies, taken, higher, investors, meeting, futures, unusual, dna, step, dow, tackle, read, await, fed, took, unconsciousconsumer, staff, unilever


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Pfizer to buy cancer drug developer Array Biopharma for $10.64 billion

The Fed is likely to drop ‘patient’ word this week, economists… The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer. Market Insiderread more


The Fed is likely to drop ‘patient’ word this week, economists… The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer. Market Insiderread more
Pfizer to buy cancer drug developer Array Biopharma for $10.64 billion Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: fred imbert, silvia amaro
Keywords: news, cnbc, companies, week, rate, drug, likely, word, rates, patient, biopharma, way, buy, pfizer, developer, fed, array, 1064, billion, cancer, meets, summermarket


Pfizer to buy cancer drug developer Array Biopharma for $10.64 billion

The Fed is likely to drop ‘patient’ word this week, economists…

The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.

Market Insider

read more


Company: cnbc, Activity: cnbc, Date: 2019-06-17  Authors: fred imbert, silvia amaro
Keywords: news, cnbc, companies, week, rate, drug, likely, word, rates, patient, biopharma, way, buy, pfizer, developer, fed, array, 1064, billion, cancer, meets, summermarket


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US Treasury yields fall after report shows little inflation

U.S. government debt yields fell on Wednesday after a government report showed that prices consumers pay across the U.S. economy inched higher in May. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.119%, while the yield on the 30-year Treasury bond was little changed at 2.618%. The Labor Department’s consumer price index rose a seasonally adjusted 0.1% in May as consumers paid little more for goods ranging from milk and eggs to electri


U.S. government debt yields fell on Wednesday after a government report showed that prices consumers pay across the U.S. economy inched higher in May. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.119%, while the yield on the 30-year Treasury bond was little changed at 2.618%. The Labor Department’s consumer price index rose a seasonally adjusted 0.1% in May as consumers paid little more for goods ranging from milk and eggs to electri
US Treasury yields fall after report shows little inflation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: thomas franck silvia amaro, thomas franck, silvia amaro
Keywords: news, cnbc, companies, yields, fall, inflation, yield, consumers, volatile, fell, report, price, socalled, treasury, rose, little, shows


US Treasury yields fall after report shows little inflation

U.S. government debt yields fell on Wednesday after a government report showed that prices consumers pay across the U.S. economy inched higher in May.

At around 12:19 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.119%, while the yield on the 30-year Treasury bond was little changed at 2.618%.

The Labor Department’s consumer price index rose a seasonally adjusted 0.1% in May as consumers paid little more for goods ranging from milk and eggs to electricity and rent. Excluding volatile energy and food components, costs rose a similar 0.1%.

Prices rose 1.8% from the previous year, while the so-called core gauge rose 2%; both prints fell just short of what economists polled by Dow Jones had expected.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: thomas franck silvia amaro, thomas franck, silvia amaro
Keywords: news, cnbc, companies, yields, fall, inflation, yield, consumers, volatile, fell, report, price, socalled, treasury, rose, little, shows


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Dow futures slightly higher despite Trump’s warning on China tariffs

U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher. President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.


U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher. President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.
Dow futures slightly higher despite Trump’s warning on China tariffs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: silvia amaro
Keywords: news, cnbc, companies, futures, donald, trumps, trump, chinese, china, xi, warning, war, higher, points, dow, despite, slightly, president, tariffs, trade


Dow futures slightly higher despite Trump's warning on China tariffs

U.S. stock index futures were slightly higher Tuesday morning despite comments from President Donald Trump on trade war with China.

At around 01:36 a.m. ET, Dow futures rose 45 points, indicating a positive open of more than 59 points. Futures of S&P and Nasdaq were also seen slightly higher.

President Donald Trump told CNBC on Monday that if Chinese President Xi Jinping does not attend the G-20 meeting later this month, there will be additional duties on Chinese goods. This would take effect immediately.


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: silvia amaro
Keywords: news, cnbc, companies, futures, donald, trumps, trump, chinese, china, xi, warning, war, higher, points, dow, despite, slightly, president, tariffs, trade


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US Treasury yields tick lower amid fresh trade tensions and recession fears

U.S. government debt prices were higher Friday morning, as investors are closely monitoring developments in the bond market. At around 01:32 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.1731%, while the yield on the 30-year Treasury bond was also lower at around 2.6150%.


U.S. government debt prices were higher Friday morning, as investors are closely monitoring developments in the bond market. At around 01:32 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.1731%, while the yield on the 30-year Treasury bond was also lower at around 2.6150%.
US Treasury yields tick lower amid fresh trade tensions and recession fears Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: silvia amaro
Keywords: news, cnbc, companies, yields, fears, amid, trade, morning, treasury, recession, yield, price, moves, bond, monitoring, note, lower, fresh, prices, tick, tensions


US Treasury yields tick lower amid fresh trade tensions and recession fears

U.S. government debt prices were higher Friday morning, as investors are closely monitoring developments in the bond market.

At around 01:32 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.1731%, while the yield on the 30-year Treasury bond was also lower at around 2.6150%.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: silvia amaro
Keywords: news, cnbc, companies, yields, fears, amid, trade, morning, treasury, recession, yield, price, moves, bond, monitoring, note, lower, fresh, prices, tick, tensions


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