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Schlumberger Fights To Boost Patent Damages At Us Supreme Court

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WASHINGTON – The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV (SLB.N), the world’s largest oilfield services provider.

The nine justices heard about an hour of arguments that will resolve the amount of money that rival ION Geophysical Corp (IO.N) must pay for infringing Schlumberger technology that helps search for oil and gas beneath the ocean floor. Both companies are based in Houston.

Some justices, including conservative Justice Neil Gorsuch and liberal Justice Stephen Breyer, expressed concerns about applying U.S. patent laws abroad, while others indicated that Schlumberger should be fully compensated.

Schlumberger is appealing a lower court ruling that barred it from recovering $93.4 million in lost profits stemming from foreign contracts the company said it missed out on as a result of the infringement.

Schlumberger said federal patent law protects against infringement that occurs when components of a patented invention are supplied from the United States for assembly abroad, and so it should be fully compensated for its lost foreign sales.

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Deutsche Bank Announces Investment Bank Cuts After Sharp Profit Drop

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FRANKFURT – Deutsche Bank (DBKGn.DE) on Thursday announced cuts to its bond and equities trading in a major overhaul of its troubled investment bank after posting a 79 percent drop in net profit in the first quarter.

The cuts will result in job losses and include a scaling-back of its business with hedge funds. The bulk of the cuts will focus on the United States and Asia.

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China Considering Cutting Duty On Imported Cars By About Half Bloomberg

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BEIJING/SHANGHAI – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter.

China’s cabinet is weighing proposals to reduce the levy on imported cars to 10 percent or 15 percent from the current 25 percent, according to Bloomberg. An announcement on the decision could be made as soon as next month, it added.

China pledged earlier this month to open up its auto market, the world’s largest, announcing a timeline to remove long-standing caps on foreign ownership of automotive ventures and saying it would cut tariffs on imported cars soon.

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Lidl is selling a £17 ice-cream maker – and it’s one of the cheapest out there

LIDL is selling a bargain ice-cream maker to treat your sweet tooth this summer – but you’ll need to hurry. The budget retailer’s machine will be available in stores from tomorrow…

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LIDL is selling a bargain ice-cream maker to treat your sweet tooth this summer – but you’ll need to hurry.

The budget retailer’s machine will be available in stores from tomorrow (Thursday April 26) for just under £17.

 Lidl's ice-cream maker comes in bright pink or blue colours Lidl’s ice-cream maker comes in bright pink or blue colours

That’s a pretty good price considering ice-cream makers range in cost from £20 to hundreds of pounds.

For example, one machine from Gourmet Gadgetry Vintage, which has a retro 1950s look similar to Lidl’s and a 1.2 litre bowl, will set you back £28 on Amazon.

A similar gadget from American Originals is also selling for £32 at Argos.

Meanwhile, more sophisticated models from the likes of Cuisinart could set you back as much as £225 on Amazon.

 Lidl’s machine is suitable for preparing up to 1L of ice cream, sorbet or frozen yoghurt Lidl’s machine is suitable for preparing up to 1L of ice cream, sorbet or frozen yoghurt

Lidl’s ice-cream maker comes in bright pink or blue colours.

It is suitable for preparing up to 1L of ice cream, sorbet or frozen yoghurt.

The beater and lid are also dishwasher-safe for convenient clean-up.

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Do remember that cheaper machines –  like the one from Lidl – require a little pre-planning.

That’s because they first churn the ice cream in a “freezer bowl”, which you have to chill for around 24 hours before using.

If you’re still interested, you’ll have to be quick.

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