United States: Things To Know About The Latest Final Interim Rules To Patent Term Adjustment - Sheppard Mullin Richter & Hampton
The U.S. Patent and Trademark Office has recently published interim final rules revising several patent term adjustment provisions in view of the AIA Technical Corrections Act of January 14, 2013. 78 Fed. Reg. 19416.
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JPMorgan CEO: ‘Work to Do’ on Controls, Compliance
NEW YORK — JPMorgan Chase, the country’s biggest bank by assets, says its first-quarter earnings soared, even as revenue fell slightly. The bank made $6.1 billion in the first quarter, after stripping out payments to preferred shareholders. That was up 34 percent from the same period a year ago, when it made $4.6 billion. On a per-share basis, that amounted to $1.59. That blew away the estimates of analysts polled by FactSet, who had been expecting $1.39. Revenue and profit fell in its retail banking business, but increased in investment banking. JPMorgan funded $53 billion in mortgages, a jump of 37 percent from a year ago. But profits in the mortgage unit fell 31 percent, and the bank said profit margins were lower. Revenue was $25.8 billion, after stripping out the effect of an accounting charge. That beat analysts’ estimates of $25.7 billion, though it was down 3 percent from the same period a year ago. In many respects, it’s been a difficult year for the New York-based bank. ...
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Post Office Retreats on Eliminating Saturday Mail
(WASHINGTON) — The U.S. Postal Service backed down from its plan to eliminate Saturday mail delivery because Congress barred it, officials said Wednesday. But its governing board said it’s not possible for the financially ailing agency to meet cost-cutting goals without altering its delivery schedule. Delaying “responsible changes,” the board said, only makes it more likely that the Postal Service “may become a burden” to taxpayers. The Postal Service said in February that it planned to switch to five-day-a-week deliveries beginning in August for everything except packages as a way to hold down losses. (MORE: Is the Post Office Breaking the Law by Eliminating Saturday Delivery?) But that announcement was a gamble. The agency essentially was asking Congress to drop from spending legislation the longtime ban on five-day-only delivery. Congress did not do that when it passed a spending measure last month. “By including restrictive language … Congress has prohibited implementation ...
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Fed Reviews Early Release of Minutes
The Fed has notified the SEC and the CFTC of the early release of its March meeting minutes, and has asked its own Inspector General's office to review the incident, amid concern that the mishap could have been used for advantageous trading.
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United States: Board Approves Code Of Conduct Policy - Littler Mendelson
The National Labor Relations Board, Office of the General Counsel, recently issued an Advice Memorandum, finding an employer’s "Code of Conduct" policy did not violate Section 8(a)(1) of the National Labor Relations Act. On the surface, this appeared to be a brief respite in the Board’s trend of finding a myriad of statements, policies, and other handbook provisions unlawful.
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