China considers same tax rate for domestic, overseas firms (AFP)
AFP - Chinese lawmakers have mulled a draft law that would impose a 25 percent income tax on both domestic and foreign firms, eliminating the preferential rate for overseas companies, according to state media.
Nike sues Wal-Mart, alleges patent infringement (Reuters)
2008.10.1612 minutes ago
NEW YORK (Reuters) - Nike Inc (NKE.N) has sued Wal-Mart Stores Inc (WMT.N), saying the world's largest retailer is selling athletic shoes that infringe on its design patents.
In a complaint filed on Monday, Nike claims Wal-Mart is selling shoes that infringe on its Shox line, which is designed with what looks like springs in the heels.
"Wal-Mart knowingly and intentionally sold and continues to sell the infringing Shoes as simulations of Nike shoes," the Nike complaint states.
Nike is seeking an order to bar Wal-Mart from selling items that infringe on its patents and "damages adequate to compensate Nike for the patent infringement that has occurred."
Wal-Mart could not be reached for an immediate comment.
The complaint was filed in the U.S. District Court for the Northern District of Illinois, Eastern Division.
(Reporting by Nicole Maestri; Editing by Lisa Von Ahn)
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