McDonald's
old hand quits
Los Angeles: US hamburger chain McDonald's Corp.
recently received a jolt when its president and chief
operating officer Mike Roberts, who has been credited
with revitalising its US business, suddenly tendered his
resignation after 29 years with the company.
Ralph
Alvarez, 51, the head of McDonald's North American business,
will step into Robert's shoes immediately the company
said.
Don
Thompson, 43, chief operations officer for McDonald's
USA, was promoted to president of that division.
In
an email to employees Roberts said the decision was his
own.
Roberts
was named to the company's No. 2 job in November 2004
following the resignation of former CEO Charlie Bell,
who later died of cancer.
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Apple
to pay $100 mn to Creative Tech to settle patent cases
San Francisco: Apple Computer Inc. will pay $100
million to Creative Technology to settle all patent litigation
over Apple's popular iPod music player.
The
agreement gives Apple a license to use a Creative patent
in its music player and other products and settles all
legal disputes between the two companies, Apple said.
U.S.-traded
shares of Singapore-based Creative surged 37 percent following
the announcement as Creative said it would start making
iPod accessories, which could raise profits beyond the
85 cents per share the settlement will add this quarter.
Apple
chief executive Steve Jobs said the agreement ends five
lawsuits between the companies and removes the uncertainty
and distraction of prolonged litigation. Creative, which
makes MP3 music players, sued Apple in May this year alleging
the company had infringed a patent on its "Zen"
player. Creative's patent covers the way music tracks
are selected on a device using a hierarchy of three or
more successive screens.
In
June Apple countersued Creative, and the latter took the
case to the U.S. International Trade Commission and sought
a permanent cease-and-desist order against Apple.
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