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SAN FRANCISCO (AP) — Apple gave the new iPad a bunch of new features but no new name.

When it goes on sale next week in the U.S. and several other countries, it will be “the iPad” or perhaps “the new iPad” – not “iPad 3″ or “iPad HD,” as some had speculated.

The lack of a new name could cause confusion for buyers, particularly since the older model, the “iPad 2,” will still be sold. But the naming practice is consistent with Apple’s practices for the iPod. New models were simply called “iPod,” and consumers were left to figure out which generation of the product they were looking for.

The new iPad revealed Wednesday has, as expected, a sharper screen, driven by a faster processing chip that acts as the “brains” of the device. What was more surprising was that the new features mean the tablet computer will be slightly thicker and heavier than the iPad 2, because it needs a larger battery to power the high-resolution screen.

The battery life remains the same: about 10 hours of use.

Prices aren’t changing from the previous models.

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The Ritz-Carlton Kapalua    Ritz-Carlton Kapalua Latest from The Business Journals Follow this company on Maui is among Lehman Bros.’ holdings that will be sold later this year as the investment house’s 2008 bankruptcy finally draws to an end.

The Honolulu Star-Advertiser is reporting that the Maui resort is part of the collection of assets that will be sold starting in April to satisfy creditors in Lehman Bros.’ $639 billion bankruptcy, which remains the largest in U.S. history.

Collectively, the 404-room Maui resort and other property holdings are expected to raise about $35 billion once they are sold.

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ELECTRICITY-generating companies can include the cost of the new carbon tax in their wholesale prices, the Supreme Court ruled. The court yesterday quashed a decision of the Commission for Energy Regulation.

Merkel’s coalition to reject EU fund plans

EURO CRISIS

Lawmakers from German Chancellor Angela Merkel’s governing coalition intend to pass a resolution rejecting an expansion of Europe’s permanent financial rescue fund, German financial newspaper ‘Handelsblatt’ said. Coalition lawmakers plan to pass the resolution in the lower house next week.

Bank of Scotland’s orders granted

COURTS

A HIgh Court judge ruled Bank of Scotland is entitled to judgment orders ranging from €517,412 to €7.9m arising from the purchase of the Bank of Ireland headquarters in Dublin. The orders are against businessman Patrick Shovlin, hotelier brothers Anthony and Patrick Fitzpatrick, and a number of others, arising from the €180m purchase of the Baggot Street building.

ManageCO2 secures Seed Fund money

INVESTMENT

Limerick-based environmental software firm ManageCO2 has secured a €600,000 investment from the AIB Seed Capital Fund. ManageC

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Swisslog, a leading provider of automated materials transport and medication management solutions for hospitals, today announced that Webster County Community Hospital in Red Cloud, Neb., has purchased MedRover™ mobile dispensing cabinets. The order is the first for Swisslog’s innovative new medication management solution in the critical-access healthcare market.

MedRover is a mobile dispensing cabinet that offers stationary cabinet-level security with the mobility of a cart, enabling nurses to securely store and administer medications, including narcotics, at the patient bedside. MedRover is the only mobile medication dispensing solution of its kind.

Bedside verification initiatives prompted the hospital to look for an affordable and safe solution that would let nurses verify patient identification and medication prior to administration at the bedside. The MedRovers will interface with the hospital’s information system to provide complete electronic records of all medication administration events.

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By affirming yesterday that a West Des Moines CPA had to pay FICA taxes on about $91,000 of his earnings from his professional S corporation — instead of the $24,000 he put on his W-2 — the Eighth Circuit helped make the first marks in the big unmapped area of how much compensation S corporations must pay their employee owners.

Income reported on an S corporation K-1 isn’t subject to FICA and Medicare taxes. This tempts S corporation owner-employees to skip the W-2 and take out all of their earnings as S corporation distributions. The IRS naturally doesn’t like that, and they have been successful for some time in attacking S corporations paying zero salary.

The case decided yesterday made a bold challenge to the IRS position. Rather than taking a zero salary, the S corporation shareholder took a $24,000 salary, with the rest of his $200,000 or so earnings from his practice coming out as S corporation distributions. This avoided the 12.4% combined FICA tax and the 2.9% Medicare tax on the difference.

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SAN FRANCISCO — Josh Buckley, chief executive of an online gaming startup, is looking forward to next month’s Game Developers Conference in San Francisco, particularly for the parties and the accompanying schmoozing with industry A-listers.

There’s one problem: Buckley, who will turn 20 this week, may be turned away from many of the parties because he is not old enough to drink. His fake ID was recently confiscated, and the two new ones he ordered from a company in China have not yet arrived.

Such are the dilemmas facing the ever-younger entrepreneurs that Silicon Valley investors are backing these days.

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