Mattel Loses Bratz Copyright Suit in Major Ruling
A federal jury in Santa Ana awarded MGA Entertainment more than 88 million dollars in damages for misappropriation of trade secrets. The verdict found Mattel acted willfully and could yield treble damages on punitive claims. MGA CEO Isaac Larian hailed the decision as a message to big players to stop bullying small entrepreneurs.
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Santa Ana
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Mattel Inc
MGA Entertainment Inc
Barbie
Mattel
MGA
Jennifer Keller
Isaac Larian
Larian
Bratz
US rig count rises by 28 to 1800 this week
Baker Hughes reports 1800 active rigs in the United States, up from 1482 a year earlier. Houston based firm lists 913 oil rigs and 878 gas rigs with nine miscellaneous. Texas adds 22 rigs, Oklahoma four, others small gains and losses across states. The 1981 peak was 4530 rigs.
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Baker Hughes Inc
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Oklahoma
Pennsylvania
Wyoming
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Arkansas
Louisiana
New Mexico
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Colorado
West Virginia
Southwest narrows loss to profit as AirTran deal nears
Southwest Airlines reports first quarter earnings of 5 million or one cent a share amid $1.1 billion fuel costs, while revenue climbs 18 percent to 3.1 billion. The carrier expects to close its 1.4 billion AirTran purchase on May 2, expanding its fleet and market reach. regulators are reviewing the merger with no clear block or conditions indicated.
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Dallas
Southwest Airlines Co
Southwest
AirTran Airways
Gary Kelly
Justice Department
Mat
Ter
Wall Street
U.S
NRG to write down Texas nuclear costs
NRG Energy will write down its 481 million investment in two planned South Texas nuclear reactors. CEO David Crane said the projects likely cannot be finished timely. The Japan crisis hurts U.S. nuclear support, with TEPCO named as a partner in one project.
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New York
Japan
NRG Energy
South
Texas
David Crane
U.S
Associated Press
Gfk
NRG
TEPCO
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