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Bratz dolls, manufactured by MGA Entertainment, are displayed at a Toys R Us store in Falls Church, Virginia. Mattel, maker of the ever-popular Barbie fashion doll, has won a major legal battle against its chief competition Bratz, after a jury ruled the rival doll had been designed by a Mattel employee in breach of contract with the toy giant.

Barbie wins legal spat with Bratz

AFP - 12 minutes ago

WASHINGTON (AFP) - Mattel, maker of the ever-popular "Barbie" fashion doll, has won a major legal battle against its chief competition "Bratz," after a jury ruled the rival doll had been designed by a Mattel employee in breach of contract with the toy giant. More »

Sony Ericsson cuts 2,000 jobs as earnings plummet
AFP - 16 minutes ago
STOCKHOLM (AFP) - Mobile phone maker Sony Ericsson announced Friday it was cutting 2,000 jobs worldwide after reporting an operating loss in the second quarter due to difficult market conditions and the global economic slowdown. More »
EU seeks unity ahead of WTO trade talks despite tensions
AFP - 25 minutes ago
BRUSSELS (AFP) - EU ministers struggled on Friday to show a united front ahead of vital WTO trade negotiations next week with Ireland and France deeply concerned Europe may have conceded too much on agriculture. More »
Russia renews visa for embattled TNK-BP oil chief: official
AFP - 1 hour 5 minutes ago
MOSCOW (AFP) - Russian authorities on Friday renewed until a visa until July 29 for the head of embattled British-Russian oil firm TNK-BP, a day before he would have been forced to leave Russia, an immigration official said. More »
China loses WTO car parts case against US
AFP - 1 hour 8 minutes ago
GENEVA (AFP) - The World Trade Organisation on Friday said it had ruled against China in a complaint brought by the United States over Chinese import tariffs on car parts. More »
Generic drug king Teva to buy Barr in $7.46bln deal
AFP - 1 hour 53 minutes ago
WASHINGTON (AFP) - Israel's Teva Pharmaceutical Industries Ltd, the world's largest generic drug company, is to buy US rival Barr Pharmaceuticals in a 7.46 billion dollar deal, the companies said Friday. More »
Oil prices in modest rally after dizzying plunge
AFP - Friday, July 18 03:44 pm
LONDON (AFP) - Oil prices rallied slightly on Friday after three days of heavy falls that pulled the market down by 15 dollars on worries over economic growth and slowing demand, traders said. More »
Citigroup loses $2.5 billion, not as bad as feared
AFP - Friday, July 18 03:16 pm
NEW YORK (AFP) - Citigroup Friday posted a 2.495 billion dollar quarterly loss on more hefty real estate write-offs in results not as bad as feared, as markets mulled prospects for an end to the banking sector's woes. More »
Barclays cash call makes Qatar biggest single investor
AFP - Friday, July 18 03:01 pm
LONDON (AFP) - The Gulf state of Qatar became the biggest investor in Barclays on Friday, after the British bank raised 4.5 billion pounds with a share issue. More »