Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Callaway Golf, Acushnet Settle Patent Disputes

RELATED NEWS
Trade ELY now with 

Callaway Golf Co. (ELY: Quote) and Acushnet Co. said Friday that they have reached a settlement of all pending litigation and disputes, including disputes beyond the golf ball suits between the parties.

No money changed hands, but under the terms of the agreement, each company will have specified rights to make ball and club products under patents owned by the other.

Details of the settlement are confidential.

Click here to receive FREE breaking news email alerts for Callaway Golf Co. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its second quarter profit rose 23% from last year, helped by higher revenue and improved gross margin. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. Citing extreme fluctuation of the ruble, Apple Inc. (AAPL) has reportedly discontinued its online sales of products in Russia. Despite efforts of the Russian central bank, the ruble has been spiraling downward, with oil prices plunging to historic levels. The ruble shed around 19 percent on Wednesday.... General Motors said it has halted the delivery of cars to dealerships in Russia as it strives to overcome the business risks stemming from the collapse of the ruble.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.