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Callaway Golf, Acushnet Settle Patent Disputes

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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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Stocks are likely to jump sharply at the start of trading on Friday, extending the upward move seen over the course of the previous session. The major index futures are currently pointing to a substantially higher open for the markets, with the Dow futures up by 169 points. Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday. Russia's central bank lifted its key rate sharply by a bigger-than-expected 150 basis points to counteract the slide in ruble and rising inflation. The Bank of Russia decided on Friday to raise its key rate to 9.50 percent from 8 percent. The bank was expected to hike its rate by 50 basis points. This was the fourth interest rate increase this year.
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