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And Cotton On has received a record fine for selling extremely flammable children's pyjamas1. The clothing company will be forced to pay one million dollars.
The Federal Court ruled that it breached2 the the Trade Practices Act by selling pyjamas that simply did not meet Australian standards. Cotton On has recalled those products which were sold between September and December, 2010.
The US court has refused a request by Apple to ban the sale of some smart phones made by its rival Samsung. Earlier this year, Apple was awarded damages after a jury found Samsung has found Samsung had copied key features of Apple products.
But the latest ruling has found the company's patents cover only a small part of the features used by Samsung. The judge said there wasn't enough evidence the infringements have hurt Apple sales in the United States.
To the overseas markets now.
And stocks have rallied in the United States for the second day in a row. The Dow is trading 93 points up. The Nasdaq is up 40 and S&P 500 is up 13. And in London overnight, the FTSE closed 24 points up.
To commodity prices.
West Texas Crude is trading at 87 dollars a barrel. Tapis Crude is trading at 115 US dollars a barrel. And gold is worth 1672 US dollars an ounce.
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1 pyjamas | |
n.(宽大的)睡衣裤 | |
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2 breached | |
攻破( breach的现在分词 ); 破坏,违反 | |
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3 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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