Nike files patent infringement suit against Adidas
New York: The world's largest shoe company, Nike Inc, has filed a patent infringement suit against competitor Adidas-Salomon AG , saying that several Adidas products infringe upon Nike's patented SHOX cushioning technology.

Nike says that Adidas' products include shoes using Adidas' a3 cushioning system, such as the latter' new Kevin Garnett signature shoe and its Adidas1 footwear.
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Oil prices rise closer to $59
Singapore: Oil prices almost touched $59 on Friday, stemming a two-week slide.

US March crude oil futures rose 43 cents to $58.89 a barrel by 0220 GMT, after gaining 81 cents on Thursday. London April Brent crude climbed 46 cents to $59.25.

US prices have still lost more than 13 per cent this month. Analysts said higher-than-expected inventories in US stocks of petroleum prompted dealers to re-focus on market fundamentals rather than geo-political uncertainties.
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US retail sales rise 2.3 per cent in Jan
Washington: US retails rose 2.3 per cent in January and economists were forced to revised the country's growth forecasts erasing concerns about a looming slowdown in the economy. The end period of 2005 on the other hand saw the slowest quarterly expansion in three years.

Analysts had earlier expected a 0.8 per cent rise in retail sales and the surge prompted them to raise expectations for Q1 GDP growth to a 4 per cent per annum while some even forecast that GDP growth rate could hit 5 per cent or even 6 per cent in the first three months of '06.
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