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/ 18 February 2008

Cheers as Toshiba nears HD DVD surrender

Investors cheered an impending end to a format war for next-generation DVDs on Monday, pushing up shares of both Toshiba, on the verge of abandoning its HD DVD discs, and Sony, the leader of the rival Blu-ray camp. Toshiba shares jumped 5,1% as analysts praised its decision to cut its losses.

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/ 20 November 2007

California sues 20 firms over toxic toys

California on Monday launched a lawsuit against 20 companies, accusing them of manufacturing or selling toys with illegal quantities of lead, a statement said. California attorney general Jerry Brown said the firms — including Mattel and Toys ”R” Us — are being sued for knowingly exposing children to potentially dangerous lead levels.