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GoDaddy prevails in lawsuit over Oscar trademarks

In a 129-page decision on Thursday, U.S. District Judge Andre Birotte in Los Angeles said the Academy failed to show that GoDaddy acted in bad faith by letting customers purchase 293 domain names such as academyawards.net, oscarsredcarpet.com, billycrystal2012oscars.com and theoscargoestothehangover.com. The Academy sued GoDaddy in 2010, accusing the Scottsdale, Arizona-based company of letting customers “park” their pages on the Internet and share in revenue collected from advertising on those pages.

Wall St. climbs, S&P 500 posts best week since July

Energy shares dropped after Goldman Sachs cut its oil price forecast through next year. Eight of the 10 S&P 500 sectors closed higher, led by gains in utilities (.SPLRCU), which tend to rise as bond yields fall. Investors are awaiting next week’s Federal Reserve meeting and news on whether it will raise rates for the first time in almost a decade.