Say you buy a CD and play it on your computer. Later you find out that it secretly installed software allowing the record company to track your listening habits. Or left your computer open to hackers and viruses. It's what happened to people who bought certain Sony BMG CDs. And as you can imagine, they sued. Now the two sides have reached a settlement. From WLRN in Miami, Dan Grech reports.
It's a big week for white collar plea bargains. In addition to Enron's Richard Causey, Qwest Communications executive Marc Weisberg agreed to plead guilty and help prosecutors nail his former boss, Joseph Nacchio, for insider trading. Plea bargaining is more common than you might realize. From WLRN in Miami, Dan Grech reports.
Mississippi has opened its first land-based Casino. As Dan Grech reports, it won't be its last.
After two years, Enron's chief accountant appears to have flipped. Richard Causey is expected to plead guilty later today in Houston as part of a deal with prosecutors. He's the 16th Enron employee to cooperate with the government, and by far the most important. From WLRN in Miami, Dan Grech reports.
You may not know that 7-Eleven is owned by a Japanese conglomerate, 7&I Holdings. Well, 7&I is expanding. Yesterday it bought a chain of upscale department stores in Japan for $1.1 billion dollars, making it the world's fifth largest retailer. That has WalMart, the world's largest retailer, sweating. That's because WalMart's had a heck of a time moving in on Japan. From WLRN in Miami, Dan Grech reports.
Most states are losing a ton of money in tobacco taxes...A billion dollars a year total. That's because a lot of cigarettes are smuggled in and don't get taxed. California's been the biggest loser in this deal, but the state may have found a solution. Marketplace's Dan Grech explains.
Also today, the fifth-biggest retail company in the world just formed in Asia. The massive Japanese conglomerate that owns 7-Eleven stores spent $1.1 billion to buy Millennium Retailing, and the move could shake up how the Japanese shop. Marketplace's Dan Grech has more.
Just in time for Christmas, America's biggest employer got a lump of coal. A California jury said that Wal-Mart owes employees $172 million for not letting them take lunch breaks. Wal-Mart promises to appeal. But their troubles may just be starting. From WLRN in Miami, Marketplace's Dan Grech reports.
Albertson's was supposed to be sold off in pieces today, but an eleventh hour decision by the company's board of directors put off the sale. Dan Grech reports.