It's a legal battle that goes back 17 years. Residents of the Ecuadorean Amazon sued Texaco for pollution damages. When Chevron bought Texaco in 2001, the case remained unresolved. And now an Ecuadorean judge has fined the American oil company over $9 billion, and both sides are prepared to fight.
The Commerce Department this morning reported retails sales rose 0.3 percent in January. Sales have increased for seven consecutive months. Jeremy Hobson speaks with Juli Niemann, Analyst at Smith Moore and Company, about what this means for the U.S. economy.
The parent company for the New York Stock Exchange has agreed to a merger with Germany's Deutsche Borse, pending regulatory approval. The deal will create the largest exchange for stocks and derivatives in the world. Heidi Moore explains.
Last week, Finnish cell phone maker Nokia announced a partnership with Microsoft on its new smart phone. But according to a report from Reuters, the alliance could cost most than 5,000 Finnish research and development jobs.
An Ecuadorean judge has fined oil corporation Chevron more than $9 billion in a case that's spanned over a decade. The judge ruled that the company is responsible for the pollution of forest and rivers in northern Ecuador. Eve Troeh has more.