MID-DAY UPDATE: Chevron’s $9 billion fine; NYSE merges with Deutsche Boerse; daily deal overdose
An Ecuadorean judge has fined American oil company Chevron for more than $9 billion in a case that has spanned a decade. The lawsuit began in 1990s, when villagers in northern Ecuador sued Texaco for decades of drilling they claimed made them sick, and ruined their land and water. After Chevron purchased Texaco in 2001, the case remained unresolved.
The New York Stock Exchange has agreed to a merger with Germany’s Deutsche Boerse. The organizations have agreed to dual headquarters in Frankfurt and New York. The merger will create the world’s largest exchange for stocks and bonds.
California-based Apple has released its 2010 “Apple Supplier Responsibility” report. Apple is trying to clear up accusations of labor issues and violations from its suppliers — including underage workers, employee suicides and exposure to toxic chemicals.
Last week Nokia announced a partnership with Microsoft for its new smartphone. But now, a report from Reuters says the alliance may cost Finland more than 5,000 jobs in research and development.
Finally — Is your inbox over-flowing with e-coupon offers? Are you experiencing daily deal malaise? With email coupons getting more specific and more abundant, are daily deals attracting niche markets, or turning off customers?
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