Business Law News


Judge vacates $1.26B ruling against PepsiCo
By EMILY FREDRIX AP Food Industry Writer MILWAUKEE (AP) - A judge is tossing out a decision - for now at least - that could have cost PepsiCo $1.26 billion after the soft drink maker didn't respond to a lawsuit claiming it stole the idea for bottled water.

Fla. broker gets 2 months prison in UBS tax probe
By CURT ANDERSON AP Legal Affairs Writer FORT LAUDERDALE, Fla. (AP) - A Florida yacht broker has been sentenced to two months in prison for a tax conviction stemming from the U.S. investigation of secret accounts at Swiss bank UBS AG.

Ex-hedge fund boss charged in stock scam
NEW YORK (AP) - A former hedge fund manager arrested earlier this year has been indicted on federal charges he participated in a $7 million insider trading scam. The indictment against 45-year-old Joseph Contorinis of New York City was announced by federal prosecutors on Friday.

Deja vu: Wal-Mart, Amazon, Target in DVD price war
NEW YORK (AP) - Wal-Mart is upping the ante heading into the holiday season, trimming the online preorder prices of some upcoming DVDs following last month's price cut on books.

China criticizes US over pipe duties
By JOE McDONALD AP Business Writer BEIJING (AP) - China criticized Washington for imposing anti-dumping duties on Chinese-made steel pipes and launched a probe Friday of imported U.S. autos, adding to trade tensions two weeks before President Barack Obama visits Beijing.


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