FTC Sues Amazon Over Unauthorized In App Purchases
The FTC filed a federal lawsuit against Amazon claiming it failed to adequately stop children from making unauthorized in app charges on Kindle games. It cites prior password changes and includes a case of a child running up 358.42 dollars. The suit seeks refunds and a ban on post consent billing for in app charges.
MENTIONED IN THIS ARTICLE
New York
Federal Trade Commission
Amazon
FTC
Consumer Protection
Jessica Rich
App
UAW Reaches Consensus With VW on Union Recognition
UAW leaders say a consensus with Volkswagen could lead to recognition if enough workers join a new Tennessee Local 42 at its assembly plant. After a Chattanooga plant vote setback in February, the union avoids another election and will not collect dues until a collective bargaining agreement is reached.
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Nashville
Tenn
United Auto Workers
Volkswagen
Tennessee
South
Chattanooga
UAW
Gary Casteel
Portugal Faces Fresh Market Tension Linked to Espirito Santo
Stocks and bonds slid in Europe and the United States as concerns about Espirito Santo International resurfaced. Moody's downgraded Espirito Santo Financial Group while Portugal's government defended Banco Espirito Santo, saying the bank remains solid. Investors fretted over debt risks and potential spillover to other firms amid IMF cautions about pockets of vulnerability.
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New York
U.S
Espirito Santo International
Portugal
Banco Espirito Santo
Europe
U S
European banking scare triggers stock selloff in US markets
European debt fears centered on Espirito Santo International spooked investors, sending U S stocks lower at the open before partial recovery. The Dow fell 70.54 points to 16915.07 while the S and P 500 and Nasdaq declined 0.4 and 0.5 percent as traders sought safe havens in bonds and gold.
MENTIONED IN THIS ARTICLE
Espirito Santo International
Espirito Santo Financial Group S.A
Banco Espirito Santo
Moody’s
Europe
Portugal
Espirito Santo Group
U.S
Dow
Standard & Poor
Chris Beauchamp
Ryan Larson
BBC Global Asset Management
Greece
Ireland
Wall Street
Larson
Erik Davidson
Wells Fargo Private Bank
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