Feds sue credit firms with Visa MasterCard settlement
The Justice Department sued Visa MasterCard American Express for anticompetitive practices. It reached a proposed settlement with Visa and MasterCard to let merchants offer discounts for certain cards and promote low cost options. American Express resists, arguing the remedy harms competition and merchant negotiations.
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Foreign buyers drive Miami housing bust to international lull
Foreign investors flood Miami sales offices as units at the Viceroy sell fast at roughly half the 2007 peak. Cash purchases by buyers from Argentina, Canada, Colombia, France, Israel, Italy, Norway, and Venezuela fuel a resurgence narrative amid a nationwide housing downturn.
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Toshiba unveils glasses-free 3-D TV for personal use
Toshiba in Tokyo introduces a glasses-free LCD 3-D television using a perpendicular lenticular sheet to project nine focal points. Two sizes 12 and 20 inches target personal use with near viewing distances. prices start around 1400 dollars for the 12 inch model, with the 20 inch price about double. Availability beyond Japan was not announced.
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Toyota rounds up recalls as safety image improves
Toyota says it has repaired most of the 5.6 million U S recalled vehicles amid efforts to restore safety credibility. The company cites aggressive fixes, quality panels, and greater regional autonomy as it tackles a slide in market share and broad world-wide recalls. The report notes orders and real estate data also shifting in August.
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