- Cape businessman known for starting NARS dies at 49 (2/23/17)9
- Apparent punch at girls basketball game propels lawmaker into action (2/21/17)4
- Business notebook: Owners ready to roll out the Barrel 131 (2/20/17)6
- Japanese restaurant up and running; owner surprised by fondness of sushi here (2/24/17)
- SoutheastHEALTH, Washington University School of Medicine announce collaboration (2/24/17)18
- Missouri bill would limit transgender school bathroom access (2/22/17)48
- MSHP: McLendon shot in side; autopsy refutes witness account (2/19/17)23
- Annual father-daughter dance provides some fun bonding time (2/19/17)1
- City issues precautionary boil order near Arena Park (2/23/17)
- $22M bond issue would alter Jackson schools (2/22/17)13
Business digest 10/14/05
Chip maker Samsung to pay $300 million fine
WASHINGTON -- Samsung, the world's largest maker of memory chips for computers and other gadgets, will pay a $300 million fine to settle accusations it secretly conspired with industry rivals to fix prices and cheat customers, federal officials said Thursday. Samsung's guilty plea to a felony price-fixing charge caps a three-year investigation by the Justice Department into makers of the chips, a $7.7 billion market in the United States. Two of Samsung's leading rivals earlier paid fines totaling $345 million.
AFl-CIO chief calls for challenge to China
WASHINGTON -- America's largest labor federation is urging the U.S. government to challenge more strongly what it calls China's unfair manipulation of its exchange rate to gain trade advantages over U.S. business. Richard Trumka, secretary-treasurer of the AFL-CIO, said Thursday that American manufacturing workers are suffering because of China's illegal subsidies to businesses, manipulation of its currency and violation of its workers' rights. Officials with the Treasury Department did not respond to requests for comment.
-- From wire reports