It's not often that one of the world's biggest companies says, "We goofed."
But in a surprising turn of events Friday, Apple admitted it made a mistake in pulling out of an environmental rating system for computers and other electronics. The company said it would rejoin the so-called EPEAT certification system, placing all 39 of its originally certified products back on the list. The company is also requesting certification for more products, including its new MacBook Pro model.
Visa and Mastercard have announced that they will pay retailers more than $6 billion to settle several class-action and individual lawsuits retailers have filed since 2005.
According to a Wall Street Journal story from earlier this month, the settlement stems from complaints that Visa and MasterCard, the largest card-payments networks in the world, prohibited retailers from imposing surcharges to customers using those credit cards.
As the financial crisis began to unfold in 2007, the New York Federal Reserve learned that some banks might have intentionally underestimated the rates they expected to pay for loans from other banks.
Documents the New York Fed released Friday, in response to a request from Congress, show that the banking regulator began to be concerned about the accuracy of LIBOR — or the London Interbank Offered Rate — late in 2007.
Recognized by pretty much everyone as the world’s most renowned Dobro player, Flux is back with a new one that includes Eric Clapton, Mumford & Sons, Paul Simon, Sam Bush, and his bandmates from Union Station. "Traveler" also features Douglas' lead vocal debut! Tune in as we feature it throughout the Thursday evening mix.
On 11/22/81, The Stones were in Chicago in the midst of a mammoth U.S. tour, when Mick Jagger, Ron Wood, Keith Richards and Ian Stewart stopped by Muddy Waters' own club to check out one of their biggest inspirations. Fortunately, Muddy called them on stage to jam, along with Buddy Guy and Junior Wells, and also fortunately, it was recorded. A cleaned up DVD/CD of this great union has been released this week.