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Business News Archive - June 10, 2006

Italian fashion group Fendi S.R.L. sued Wal-Mart Stores in U.S. federal court on Friday, accusing the world's largest retailer of selling counterfeit handbags and passing them off as genuine at its Sam's Club warehouse stores.

By Christina Hoag, The Miami Herald Jun. 10--Veronica Milchorena gave Evelyn Bryon's leg a reassuring pat. "Everything will be fine," she told the quinceanera, who looked more like she was failing the FCAT than having her hair elaborately styled for her 15th-birthday ball.

By Kelli Phillips, Contra Costa Times, Walnut Creek, Calif. Jun. 10--The Gateway to Yosemite isn't closed, there's just a detour.

Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.