Overstock.com announced the search engine penalty enforced on it by Google in late February has been lifted. "We understand Google's position and we have made changes to remain clearly within their guidelines," said Overstock.com CEO Patrick Byrne.
Legal
Wegmans Food Markets has agreed to settle the trademark infringement lawsuit Walgreens filed against the supermarket chain over its use of a logo similar to the one used by the drug store company.
The verdict in the retrial over who owns the rights to the billion-dollar Bratz franchise means Mattel Inc. will owe MGA Entertainment Inc. millions of dollars. The outcome is a major turnabout from the 2008 trial, in which Mattel was awarded $100 million.
American Apparel, the Los Angeles clothier at risk of running out of money, has received board approval to raise at least $15 million from a group of private investors, said four people familiar with the process.
Clothing maker Jones Group is one of three potential buyers for upscale shoe and handbag maker Jimmy Choo. Jones Chief Executive Wesley Card told Reuters in February that his company was looking to buy brands that would help extend Jones' reach, particularly into overseas markets.
American Apparel is racing to secure $10 million in rescue financing to stave off bankruptcy. According to a report, the T-shirt retailer has held talks with an individual investor who's expressed interest in providing money in the form of equity. The company hopes to secure financing by this week.
A Montgomery County jury ordered Nordstrom to pay nearly $1.6 million to two women stabbed inside its Bethesda, Md. store six years ago, concluding that the retailer didn't adequately warn shoppers that a woman armed with four butcher knives was on the loose, attorneys said.
CVS Caremark has agreed to pay $17.5 million to resolve claims that it overbilled Medicaid, the Justice Department said. CVS ran into trouble with Medicaid programs in 10 states when it overbilled the government for prescription drugs, according to the Justice Department.
Dov Charney, the 41 year-old CEO of American Apparel, a company whose brand is built on providing fashionable clothing manufactured in a “sweatshop free” environment, is once again being sued for sexual harassment. With five women making sexual harassment complaints last month against the CEO, the company image is slowly becoming an ironic representation of exploitation.
The U.S. Equal Employment Opportunity Commission disclosed that the Sam’s Club warehouse division of Wal-Mart will pay $440,000 and other relief to settle a harassment lawsuit filed by the EEOC. The agency disclosed the settlement in a statement on its website.