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Logical Next Step: Fake Luxury-Brand Shopping Bags

China is known for making knock-offs, especially fake luxury goods. Counterfeiting in that country apparently has reached a new level. Chinese shoppers, according to China Daily, are now buying fake luxury-brand shopping bags — the paper bags that make people think you've been buying things in the real Louis Vuitton or Chanel store.
NPR

Former WaMu Execs To Settle FDIC Suit

A group of former executives at Washington Mutual has settled a civil lawsuit with the Federal Deposit Insurance Corporation, according to The Wall Street Journal. That move will help pull the bank out of bankruptcy which was file for in September 2008.
NPR

Smartphone Maker Waits For Patent Decision

The world's No. 4 smartphone maker HTC may have to pull most of its phones from the U.S. market. That's because of Apple's ongoing patent battle with the makers of smartphones that use Google's Android operating system. The International Trade Commission is set to rule on the case Wednesday.
NPR

Lowes Hammered For Bowing To Ad Pressure

Calls for a boycott against home improvement giant Lowes have been streaming in. The controversy involves Lowes advertising on the reality TV show All-American Muslim, which follows the daily lives of five Arab-American families in Dearborn, Mich. Lowes pulled its ads after a conservative group complained.
NPR

After Boom Years, Chinese Housing Market Looks Soft

China's real estate market has boomed for years, but now there are signs of a slowdown. It comes as the world's most dynamic economy grapples with other challenges, including huge local government debt and slowing growth.

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