Skechers has agreed to pay $40 million to settle claims that it deceived its customers by saying its Shape-ups shoes would help people who wore them shed pounds and tone their abs, buttocks and legs, the Federal Trade Commission said.
Ford Motor Company is making tens of thousands of white-collar retirees decide whether they want to keep getting their pension in monthly installments, or get a lump sum payout. Ford sees the unprecedented move as a way to reduce the company's liabilities.
Greece will hold new elections next month after leaders failed to form a government this week. The political uncertainty has raised fears that the heavily indebted country will be forced to exit the eurozone.
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