A federal appeals court in New York has ruled the red soles of Christian Louboutin shoes are entitled to trademark protection. The glossy-soled shoes have been seen on movie stars like Sarah Jessica Parker. The ruling bars competitors from using red soles.
It's a mobile gadget lover's dream week. Nokia, Microsoft and Google's Motorola introduce new smartphones. Amazon will show off a new Kindle. And all these companies are positioning themselves in advance of Apple's new iPhone 5, which comes out next week.
Shipping companies report the volume of container shipments from Asia to the United States is rising. So are their rates. The world's largest freight line says thanks to high demand; it's boosting its trans-Pacific price by $500 per 40-foot container.
Investors around the world will be watching nervously to see what the head of the bank says about interest rates. Mario Draghi was recently quoted as saying he would do whatever it takes to keep Europe's debt crisis from growing. And that could mean using central bank resources to help lower the cost of borrowing from some of Europe's weaker economies.
Thursday was supposed to mark the end of medical marijuana dispensaries in Los Angeles. But a petition drive and legal challenges have stymied the city in its effort to shut down the hundreds of pot shops within its borders.
As Democrats gather for their national convention in Charlotte, N.C., troubled homeowners have also converged on the city. They have come to voice their dissatisfaction with how the Obama administration and the nation's big banks have handled the foreclosure crisis.
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