Hacker pleads guilty
in credit card theft case
A computer hacker who helped orchestrate the theft of tens of millions of credit and debit card numbers from major retailers in one of the largest such thefts in U.S. history pleaded guilty Tuesday in the last of three cases brought by federal prosecutors. Albert Gonzalez, a one-time federal informant from Miami, faces a prison sentence of up to 25 years under the terms of separate plea agreements. He is tentatively scheduled for sentencing in March.Importer to pay $1.25M
to settle lead toy charges
An Illinois firm agreed to pay a $1.25-million settlement for importing and selling Thomas & Friends children's toys that contained lead levels above legal limits and risked sickening children. RC2 Corp. denied that it knowingly violated federal law as alleged by the Consumer Product Safety Commission, the agency said in a statement Monday. The commission charged that RC2 Corp. and a subsidiary knowingly imported and sold Thomas & Friends Wooden Railway toys that had "paints or other surface coatings" containing lead levels above .06 percent by weight. The toys were imported from China.
Indexes off slightly as
markets end six-day gain
The stock market edged lower Tuesday, breaking a six-day advance as reports on home prices and consumer confidence did little to excite buyers. Major indexes rose modestly in the early going but slipped as the dollar strengthened and tugged on commodities prices. The Dow Jones industrial average slipped 1.67 points, or less than 0.1 percent, to 10,545.41. The Standard & Poor's 500 index fell 1.58, or 0.1 percent, to 1,126.20, while the Nasdaq composite index fell 2.68, or 0.1 percent, to 2,288.40.
James Dolan to get second
salary after MSG spinoff
The chief executive of Cablevision Systems will be getting a second salary, bonus and incentive awards after the company spins off its Madison Square Garden operations in next year's first quarter. A regulatory filing last week says James Dolan will become executive chairman of the spun-off company. He will get a $500,000 base salary and a target annual bonus that could go as high as four times his salary. He also will get annual cash and stock awards. For 2010, the awards target is $1.75 million. Dolan's contract with Cablevision, which owns Newsday, was also renewed for five years. He will get a $1.5 million salary, bonuses and other compensation. Madison Square Garden Group includes the famous arena, Radio City Music Hall and the New York Knicks and Rangers.
From wire reports