A jury has found the city of Seattle liable for the unlawful arrests of roughly 175 protesters during the 1999 World Trade Organization meeting, which attracted 50,000 activists. The demonstrators in question were arrested while sitting and singing in a “no protest” park.
American Apparel’s controversial founder has sold the clothing company to an investment firm for $382.5 million. The company made a name for itself by manufacturing guilt-free clothes in downtown Los Angeles, where it pays workers double the minimum wage and offers them healthcare, free meals and English lessons.
The retail giant has met its match in the Japanese consumer: Seiyu, Wal-Mart’s Japanese division, has posted $465 million in losses for the first half of 2006. It’s not looking good overseas for the shopping mecca?German and South Korean divisions were shut down earlier this year after poor performance.