Business

The Raisin Outlaw Of Kerman, Calif.

In most industries, competitors getting together and conspiring to control supply of a product is illegal. But in the raisin world, the law actually says competitors have to work together. It's going against your competitors that can get you in trouble.

UBS To Pay $120 Million In Lehman Brothers Dispute

Swiss banking giant UBS has agreed to pay $120 million to settle a lawsuit by investors. The case goes back to 2007. Investors said they were misled about the health of the financial firm Lehman Brothers when UBS was selling them investments linked to Lehman's debt. Lehman collapsed into bankruptcy in 2008.