Tobacco stocks burned by $23.6 billion judgment

CNNMoney: A Florida jury awarded massive punitive damages of $23.6 billion to a smoker's widow who sued Reynolds American Inc., and tobacco stocks fell today in response. The stock price for Reynolds American, parent company of R.J. Reynolds Tobacco Co., fell about 3 percent ahead of the first trading session since the jury award on Friday.

 

Whirlpool wants Congress to ban lawsuits tied to Energy Star program

The New York Times: After government testing showed that scores of consumer products carrying the Energy Star label did not deserve the listing, a wave of class-action lawsuits was filed against the companies that manufacture the products. Now, Whirlpool Corp. wants Congress to ban the lawsuits and is threatening to withdraw from Energy Star, an Environmental Protection Agency program, unless it gets its way.

 

Youth unemployment hits African-Americans hardest

Iowa Public Radio: Although the national unemployment rate has fallen steadily in recent months, youth unemployment remains stubbornly high, and the jobless rate is even higher among young minorities. For young people between the ages of 16 and 24, unemployment is more than twice the national rate, at 14.2 percent. It's 21.4 percent among African-Americans.