An Alabama court dismissed a suit against Infosys (NASDAQ:INFY) by a former employee that claimed harassment at the hands of the company after he pointed out an alleged misuse of short-term U.S. work visas. Shares of Infosys rise, though another case and an investigation into its visa use are still pending.
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The Amazon Glacier service is a new cloud-based system by Amazon (NASDAQ:AMZN) that archives critical data, such as financial and healthcare records, that do not need to be accessed frequently.
Rising labor and material costs in China, a major production base, lead Nike (NYSE:NKE) to plan price hikes on its shoes. Consumer acceptance of new prices will be known after the fall launch of the Lebron X at $315.
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