Business & Economy
Associated Press/U.S. Customs and Border Protection

U.S. seizes counterfeit shoes worth millions

by Lynde Langdon
Posted 10/10/19, 11:33 am

A cache of fake Nike sneakers could have sold for $2.2 million if they had made it past U.S. customs agents in Los Angeles. Customs and Border Protection announced Wednesday it had seized more than 14,800 pairs of counterfeit special edition and retro design Air Jordan and Air Max shoes. They found the knockoffs in two containers shipped from China and marked as carrying napkins.

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Associated Press/Photo by Steve Helber (file)

Falwell settles Miami real estate suit

by Lynde Langdon & Harvest Prude
Posted 10/09/19, 01:20 pm

Jerry Falwell Jr., the president of Liberty University, reached a settlement in a Miami court case over a business deal that resulted from a friendship with a former hotel pool attendant. As part of the settlement, filed Friday, Falwell will pay an unspecified sum to Gordon Bello, a lawyer who claimed an ownership stake in a South Beach hostel the Falwells purchased in 2013. The hostel is listed as gay-friendly on the website gayweekends.com.

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Associated Press/Photo by Andy Wong (file)

Forever 21 fades with fast-fashion craze

by Rachel Lynn Aldrich
Posted 9/30/19, 11:57 am

Clothing chain Forever 21 said Sunday it would close up to 178 of its U.S. stores and file for Chapter 11 bankruptcy. The Los Angeles company operates about 800 stores globally, including more than 500 in the United States. Forever 21 plans to close most of its locations in Asia and Europe but continue operating in Mexico and Latin America.

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