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Entertainment
A Ticketmaster Entertainment Inc. subsidiary has reached an agreement with the Illinois attorney general after complaints of overly high-priced tickets to Hannah Montana and Bruce Springsteen concerts. The state attorney general's office announced Tuesday that it had discovered TicketsNow operated Web sites with domain names that misled customers to believe it was affiliated with the concerts' event operators. Customers thought they were paying face-value prices but instead were paying higher resale prices. TicketsNow agreed to close such sites and not use ones that practice similar tactics. Also, the resale tickets won't be available until Ticketmaster begins selling face-value tickets.
Associated Press
Investing
A federal judge on Tuesday revoked the bond of Texas financier R. Allen Stanford, ordering he be kept in jail while he awaits trial on charges alleging he swindled investors out of $7 billion.
U.S. District Judge David Hittner issued an order overturning a magistrate judge's decision to allow Stanford to be free on $500,000 bond but be under GPS monitoring and home detention. Stanford has been in custody since being indicted and arrested June 18. “The court determines that Stanford is a serious flight risk and there is no condition or combination of conditions of pretrial release that will reasonably assure his appearance as required for trial,” Hittner wrote in his 13-page order. Associated Press
Theme parks
The Walt Disney Co. and Hong Kong have reached a deal to expand the territory's Disneyland at a cost of about $465 million in hopes of boosting the theme park's fortunes, officials said. The deal will see the American entertainment giant invest new capital to pay construction and operation costs during the building phases. Associated Press
