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I-Team Investigation: In A Bind

Updated: Friday, November 1, 2013 |
I-Team Investigation: In A Bind story image
MARSHALL, Mich. (NEWSCHANNEL 3) - Over the last few months, the Newschannel 3 I-Team worked on behalf of dozens of authors who say they lost money or lost services from the now-defunct book publisher 2 Moon Press.

Many authors asked us to investigate what happened to the company.  The company shut down earlier this year and many of the authors we are profiling in this story say they paid for books they never received.  The leaders at the company purchased billboards across West Michigan, advertising that they were "Michigan's most trusted publisher."

In police reports we obtained through the Freedom of Information Act, people in 26 cities in Michigan and in 10 states across the country reported to the Marshall Police Department they didn't get what they were promised from the folks who were running 2 Moon Press.

The police officers in Marshall say they've never handled a case of this magnitude.

"Some people feel duped and others were angry and upset," Marshall Deputy Chief of Police Scott McDonald said.

After our 2-month long investigation, we can tell you it wasn't easy to get answers to try to find out what happened.

Check out the story above to see our full investigation, find out why the Calhoun County Prosecutor is now vigorously looking at this case, and see how we had a camera destroyed as we sought answers.
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Business News

Last Update on July 06, 2015 07:34 GMT

ECONOMY-THE DAY AHEAD

WASHINGTON (AP) --There are no government economic reports scheduled for release today but the Institute for Supply Management will put out its June service sector index.

Tomorrow, the Commerce Department will report international trade data for May and the Labor Department will release its job openings and labor turnover survey for May.

Also on Tuesday, the Federal Reserve will release consumer credit data for May.

GREECE-BAILOUT

ATHENS (AP) -- Greece's finance minister has resigned following Sunday's referendum in which the majority of voters said "no" to more austerity measures in exchange for another financial bailout.

Finance Minister Yanis Varoufakis says he was told shortly after the Greek referendum result that the some eurozone finance ministers and Greece's other creditors would prefer he not attend the ministers' meetings.

Varoufakis has visibly annoyed many of the eurozone's finance ministers during Greece's debt negotiations.

CHINESE STOCK MARKET RESCUE

NEW YORK (AP) -- China has reportedly decided to bar new public offerings of stock and will create a fund to stabilize its stock market, which has been roiled by a wave of selloffs..

Twenty one Chinese securities companies, in a statement released Saturday, said they would pledge no less than 120 billion yuan ($19.33 billion) to invest in Chinese stocks. The securities companies also said they would continue to invest in the market as long the Shanghai Composite index remains below 4,500. It closed at 3,686 on Friday.

Chinese regulators have also decided to suspend new Chinese initial public offerings, according to The Wall Street Journal.

The Chinese market has been in free-fall for three weeks, losing 28 percent of its value. Despite the plunge, the market is up 79 percent in the last year.

GERMANY-ECONOMY

BERLIN (AP) -- German factory orders dipped in May as orders from other countries in the eurozone slipped back following a large gain the previous month.

The Economy Ministry says orders in Europe's biggest economy were down 0.2 percent compared with the previous month. In April, orders rose 2.2 percent -- a figure that was revised up sharply from the initial reading of 1.4 percent because of late reporting.

The ministry says bulk orders were below average in May. The overall fall was led by a 1.5 percent drop in orders from other countries in the 19-nation eurozone, which had surged 7 percent in April.

Demand from inside Germany was off 0.6 percent while orders from outside the eurozone climbed 1.2 percent.

STELLA & CHEWY'S-RECALL

Pet food maker Stella & Chewy's recalls some products

NEW YORK (AP) -- Pet food maker Stella & Chewy's is recalling some of its products because a routine test found Listeria in a sample of its chicken freeze-dried dinner patties for dogs.

Listeria can cause serious illness and even death in children, the frail and the elderly. Healthy people may suffer flu-like symptoms, such as high fever, headache, nausea and diarrhea.

The Milwaukee-based company said there have been no reported pet or human illnesses.

A complete list of recalled products can be found at: http://www.stellaandchewys.com/stella-chewys-recall-notice/

Consumers can look at the lot numbers and UPC codes on their pet food to determine if their pet food is part of the recall. If they do have pet food that is part of the recall they can return it to the place of purchase for a full refund or should dispose of it.

GOODBYE TRADING PITS

No more `roar' as famed trading pits come to an end

In those pits, traders yelled and shoved and flashed hand signals, just as they did in the movie "Trading Places."

But faster, cheaper and not nearly as noisy computers have taken over.

BOX OFFICE

NEW YORK (AP) -- "Magic Mike XXL" and "Terminator Genisys" both fizzled over the July 4th weekend, leaving the popular holdovers "Jurassic World" and "Inside Out" to top the holiday box office.

Despite the release of the anticipated sequels, the rule of "Jurassic World" continued with an estimated $30.9 million in its fourth week of release. Pixar's "Inside Out," though, virtually tied it with $30.1 million in its third week. Final figures will be released Monday.

"Terminator Genisys," the fifth entry in the sci-fi series, opened in third with $28.7 million over the weekend and $44.2 million since opening Wednesday.

The male-stripper sequel "Magic Mike XXL," starring Channing Tatum, came in fourth with just $12 million on the weekend. Over five days of release, it made $27.1 million.

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