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Former exec of Tiffany & Co. charged with stealing
New York -- Federal authorities have arrested a former Tiffany & Co. executive, charging her with stealing more than $1 million in jewelry and then reselling it for $1.3 million.
According to reports, Ingrid Lederhaas-Okun was arrested at her home in Darien, Conn. She was charged with wire fraud and interstate transportation of stolen property by the FBI, and could face up to 30 years in prison.
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RadioShack debuts new concept store in Manhattan
New York -- RadioShack Corp. unveiled its new concept store, opening a location on the Upper West Side of Manhattan. The store showcases a number of the features that will be part of a new generation of RadioShack stores that will be rolled out in locations throughout the United States and internationally over the next several months. The new concept is part of a wider initiative by new CEO Joseph C. Magnacca, who took the reins in February, to turn around the ailing chain.