Business Digest, Sept. 3

Samsung offers new tablet PC

Samsung Electronics Co. has unveiled a new tablet PC named Galaxy Tab, the latest device meant to rival Apple Inc.'s popular iPad. Samsung Europe executive Thomas Richter said Thursday that the device will offer users “a new galaxy of possibilities” with features such as mobile video conferencing and a video chat function.

Report: SEC is probing trade orders

The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to the Wall Street Journal. The SEC is investigating “quote stuffing,” where exceptionally large numbers of orders to buy or sell stocks are placed and canceled almost immediately. It is also reviewing another practice known as “sub-penny pricing,” where orders are priced in increments smaller than a penny, but are far from the price at which the stock is trading.

Google, AOL expand cooperation

AOL says Google will continue to offer search results on its websites under a new 5-year deal the companies signed recently. The agreement largely reinforces an arrangement that has been in place since 2005. But the new contract also expands their cooperation onto AOL mobile sites that appear on cell phones and other gadgets. And it will put AOL video content on Google Inc.'s YouTube video site for the first time.

American Samoa: No plastic bags

American Samoa is making it illegal for stores to hand out plastic bags. Gov. Togiola Tulafono said the law will help preserve the environment. The law's advocates say plastic bags litter the landscape, fill streams and pollute the ocean. They say marine animals can become entangled in the bags, which take 500 to 1,000 years to decompose. The law takes effect Feb. 23.

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