Bobby Rio

A man who posed as a music industry insider has been arrested on suspicion of bilking a retired teacher from Inglewood out of thousands of dollars while promising him a career in the limelight, police said Tuesday. Read More

Bemis Co. (BMS) said it is trying to ease the U.S. Department of Justice's regulatory concerns about its still-pending $1.2 billion acquisition of the food operations of Anglo-Australian mining company Rio Tinto PLC (RTP, RIO.LN). Bemis said its discussions with the government "include remedies which management believes would resolve the concerns expressed" by the Justice Department about the transaction. Read More