Jul 7, 2018

USPS owes sculptor $3.5 million for stamp mix-up

Photo: Angela Weiss/AFP/Getty Images

The U.S. Postal Service owes a Las Vegas sculptor $3.5 million after accidentally printing Las Vegas' Statue of Liberty replica in 2011 instead of the original New York Statue on a stamp, CBS News reports.

The details: The sculptor, Robert Davidson, sued USPS years ago for using the replica which he created. USPS used the stamp for three months before realizing it was the wrong image, CBS reports, and Federal Judge Eric Bruggink ordered that Davidson be paid $3.5 million out of the $70 million that the agency made.

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Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,251 people and infected almost 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

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Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.