News Wrap: GlaxoSmithKline to Pay $3 Billion in Settlement

Aired: 7/2/2012 | 0:03:27 | Clip
In other news Monday, drug company GlaxoSmithKline accepted a settlement to plead guilty to charges it promoted drugs for unapproved purposes, and pay $3 billion in penalties. Also, Apple has paid $60 million to settle a dispute in China over who owns the iPad name.

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