Money Minute: NFL, MLB Back Networks' Aereo Lawsuit; Walmart Workers Win One


A legal battle may make it harder to watch your favorite sports teams.

TV on the Internet (In this Thursday, Dec. 20, 2012, photo, Chet Kanojia, founder and CEO of Aereo, Inc., stands next to a serve
Bebeto Matthews/APAereo founder and CEO Chet Kanojia stands next to a server array of antennas as he holds an antenna between his fingers.
Forget about seeing your pro football or baseball teams on free, over-the-air television networks. That's the warning from the National Football League and Major League Baseball. They filed Supreme Court briefs to support ABC (DIS), CBS (CBS), NBC (CMCSA) (CMCSK) and Fox (FOX) (FOXA) in their battle with Aereo. That company allows subscribers to stream or record live broadcasts, without the consent of the broadcasters. The pro sports leagues say they could be forced to air their games only on cable channels, if Aereo isn't shut down.

The Dow Jones industrial average (^DJI) topped 16,000 for first time Monday, before retreating near the close. It's not unusual for the market to test milestone levels and then slip back. The Dow ended 14 points higher at 15,976, but the Standard & Poor's 500 index (^GPSC) fell 6 and the Nasdaq composite index (^IXIC) lost 37 points.

Score one for workers at Walmart (WMT). The National Labor Relations Board is supporting their charge that the retailer illegally blocked their right to strike and protest. The workers claim the company threatened to fire or discipline them for taking part in the protests.

Apple (AAPL) will have another chance to convince a court to bar rival smartphone maker Samsung from being able to sell certain phones and tablets in the U.S. A federal appeals court said a lower court judge needs to reconsider her ruling in a patent infringement case.

Shares of the luxury carmaker Tesla Motors (TSLA) slid nearly 14 points Monday and have now lost 36 percent in just six weeks. You can see on this chart the big run-up over the past year, before moving into reverse at the end of September. Federal regulators have opened a safety investigation following two battery-related fires.

And this is a big week for retailers. Home Depot (HD) earnings jumped 43 percent and the company raised its forecast for the full year. Best Buy (BBY), Dick's Sporting Goods (DKS) and TJX Cos. (TJX) also report Tuesday morning.

-Produced by Drew Trachtenberg.

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