Business news in brief

Posted: January 23, 2013 at 2:59 a.m.

QUOTE OF THE DAY “We want the right accountability and ownership to be in the hands of the suppliers.We are placing our orders in good faith.” Rajan Kamalanathan, Wal-Mart’s vice president of ethical sourcing Article, 1D Ex-Stanford exec draws 5-year term HOUSTON — A prosecution witness in the trial of convicted Texas financier R. Allen Stanford was sentenced Tuesday to five years in prison for helping to bilk investors out of more than $7 billion in one of the biggest Ponzi schemes in U.S. history.

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Business, Pages 24 on 01/23/2013