Federal customs agents Wednesday raided more than 30 businesses and homes, looking for devices that let pirated video games play on Sony’s (SNE) PlayStation 2, Microsoft’s (MSFT) Xbox and Xbox 360, and Nintendo’s (NTDOY) Wii. The sting included 32 search warrants in 16 states, U.S. Immigration and Customs Enforcement said.
Stag’s Leap Wine Cellars, the Napa Valley winery credited with thrusting California wine onto the world stage at a Paris tasting 31 years ago, has been sold to Ste. Michelle Wine Estates in Washington state and Marcheso Piero Antinori ofItaly in a deal valued at $185 million. Analysts said the deal is another sign of the shift in the U.S. wine business toward premium brands.