Business News: Professor, son plead guilty

(CBS)- A former MIT professor and his son have pled guilty to security & wire fraud charges that prosecutors say cost investors 140 million dollars.  The two men duped investors by convincing them they had developed a winning investment formula.  Authorities say some of the money they invested was connected with Bernie Madoff's massive Ponzi scheme.

(CBS)- Amazon just made shopping a little bit more convenient.  It Is giving established payment processing systems like 'square' and 'PayPal here' a run for their money by introducing 'Amazon Local Register'.  It is a card processing device designed to help small business owners accept payments through their smartphones and tablets.

(CBS)- Think of it like scuba diving from your computer.  US scientists will use specially developed fisheye lenses underwater this week to give us a unique 360 degree view of Florida's coral reefs and other underwater marvels.  It is the first time the new technology has been used in the US and is similar to the type of view Google Street View provides. Some of the images will be available starting this week.


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