CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' now. Spammers beware, Microsoft and Eliot Spitzer are teaming up to fight SPAM. Carrie Lee has more for us live from the Nasdaq market site. Good morning.</s>CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol. Three companies expected to be -- to be having the finger pointed at them for sending SPAM to a lot of customers. "The Wall Street Journal" says Eliot Spitzer, New York State Attorney General, expected to file civil petitions alleging that three companies and their principles violated consumer protection laws by sending deceptive and misleading e-mails. Also, Microsoft expected to pursue similar action against the three companies in Washington. Now both Spitzer and Microsoft have been going after spammers for quite some time. This is the first time they are coming together. Of course earlier, President Bush this week signed the nation's first anti-SPAM law. As one insider says, Carol, I don't think any one person, company or lawsuit can stop this. It will require a series of actions. So it looks like they are casting a wide net here. SPAM costs companies about $10 billion -- will cost companies about $10 billion this year. So it's a big problem. We're trying to stop it. Back to you.</s>COSTELLO: All right. Carrie Lee live from the Nasdaq market site. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com Spammers>
Fighting SPAM: Spitzer & Microsoft Launch Legal Action on Spammers