This story really caught my eye, because I have a friend who has been fighting a battle against his former employer over this very issue for years.
Millions of Chinese-made toys have been pulled from shelves in North America and Australia after scientists found they contain a chemical that converts into a powerful date rape drug when ingested. WOW!!
Record oil prices edged closer to $100 a barrel Wednesday amid expectations of declining U.S. supplies. The weak dollar and OPEC's apparent reluctance to pump more crude into the market also boosted prices.
GM posted the largest quarterly net loss in its history due largely to a $38.6 billion noncash charge related to tax asset valuation, but also had to deal with a loss at it's financial arm GMAC and continued weakness in the North American market.
DirecTV's third quarter net income dropped 14% as the company spent more to provide customers with high-definition channels and digital video recorders.
Now that Chief Executive Charles Prince of Citigroup, Inc. has quit, what will it take to clean up the mess left behind. It certainly will take time. It will also take innovation and imagination by Citigroup officials to win back the confidence of investors. I hope they are up to the task.
the New York Times is reporting that the chairman and chief executive of Citigroup, Charles O. Prince, III has told directors that he will resign because of the sharp drop in profit and the 5.9 billion write-down that Citigroup has experienced.
Gneral Mills has recalled about 5 million frozen pizzas nationwide under the Totino's and Jeno's labels because of possible e. coli contamination.
The baby boomers are reaching early retirement age (62). Should they take their social security benefits now or wait until they reach full retirement age? According to retirement experts they should delay taking benefits until their full retirement age or later, given the likelihood they could live into their 90's or beyond.
Humberto Cruz has a good column about the advantages of making your car last. According to Consumer Reports , with proper care, many cars today can last 200,000 miles or more with few if any major repairs.
In a relatively close vote, the UAW agreed to a four year contract with Chrysler. Usually, these kind of agreements are overwhelmingly approved, but this time only 56% of production workers and 51% of skilled trades workers voted for the agreement. Now the UAW turns to Ford Motor Company.
Vonage has settled with Verizon by agreeing to pay as much as $120 million to settle their patent dispute. Seems like a lot of money to me.
The Wall Street Journal is reporting that AT&T is negotiating to buy either EchoStar Communications Corp. or DirecTV. As a long time DirecTV subscriber, I would not be happy with AT&T buying them.
Microsoft's announcement said "We will not appeal the September decision to the European Court of Justice and will continue to work closely with the Commission and the industry to ensure a flourishing and competitive environment for information technology in Europe and around the world." Microsoft has already paid $1.43 billion in fines to the commission, which will decide by the end of the year whether Microsoft must pay an additional 1.6 billion euros.
The BBC has announced that it will cut 1800 jobs, broadcast fewer programs and require staff to create content for television, radio and the Internet, creating a showdown with journalists and other employees.
The Mirage in Las Vegas has always been my favorite hotel. I can't wait to see what they build in Atlantic City.
Boeing Company's 787 Dreamliner hasbeen delayed by six months. Boeing has acknowledged early problems assembling the first 787s has disrupted the schedule.
The Supreme Court today allowed a class action lawsuit to proceed against Hewlett-Packard Co. The case involves a lawsuit by two Oklahoma residents who claim that Compaq Computer Corp sold them a defective computer. Compaq was purchased by Hewlett-Packard in 2002.
The New York Times has a good article about possible economic problems facing us. The article quotes Countrywide Financial, the nation's largest mortgage lender as saying "more borrowers with good credit are falling behind on their loans..." It is well worth reading.
Posts
All Comments
