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Friday, July 4
Fred Business News - Bye-bye gas subsidies
by
maba
on Fri 04 Jul 2008 02:14 PM EDT
Fred Business News - For months we've been hearing how gasoline subsidies or price controls in places like Those subsidies are now being trimmed, as soaring crude prices make it increasingly difficult for governments to foot the bill. In recent weeks Thursday, July 3
Fred Business News - American may cut 900 flight attendant jobs
by
maba
on Thu 03 Jul 2008 06:03 PM EDT
Fred Business News - American Airlines says it could cut 900 flight attendant jobs as it reduces flights to cope with record-high fuel costs. The Fort Worth, Tex.-based airline expects to reduce jobs for pilots and mechanics too, but it hasn't released numbers yet. American, the nation's largest carrier, said Wednesday that job cuts were necessary "to overcome near-term challenges and secure our company's long-term future." In May, American announced it would cut domestic capacity by 11% to 12% later this year, retire some planes and ... more » Wednesday, July 2
Fred Business News - U.S. frees up airspace for July 4 weekend
by
maba
on Wed 02 Jul 2008 06:26 PM EDT
Fred Business News - The U.S. military will open up airspace for commercial air travel during the Independence Day weekend to relieve congestion, the U.S. Department of Transportation said Wednesday. The Department of Defense will free up airspace off the East Coast, from "Today's announcement will help ensure that travelers don't have to celebrate Independence Day by being stuck on an airplane," said U.S. Transportation ... more » Tuesday, July 1
Fred Business News - Wal-Mart to pay $6.5M in labor case
by
maba
on Tue 01 Jul 2008 06:00 PM EDT
Fred Business News - A judge has ruled against Wal-Mart in a class-action lawsuit, saying the discount retailer violated state labor laws 2 million times by cutting worker break time and forcing employees to work off the clock. Dakota County Judge Robert King Jr. ordered Wal-Mart Stores Inc. Monday to pay $6.5 million in compensatory damages, but Wal-Mart could end up paying much more than that after a jury in October considers civil penalties and punitive damages. "We believe that this award not only helps the individual clients, ... more » Monday, June 30
Fred Business News - Burger King backs new kids' meal
by
maba
on Mon 30 Jun 2008 06:00 PM EDT
Fred Business News - The clown trying to win your mother's heart has a new rival and this guy's royalty. After watching its bigger rival McDonald's Corp. try to woo mothers and grab a share of the family budget, Burger King Corp. -- known for its edgy ads featuring a man with an oversize plastic king mask -- is launching a new marketing and promotional campaign Monday targeted to moms. "A large part of our customer base is parents with children," said Russ Klein, president of global strategy, ... more » Sunday, June 29
Fred Business News - Senate holiday on housing rescue
by
maba
on Sun 29 Jun 2008 09:01 AM EDT
Fred Business News -After failing to approve an omninbus housing rescue package this week, the Senate is scheduled take up the bipartisan-supported bill again the week of July 7. What dragged the bill down this week had little to do with the substance of foreclosure relief. Instead it was stymied by a procedural maneuver on Wednesday by Sen. John Ensign, R-Nev., who is pushing a series of energy tax breaks, and a backlog of legislation that the Senate was scrambling to complete before its July 4 recess. Friday, June 27
Fred Business News $7.5 billion - weekly stimulus bounty
by
maba
on Fri 27 Jun 2008 06:00 PM EDT
Fred Business News - The Treasury Department said Friday that it sent out 9.7 million economic stimulus checks this week, totaling $7.5 billion. Only two weeks remain until the majority of the stimulus payments are distributed, according to the Treasury Department. Since April 28, the Treasury has distributed 94.85 million stimulus payments, totaling $78.3 billion, in the government's effort to revitalize the nation's slackening economy. The government's stimulus effort is providing some relief for consumers. The Commerce Department said Friday that individual income shot up 1.9% in ... more » |
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