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Monday, March 31

Fred Business News - Yahoo starts women's Website

by maba on Mon 31 Mar 2008 06:28 PM EDT

Fred Business News - Yahoo Inc. on Monday launched a site for women between ages 25 and 54, calling it a key demographic underserved by current Yahoo properties.

The site, Shine, is aimed largely at giving the struggling Internet company additional opportunities to sell advertising targeted to the key decision-maker in many households. Yahoo said advertisers in consumer-packaged goods, retail and pharmaceuticals have requested more ways to reach those consumers.

Amy Iorio, vice president for Yahoo Lifestyles, said internal research also shows women are looking for a site ... more »

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Sunday, March 30

Fred Business News - Northwest willing to merge without pilot deal

by maba on Sun 30 Mar 2008 06:56 PM EDT

Fred Business News - Northwest Airlines Corp. has proposed to Delta that the airlines move ahead with their combination without a prearranged deal with pilots, a person with direct knowledge of the situation said on Friday.

The person, who asked not to be named because of the sensitivity of the situation, said Delta Air Lines Inc. hasn't rejected the idea.

Neither airline would comment on the development, but Delta said in a statement that it supports "industry consolidation as a vehicle to ensure Delta remains an industry ...   more »

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Saturday, March 29

Fred Business News - Clear Channel warns deal may not close

by maba on Sat 29 Mar 2008 11:37 AM EDT

Fred Business News - The lenders committed to financing the $19.5 billion private buyout of Clear Channel Communications Inc. didn't show up to a meeting of the company and buyers even after a judge issued an order barring the banks from hindering or undermining the deal, the company said in a filing Friday.

Representatives from Clear Channel and the private equity buyers, led by Bain Capital and Thomas H. Lee LLC, met Thursday - the day after a temporary restraining order was issued to bar the banks from purposely ...   more »

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Friday, March 28

Fred Business News - Raul Castro lets Cubans have cell phones

by maba on Fri 28 Mar 2008 06:36 PM EDT

Fred Business News - First microwaves, now cell phones. Is this the new Cuba?

Raul Castro is revolutionizing his brother's island in small but significant ways -- the latest in a decree Friday allowing ordinary Cubans to have cell phone service, a luxury previously reserved for the select few. The new president could be betting greater access to such modern gadgets will quell demand for deeper change.

Many Cubans hope cell phones and new appliances are only the beginning for a post-Fidel Castro government that will ...   more »

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Thursday, March 27

Fred Business News- Starbucks again sued over tips

by maba on Thu 27 Mar 2008 07:15 PM EDT

Fred Business News- Another former Starbucks employee is suing over the way the coffee chain store divides up tips.

Starbucks is already planning to appeal a California judge's order that it pay $100 million in tips and interest because supervisors shared in the tips given to baristas. And on Wednesday another state lawsuit was filed in Massachusetts.

Now a Minnesota lawsuit accuses Starbucks of the same thing. It says Starbucks broke a Minnesota law that prohibits employers from requiring employees to share tips. The lawsuit ...   more »

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Wednesday, March 26

Fred Business News - Tax rebates will boost economy: Bush

by maba on Wed 26 Mar 2008 06:14 PM EDT

Fred Business News - President Bush says the sagging economy will "come out stronger than ever before" with the help of rebates from the recently enacted economic stimulus package.

Bush made his comments after touring the ColorCraft printing company in Sterling, Va.

He said that beginning in the second week of May, "a lot of folks are going to be getting a sizable check. I'm looking forward to that day and I know they are as well."

The president said his administration had taken "decisive ...   more »

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Tuesday, March 25

Fred Business News - Delta to flight attendants: Union is risky

by maba on Tue 25 Mar 2008 05:49 PM EDT

Fred Business News - Delta Air Lines Inc. has told flight attendants they'd be better off if they didn't unionize, a month before they begin voting whether to become the second major work group at the carrier to be represented by a union.

The Atlanta-based company said in a statement Tuesday that it has received notification from the National Mediation Board that the voting period for a union election among Delta's flight attendants has been scheduled for April 23 to June 3.

More than 50% of all Delta ...   more »

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