Category Archives: Business

Volt production halted; 1,300 workers out of work

By doris | Published: March 3, 2012

Full Story at BottomLine.msnbc.msn.com Facing a significant backlog of unsold inventory, General Motors will shut down production of the Chevrolet Volt for five weeks. The maker has notified 1,300 workers at the GM plant in Detroit that they will be idled from March 19 through April 23 while assembly operations are idled. But the maker [...]

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GM likely to spend $500M on worker bonuses

By doris | Published: February 29, 2012

Full Story at msnbc.com DETROIT — General Motors is likely to spend more than $500 million on employee bonuses and profit-sharing based on the company’s performance last year. GM, which made a record profit in 2011, will pay bonuses of at least $182 million to white-collar workers such as engineers, car designers and managers on [...]

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Why the Keystone pipeline would boost pump prices

By doris | Published: February 28, 2012

Full Story at BottomLine.msnbc.msn.com Rising gasoline prices have helped proponents of a controversial pipeline proposal press their case that the project would help ease supply bottlenecks and lower prices for consumers. They’re half right. The proposed pipeline would relieve a glut of crude oil backing up in the Midwest and redirect those barrels to Gulf [...]

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Whole Foods up, Wal-Mart down in customer satisfaction survey

By doris | Published: February 22, 2012

Full Story at LifeInc.today.msnbc.msn.com We’ve been hearing a lot of potentially positive news about the economy lately, and that may be trickling down to the grocery store level. A new survey finds that even though food prices are going up, Americans are more satisfied than they were a year ago with upscale grocer Whole Foods [...]

Also posted in Food. | Leave a comment

Big Snickers, Twix bars are going to disappear

By doris | Published: February 16, 2012

Full Story at msnbc.com Mars Inc, the maker of Snickers and Twix candy bars, will stop selling chocolate products with more than 250 calories in them by the end of next year, a spokeswoman said on Wednesday. The company, which also makes M&Ms and Skittles candies and Juicy Fruit chewing gum, said the goal is [...]

Also posted in Change, Food., Health | Leave a comment

First Premier’s $400-a-year credit card

By doris | Published: February 12, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Would you pay $400 a year to own a credit card? That’s how much the First Premier Platinum card can easily wind up costing its customers, according to CardHub, a credit card-tracking website that has examined more than 1,000 credit card offers. First Premier’s Platinum card, aimed [...]

Also posted in Banking, Card, Limits, Market, Money | Leave a comment

Kid Rock slams hometown paper over claims about clothing line

By doris | Published: February 11, 2012

Full Story at TODAY.msnbc.msn.com The platinum-selling rock star who has promoted the city of Detroit worldwide has a clear message for his hometown newspaper: Cancel my subscription. On Monday, a Detroit Free Press story was published highlighting the fact that some T-shirts from Kid Rock’s Made in Detroit clothing line are not actually produced in [...]

Also posted in America, Factory, Jobs, Manufacturing, Newspaper | Leave a comment

Mortgage settlement leaves most homeowners to fend for themselves

By doris | Published: February 10, 2012

Full Story at BottomLine.msn.com The landmark $25 billion settlement reached by the federal government, 49 states and the nation’s five biggest banks will provide long-overdue relief for hundreds of thousands of homeowners who have been struggling to navigate the mortgage mess created by lenders. The wider impact for most homeowners, along with the housing market [...]

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Where the (good) jobs are coming

By doris | Published: February 8, 2012

Full Story at BottomLine.msnbc.msn.com We already know that one key way to make more money and stay employed is to get more education. Now a new report from the Bureau of Labor Statistics adds another piece of evidence that it usually pays off, literally, to shoot for that master’s degree or higher. The BLS this [...]

Also posted in Education, Jobs, School | Leave a comment

New York sues banks over electronic mortgage system

By doris | Published: February 4, 2012

Full Story at News.Yahoo.com NEW YORK (Reuters) – New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Schneiderman filed the lawsuit against Bank of America Corp , Wells Fargo & Co and JPMorgan [...]

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Automakers start year with strong sales

By doris | Published: February 2, 2012

Full Story at BottomLine.msnbc.msn.com Car sales zoomed ahead in January, with many automakers reporting solid sales at the start of a year expected to show a steady gain in vehicle purchases. Chrysler, now privately held and majority owned by Italy’s Fiat, was the notable standout for the month. It posted a 44 percent rise in [...]

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Amazon earnings OK, but stock slides 10%

By doris | Published: February 1, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Amazon’s fourth-quarter sales results weren’t awful, but investors went ahead and punished the stock severely anyway. Amazon (AMZN, Fortune 500) earned $177 million, or 38 cents per share for the holiday quarter that ended December 31 — more than double the 17 cents per share that analysts [...]

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Taco Bell jumps into the breakfast market

By doris | Published: January 29, 2012

Full Story at BottomLine.msnbc.msn.com It’s getting a little crowded in the breakfast nook. Fast food chain Taco Bell announced Thursday that it’s entering the breakfast fray. It joins larger rivals such as McDonald’s, Wendy’s and Subway in a market saturated with breakfast options including specialty coffees to lure in addicts who’ll buy a breakfast sandwich [...]

Also posted in America, Food. | Leave a comment

Macy’s sues Martha Stewart Living for breach

By doris | Published: January 24, 2012

Full Story at msnbc.com NEW YORK — Macy’s Inc is suing Martha Stewart Living Omnimedia Inc, accusing the company of breach of contract for entering into an agreement to sell certain products to J.C. Penney Company Inc. Macy’s says Martha Stewart Living granted it the exclusive right to make and sell certain products under a [...]

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