Category Archives: Corporate

Auto workers: Keep jobs on U.S. shores

By doris | Published: March 27, 2011

Full Story at money.cnn.com DETROIT (CNNMoney) — Job security for auto workers used to mean ironclad labor contracts that insured they got paid whether or not they were working. But today, as the United Auto Workers union prepares to return to the bargaining table with the Big Three after four years of painful concessions and [...]

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Toyota tells U.S. plants ‘prepare to shut down’

By doris | Published: March 23, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Toyota’s U.S. manufacturing arm is preparing for a possible shutdown because of parts shortages from Japan, a Toyota spokesman said. Word has gone out to all 13 of Toyota’s factories in the United States, Canada and Mexico. This does not mean that the plants will stop working, [...]

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U.S. takes over three Tylenol plants

By doris | Published: March 10, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — The government is taking over three Tylenol plants following a blizzard of drug recalls and a Food and Drug Administration criminal investigation into safety issues at the factories. The FDA and the Justice Department on Thursday took action against McNeil PPC and two of its executives — its [...]

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Stocks surge as banks lead gains, oil drops

By doris | Published: March 8, 2011

Full Story at Money.cnn.com NEW YORK (CNNMoney) — U.S. stocks closed broadly higher Tuesday, led by a strong performance in the financial sector. Easing oil prices lent further support. Crude prices retreated following reports that Libyan leader Moammar Gadhafi is working to step down and exit the country safely.

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Making Coke boMaking Coke bottles from sugar cane

By doris | Published: March 7, 2011

Full Story at money.cnn.com Coca-Cola has won praise for an initiative that significantly cut water usage at its more than 900 plants around the world. But there’s another major sustainability project at Coke. Instead of focusing on Coke’s bottling plants, this one aims to make Coke bottles out of plants.

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AIG: Back in black

By doris | Published: February 24, 2011

Full Story at finance.fotune.cnn.com No need to get your eyes checked. AIG just reported a huge profit. In a sight many of us never thought we’d see, the bailed-out insurer AIG (AIG) returned to the black Thursday, posting an $11 billion profit for the fourth quarter of 2010 and $10 billion in earnings for the [...]

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U.S. oil prices don’t matter at the pump

By doris | Published: February 21, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — U.S. oil prices remain relatively low compared to the rest of the world, but that doesn’t mean American motorists are getting a break at the gas station. Gasoline prices in the United States have jumped 5 cents in just a week, according to AAA.

Also posted in Auto, Gas or Oil, Money, Profit, Rises | Leave a comment

Oregon sues Motrin maker over secret drug recall

By doris | Published: January 13, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Oregon has sued Johnson & Johnson for allegedly selling defective Motrin drugs to consumers in the state for more than a year, and for trying to secretly remove the faulty drugs from stores. “Companies that break the rules and put consumers at risk will be held accountable,” [...]

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Stop gobbling up bonds — they’re risky!

By doris | Published: January 12, 2011

Full Story at money.cnn.com (MONEY Magazine) — Normally, investors gorge on bonds only when they’re scared out of their wits — typically because they’ve taken such a beating in stocks that they can’t bear the thought of losing one more cent. Eventually that terror subsides, only to be replaced by greed. That’s when investors spurn [...]

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Looking for a job in 2011? Here’s how to stand out

By doris | Published: January 2, 2011

Full Story at msnbc.com Many of you continue to use the same job-search strategies even though they reap few results hoping that you’ll land a gig when the job market gets better in the New Year. Well, 2011 is here and it’s not going to be much better than 2010 when it comes to employment [...]

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Many U.S. companies are hiring … overseas

By doris | Published: December 29, 2010

Full Story at msnbc.com Corporate profits are up. Stock prices are up. So why isn’t anyone hiring? Actually, many American companies are — just maybe not in your town. They’re hiring overseas, where sales are surging and the pipeline of orders is fat. More than half of the 15,000 people that Caterpillar Inc. has hired [...]

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Economy nears year end in more upbeat mood

By doris | Published: December 24, 2010

Full Story at msnbc.com WASHINGTON — The economy gave off signs that it was continuing to heal, although slowly and in fits and starts, as one of its roughest years ever was drawing to a close. Consumer spending, one of the economy’s main engines, rose moderately in November, boding well for the crucial holiday season. [...]

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Tax cut deal: What to expect in your paycheck

By doris | Published: December 20, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Come January, you’ll start to see some changes in your paycheck, as the new Social Security tax break that President Obama signed into law Friday takes effect. The measure, part of a sweeping package of tax cuts, will reduce the amount of money workers pay into Social [...]

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Wall Street bonuses may top last year’s as earnings soar

By doris | Published: December 16, 2010

Full Story at msnbc.com NEW YORK — Despite the weak U.S. economy, this year could be the second most profitable for New York City’s securities industry, and the average bonus may top last year’s because so many bankers and brokers have been laid off, the state comptroller said in a report on Wednesday. “Wall Street [...]

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