Category Archives: Failing

Unemployment claims dip

By doris | Published: September 1, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Filings for unemployment claims dipped last week, after striking Verizon employees went back to work. The number of first-time filers for unemployment benefits fell to 409,000 in the week ending Aug. 27, the Labor Department said Thursday. That’s down 12,000 from a revised 421,000 the prior week. [...]

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Gas prices to fall, but don’t expect a big drop

By doris | Published: August 30, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The price of U.S. oil has dropped nearly 25% since hitting its highs this spring, yet gasoline is down just 10%. So a big drop should be coming, right? Sorta. Drivers can expect a bit of relief at the pump over the next few months, but they [...]

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Alaska Airlines cancels flights after outage

By doris | Published: March 26, 2011

Full Story atnews.Yahoo.com DALLAS – Alaska Airlines and its Horizon Air affiliate canceled 95 flights Saturday because a computer system used for flight planning failed. The outage lasted intermittently for about seven hours and resulted in the two airlines scrapping about 12 percent of their combined schedule before technicians fixed the system, which returned at [...]

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Boomerang kids: 85% of college grads move homeollege grads move home

By doris | Published: October 14, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Getting a degree used to be a stepping stone to limitless career opportunities. Now it’s more of a hiatus from living under your parents’ roof. Stubbornly high unemployment — nearly 15% for those ages 20-24 — has made finding a job nearly impossible. And without a job, [...]

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Holder says Justice Dept. studying foreclosures

By doris | Published: October 7, 2010

Full Story at msnbc.com WASHINGTON — The government is looking into allegations that mortgage lenders in the foreclosure crisis have been evicting homeowners using flawed court papers, Attorney General Eric Holder said Wednesday. President Barack Obama’s financial fraud enforcement task force has a mortgage component to it, Holder noted during a news conference. In a [...]

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BMW recalls 200,000 luxury vehicles in U.S.

By doris | Published: October 3, 2010

Full Story at msnbc.com BERLIN — BMW’s recall of nearly 200,000 luxury vehicles in the U.S. to fix leaks that could develop in the power braking system may extend to another 150,000 cars of the same series around the globe, a spokesman said Friday. Globally, some 345,000 BMWs of the 5 Series, 6 Series and [...]

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What went wrong at Burger King

By doris | Published: September 5, 2010

Full Story at money.cnn.com FORTUNE — It’s not yet clear what Burger King’s new owner, the Brazilian-backed private equity firm 3G Capital, has in mind for the troubled No. 2 fast-food chain. But a total strategic revamp is in order. Burger King (BKC), which went public four years ago after its previous private equity owners [...]

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Another Johnson & Johnson drug plant gets flagged

By doris | Published: July 17, 2010

Full Story at money.cnn.com Can you trust J&J for drugs anymore.  Why do the companies not keep up with the cleaning. Is it money like every thing else, or do the just don’t care anymore. NEW YORK (CNNMoney.com) — Johnson & Johnson, already under fire from the government over deplorable conditions at a Pennsylvania plant [...]

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Post office proposes 2-cent rate hike

By doris | Published: July 7, 2010

Full Story at msnbc.com WASHINGTON — Buy those Forever stamps now. The cost of mailing a letter is going up again. Fighting to survive a deepening financial crisis, the Postal Service said Tuesday it wants to increase the price of first-class stamps by 2 cents — to 46 cents — starting in January. Other postage [...]

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Toyota says 270,000 vehicles have faulty engines

By doris | Published: July 1, 2010

Full Story at msnbc.com TOKYO — Toyota Motor Corp. said Thursday about 270,000 cars sold worldwide — including luxury Lexus sedans — have potentially faulty engines, the latest quality lapse to hit the automaker following massive global recalls of top-selling models. Japan’s top-selling daily Yomiuri said in its evening edition that Toyota will inform the [...]

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BP knew of problems hours before blast

By doris | Published: May 13, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — BP knew of problems with an offshore well hours before it exploded last month, spilling millions of gallons of oil into the Gulf of Mexico, a House committee chairman said Wednesday. Rep. Henry Waxman, D-Calif., said the oil company told the Energy and Commerce subcommittee on oversight [...]

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What killed Lehman

By doris | Published: March 15, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Failings by Lehman Brothers executives and its auditor led to the bank collapse that unleashed the worst of the financial crisis, according to a report by a court-appointed investigator. Lehman “repeatedly exceeded its own internal risk limits and controls,” and a wide range of bad calls by [...]

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Program to pay homeowners to sell at a loss

By doris | Published: March 8, 2010

Full Story at msnbc.com NEW YORK – In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than they owe [...]

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Toyota fix in question amid complaints

By doris | Published: March 4, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — Federal safety regulators said Wednesday they have received 10 complaints from drivers alleging sudden acceleration in Toyota vehicles that have already been repaired under the automaker’s recent recall. The National Highway Traffic Safety Administration said it has reached out to the consumers in question to gather more information [...]

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