Category Archives: Investigation

Chevy Volt’s problems may not be over as GM’s CEO prepares to face Congress

By doris | Published: January 25, 2012

Full Story at BottomLine.msnvc.msn.com The Chevrolet Volt got a clean bill of health, last Friday, with the National Highway Traffic Safety Administration closing its investigation into potential problems with the plug-in hybrid’s battery pack – but that doesn’t mean General Motors’ problems with the Volt are over, as a Congressional hearing is scheduled to begin [...]

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Congress takes on insider trading … by Congress

By doris | Published: December 7, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Is insider trading by members of Congress legal? How common is it? What’s being done about it? Congress itself is tackling those questions right now following an explosive report on 60 Minutes last month. The program accused House leaders John Boehner and Nancy Pelosi, as well Spencer [...]

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Verizon claims sabotage, calls cops on strikers

By doris | Published: August 13, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The rift between Verizon and its 45,000 striking employees grew wider on Friday, after the telecommunications giant called in the FBI to investigate allegations of sabotage. Verizon spokesman Rich Young said more than 90 acts of sabotage have taken place since the strike began on Sunday. Saboteurs [...]

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Australia may extend Tiger Airways grounding

By doris | Published: July 3, 2011

Full Story at news.Yahoo.com Aviation regulators were discussing Sunday whether to seek court approval to extend the grounding of Tiger Airways Australia, as the airline vowed to fix its problems and get back in the air. Australia’s Civil Aviation Safety Authority (CASA) on Saturday suspended all the budget carrier’s domestic services as they posed a [...]

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IRS cracks down on millionaires

By doris | Published: March 29, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Watch out millionaires: The IRS is coming for you. Especially if you make more than $10 million. Audits of these folks surged 73% last year, hitting more than 18% of taxpayers in the highest income bracket, according to recently released statistics from the IRS.

Also posted in Assets, Corporate, Financial, Government, IRS, Money, Tax | Leave a comment

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 [...]

Also posted in Airlines, America, Business, Computer, Failing | Leave a comment

From Guns N’ Roses bassist to money manager

By doris | Published: March 4, 2011

Full Story at money.cnn.com The former Guns N’ Roses bass player says years of drug and alcohol abuse caused the rupture, which left him sidelined for months. As he recovered from the incident at home and sobered up, he found himself with hours of free time and little to do. McKagan wandered into his basement [...]

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Dell and Intel: Big Tech behaving badly

By doris | Published: July 24, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Thursday’s $100 million settlement between Dell and the Securities and Exchange Commission was a reminder that the government is going after tech’s bad boys — and Intel is likely next on the feds’ list. According to the SEC’s complaint against Dell, Intel paid the computer maker rebates [...]

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Workers on doomed rig voiced safety concerns

By doris | Published: July 22, 2010

Full Story at msnbc.com WASHINGTON — A confidential survey of workers on the Deepwater Horizon in the weeks before the oil rig exploded showed that many of them were concerned about safety practices and feared reprisals if they reported mistakes or other problems. In the survey, commissioned by the rig’s owner, Transocean, workers said that [...]

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Johnson & Johnson gets subpoena on recalls

By doris | Published: July 21, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Drugmaker Johnson & Johnson said Tuesday that it has received a grand jury subpoena and is cooperating with a federal investigation stemming from multiple recalls of its popular non-prescription drugs. The company, which also reported its quarterly results, said it was addressing a variety of legal actions, [...]

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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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Goldman execs: We didn’t do anything wrong

By doris | Published: April 28, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Top Goldman Sachs representatives — including CEO Lloyd Blankfein — attempted to deflect criticism Tuesday as they faced a blistering cross-examination from lawmakers about the firm’s role in the financial crisis. For more than ten hours, members of a Senate panel skewered current and former executives at [...]

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Wal-Mart gender pay lawsuit heads to trial

By doris | Published: April 27, 2010

Full Story at money.cnn.com WASHINGTON (CNN) — A federal appeals court has certified the largest class-action employment lawsuit in U.S. history, in a long-standing dispute against retailer Wal-Mart Stores Inc. over alleged gender bias in pay and promotions. The divided 6-5 ruling by the San Francisco-based 9th U.S. Circuit Court of Appeals on Monday allows [...]

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Microsoft to investigate child labor accusations

By doris | Published: April 16, 2010

Full Story at msnbc.com SEATTLE – Microsoft says it will investigate reports of poor working conditions at a factory in southern China that makes some of its products. A nonprofit that looks into the treatment of foreign workers by U.S. companies published a report Tuesday detailing long working hours, low pay, insufficient food and few [...]

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