Biz.PeanutButterNews.com

They need to do something these business can do just about what they want and we have to take it. Who are they accountable to?
Full Story at money.cnn.com

WASHINGTON (CNNMoney.com) — The head of a key banking panel is expected Monday to release a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system.

While much of the attention has focused on battles over the creation of a new consumer regulator to ensure consumers get a fair shake with mortgages and credit cards, the final draft is expected to address other areas, including some lawmakers generally agree about.

Full Story at msnbc.com

Millions of Americans have been forced to rely on unemployment payments for extended periods as the nation struggles through its longest period of high joblessness in a generation, and critics are taking aim, saying that the Depression-era program created as a temporary bridge for laid-off workers is turning into an expensive entitlement.

About 11.4 million out-of-work people now collect unemployment compensation, at a cost of $10 billion a month. Half of them have been receiving payments for more than six months, the usual insurance limit.

Full Story at msnbc.com

The Great Recession cleared the country’s roads, but a recovering economy and stimulus-fed construction projects will lead to worse delays.

Got satellite radio in your car? Now might be a good time to think about installing it, as you’re likely to be spending more time in traffic as the economy recovers.

Although high gas prices and lost jobs during the 2007-2009 recession led to a decrease in the number of Americans on the road, congestion is poised to increase as workers return to the nation’s highways and stimulus-funded construction projects create bottlenecks.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Shuttered General Motors dealers hoping to get their business back should stay near the phone. General Motors is in the process of calling 661 dealers targeted for shutdown to offer them their franchises back, company executives said Friday afternoon.

That represents more than half of the dealers who lodged an arbitration appeal last month to fight their planned termination.

Full Story at msnbc.com

WASHINGTON – The post office is renewing its drive to drop Saturday delivery — and plans a rate increase — in an effort to fend off a projected $7 billion loss this year.

Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General John Potter said in releasing a series of consultant reports on agency operations and its outlook.

“The projections going forward are not bright,” Potter told reporters in a briefing. But, he added, “all is not lost … we can right this ship.”

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — A wave of disappointing economic reports has revived fears that the recovery is unsustainable, upping the ante for this week’s batch of economic news, including the big February jobs report Friday.

A strong rally in the last nine months of 2009 was fueled by a copious amount of fiscal and monetary stimulus, but also on bets that 2010 was a big recovery year. So far, the results have been so-so, and that’s left markets vulnerable and volatile.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — California’s high speed rail plan is eye candy for anyone who likes big, fast shiny things.

If built, it would connect Los Angles to San Francisco via one of the fastest trains in the world. Traveling along its own separate track, proponents say the bullet train would hit speeds exceeding 220 miles per hour, stopping periodically to pick up passengers in a network of sparkling steel and glass stations.

Full Story at msnbc.com

LOS ANGELES – Hard-working Barbie is adding two more careers to her long resume — news anchor and computer engineer.

The two new ventures for the world’s most popular fashion doll were chosen for the first time by the public, who cast more than 500,000 votes to select Barbie’s 125th and 126th careers, toymaker Mattel said on Friday.

Full Story at money.cnn.com

Analysts had been expecting good news on the jobs front, forecasting that payrolls would expand.

Instead, both people who have jobs and those who were set to start new positions couldn’t get to work because of the weather. As a result, they’ll file for unemployment benefits.

Big bonus,is he worth it? No one is worth that kind of bonus just because he works with money.
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NEW YORK (CNNMoney.com) — JPMorgan Chase Chairman and CEO Jamie Dimon will take home a nearly $16 million bonus in restricted stock and options for leading the bank to a big profit last year.

In a company filing with the Securities and Exchange Commission Friday, the New York City-based bank said Dimon would collect nearly 200,000 shares of restricted stock and more than a half million in options.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — After posting a fourth-quarter loss, Verizon Communications, Inc. said Tuesday it plans to cut about 13,000 jobs this year.

Verizon recorded a net loss of $653 million, or 23 cents per share, compared with a profit of $1.24 billion, or 43 cents a share, a year earlier.

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — General Motors announced Tuesday that it intends to become the first major automaker to design and manufacture electric motors for cars in the United States.

Electric motors are used in gasoline-electric hybrid vehicles as well as fully electric-powered vehicles.