Category Archives: Limits

Looking for work? Unemployed need not apply

By doris | Published: June 17, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The last thing someone who is unemployed needs to be told is that they shouldn’t even apply for the limited number of job openings that are available. But some companies and recruiters are doing just that. Employment experts say they believe companies are increasingly interested only in [...]

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Wal-Mart cuts prices to boost sales

By doris | Published: June 1, 2010

Full Story at msnbc.com NEW YORK – Wal-Mart is counting on $1 ketchup bottles and sub-$4 cases of Coke to re-ignite sales in America. The sharp cuts at U.S. stores, which came ahead of the Memorial Day holiday weekend, have already pushed rivals such as Target into price wars. And the markdowns are expected to [...]

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Economic rebound slowed last quarter

By doris | Published: May 27, 2010

Full Story at msnbc.com WASHINGTON – The economic rebound last quarter turned out to be slower than first thought, one of the reasons unemployment is likely to stay high this year. The economy grew at a 3 percent annual rate from January to March, the Commerce Department said Thursday. That was slightly weaker than an [...]

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Wall Street hopes to dodge two reform bullets

By doris | Published: May 25, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — With any luck, Wall Street can still escape two of the harshest elements of Washington’s reform efforts. The two measures, included in the Senate bill passed last week, take direct aim at some of the more risky — and profitable — parts of banks’ business. One proposal [...]

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Which bank deserves your money?

By doris | Published: May 24, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Shopping for a new bank? It’s nice to have a branch on every corner, but that’s not the only quality that makes an institution worthy of your business. More than half of consumers chose their bank based on a convenient location or ATM, according to a recent [...]

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Senate passes sweeping Wall Street reform

By doris | Published: May 21, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — The Senate on Thursday passed the most sweeping regulatory overhaul of the financial system since the New Deal. The bill, which passed 59-39, imposes more oversight and stronger capital cushions for the largest banks and Wall Street firms, while aiming to stop bailouts, shine a light on complex [...]

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Doctors’ Medicare payouts to be cut 21% June 1

By doris | Published: May 17, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — For the fourth time this year, doctors face a potential huge cut in the fees that the government pays them to treat Medicare patients. Physicians will be hit with a 21% cut in Medicare reimbursements as of June 1, unless lawmakers decide to patch over the issue [...]

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Lower ATM fees? Careful what you wish for

By doris | Published: May 15, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — As Congress debates the new rules of the road for the U.S. banking industry, some lawmakers have an ambitious proposal: They want to cut ATM fees. Last week, a trio of Democratic senators led by Iowa’s Tom Harkin proposed capping automated teller machine fees at just 50 [...]

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Ash cloud grounds U.S. produce, fish and parts

By doris | Published: April 21, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — From California produce to New England seafood, the ash cloud from the Iceland volcano is taking its toll on U.S. businesses. Air traffic to and from Europe has been disrupted for days, and that is keeping goods grounded. On Saturday, Boston-based Black Pearl Seafood was supposed to import [...]

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Wall Street reform: Senate showdown set

By doris | Published: April 20, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — With SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill. “Our bill ends too big to fail, bailouts end forever,” said Sen. Chris Dodd, [...]

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What health care reform means for your business

By doris | Published: March 23, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — The sweeping health-care bill passed by the House of Representatives Sunday, and now headed for President Obama’s desk, promises a sea change in the way that small business owners purchase and provide health insurance for themselves and their employees. But many of the provisions won’t kick in [...]

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U.S. lifts $400 billion cap for Fannie, Freddie

By doris | Published: December 27, 2009

Full Story at msnbc.com WASHINGTON – The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thursday it removed the $400 billion financial cap on the money it will provide to keep the companies afloat. Already, taxpayers have shelled out $111 billion to the pair, [...]

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More raises, smaller pay increases in 2010

By doris | Published: December 23, 2009

Full Story at money.cnn.com Of the organizations that plan to give raises next year, the average base pay increase is projected to be a paltry 2.7%, down from 3.2% in 2009, and even lower than what was predicted earlier this year. In April, a Mercer survey projected pay raises in 2010 to be 2.9%. But [...]

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Automakers, banks slapped with pay limits

By doris | Published: December 13, 2009

Full Story at msnbc.com WASHINGTON – The Obama administration’s pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000. The 25th through the 100th top earners at Citigroup, GMAC, American International Group and General Motors also must take more than half their compensation in stock, and [...]

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