Category Archives: Lose

What’s missing for back-to-school? 135,000 teachers

By doris | Published: August 20, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — More children are crowding into classrooms in Modesto, Calif. Parents are paying extra to send their kids to full-day kindergarten in Queen Creek, Ariz. And the school buses stopped rolling in one St. Louis area school district. These are but a few of the unwelcome changes greeting [...]

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KFC’s Double Down fails to take off

By doris | Published: July 15, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — KFC’s Double Down, an uber-fried bacon-and-cheese mega-sandwich with chicken instead of bread, has not been a big hit with fast foodies. The Double Down created a news feeding frenzy when KFC, owned by Yum Brands Inc., launched the sandwich on April 12. The company has sold 10 [...]

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TARP failed Main Street banks

By doris | Published: July 14, 2010

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — While bailed-out Wall Street is back on its feet and making profits, Main Street banks have gotten little to no boost from taxpayer bailouts, a watchdog panel said Wednesday. The Troubled Asset Relief Program’s help has made little difference for small banks, according to the latest report by [...]

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BP spill costs $350 million — so far

By doris | Published: May 11, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com)) — BP said Monday it has spent $350 million so far on cleanup and other costs associated with the massive oil spill in the Gulf of Mexico. That includes expenses related to cleaning up the oil, protecting wetlands and beaches, efforts to seal the leaking oil well, assistance [...]

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More than 80% of school districts to cut jobs

By doris | Published: May 5, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — More than 80% of U.S. school districts are expected to eliminate jobs and more than half will likely freeze hiring during the upcoming school year, an education organization said Tuesday. Based on a survey of school administrators from 49 states, a total of 275,000 education jobs are [...]

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Rig explosion dirties BP’s green image

By doris | Published: May 1, 2010

Full Story at msnbc.com NEW YORK – BP brands itself a friend of the environment, an energy company that goes “beyond petroleum.” That image, worth billions of dollars, is being sullied by the company’s inability to contain a massive oil spill in the Gulf of Mexico. As the expanding oil slick threatens marshlands and wildlife [...]

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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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Jobless benefits start ending on Sunday

By doris | Published: February 28, 2010

Full Story at money.cnn.com Starting Monday, the jobless will no longer be able to apply for federal unemployment benefits or the COBRA health insurance subsidy. Federal unemployment benefits kick in after the basic state-funded 26 weeks of coverage expire. During the downturn, Congress has approved up to an additional 73 weeks, which it funds. These [...]

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AIG to take a big hit

By doris | Published: February 26, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — After two straight profitable quarters, AIG is expected to report a substantial loss for the fourth quarter when the troubled insurer announces its latest financial results Friday morning. The company has previously said it expected to take a financial hit of about $5 billion for restructuring costs in [...]

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One million could lose jobless benefits in March

By doris | Published: February 23, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — More than 1 million people could lose their jobless benefits and health insurance subsidy in March if Congress doesn’t act fast. When it returns from the President’s Day recess on Monday, the Senate will have one week to extend the deadlines to apply for federal unemployment benefits [...]

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Fallout from Honda, Toyota recalls grows

By doris | Published: February 11, 2010

Full Story at msnbc.com TOKYO/DETROIT – Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis. Honda, Japan’s No. 2 automaker, has now recalled close to 950,000 vehicles for airbag problems linked to one fatality and [...]

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Verizon to cut 13,000 jobs

By doris | Published: January 28, 2010

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.

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UPS to shed 1,800 jobs

By doris | Published: January 9, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — UPS announced plans to cut 1,800 jobs as part of a restructuring plan intended to streamline the company’s domestic management structure. The cuts will eliminate management and administrative positions across the country, UPS (UPS, Fortune 500) said in a statement Friday. Approximately 1,100 employees will be offered [...]

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The AIG fiasco keeps getting worse

By doris | Published: January 8, 2010

Full Story atmoney.cnn.com The AIG bailout isn’t going away, much as Treasury Secretary Tim Geithner might like it to. The $180 billion fiasco was back in the news Thursday, after Bloomberg reported that the Federal Reserve Bank of New York prodded the troubled insurer at the end of 2008 to withhold some gory details of [...]

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