Category Archives: Lose

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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Gift cards: Use ‘em or lose money

By doris | Published: December 30, 2009

Full Story at money.cnn.com WASHINGTON (CNNMoney.com) — Got a gift card from Wal-Mart, Best Buy or American Express this holiday season? Use it now, consumer advocates say. That’s the best way to avoid potential fees and other pitfalls that can suck up the value of consumer gift cards — at least until the Federal Reserve [...]

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Time Warner Cable, Fox negotiations near 11th hour

By doris | Published: December 25, 2009

Full Story at money.cnn.com “Oh, well…who cares what congress does, right? Time warner might not have fox programming anymore!!!!” said one Twitter user whose focus quickly switched from Thursday’s health care vote. The nation’s second largest cable provider is at odds with Fox’s parent company, News Corp., as well as the Weather Channel and Scripps [...]

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