Category Archives: Wrongdoing

Orlando gas station charges $5.69 a gallon

By doris | Published: April 22, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — Gas prices are on the rise nationwide, but one filling station in Florida has earned the dubious distinction of having the highest prices in the country. Suncoast Energys, located near the Orlando International Airport, was charging $5.69 a gallon for regular gasoline on Friday. That’s the highest of [...]

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Budget deal averts shutdown

By doris | Published: April 9, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Lawmakers pushed through a last-minute spending bill Friday night to avert a shutdown and keep the federal government open for business. The short-term spending measure — the seventh in the past six months — cut $2 billion and allows agencies to spend money through next Friday. A [...]

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Congress unites over BEER bill

By doris | Published: March 12, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Lawmakers can’t agree on anything except … beer. That’s right. Earlier this week, a Democrat joined with a Republican to introduce legislation in the Senate that would lower excise taxes on small breweries.Currently, breweries pay a $7 dollar tax per barrel for the first 60,000 barrels they [...]

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Oregon sues Motrin maker over secret drug recall

By doris | Published: January 13, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Oregon has sued Johnson & Johnson for allegedly selling defective Motrin drugs to consumers in the state for more than a year, and for trying to secretly remove the faulty drugs from stores. “Companies that break the rules and put consumers at risk will be held accountable,” [...]

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Their home was sold by mistake

By doris | Published: September 28, 2010

Full Story at msnbc.com Douglas Garhartt and Brandon Lively were just settling in to the ocean-view San Clemente townhome they bought in March when suddenly they were faced with the threat of eviction. Less than a week after they closed sale on the condo, it turned out, a small group of investors had purchased the [...]

Also posted in Banking, Business, Deals, Financial, Lose | Leave a comment

Why J&J’s headache won’t go away

By doris | Published: August 19, 2010

Full Story at money.cnn.com FORTUNE — It was a humiliating moment. Congressman Edolphus Towns was upbraiding a top Johnson & Johnson executive. Certainly Towns (D-N.Y.), the chairman of the House Committee on Oversight and Government Reform, has browbeaten his share of CEOs and Wall Street titans. But it’s not the sort of thing that usually [...]

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Gulf of Mexico gusher gets cap; oil still spewing

By doris | Published: June 4, 2010

Full Story at msnbc.com VENICE, La. – BP made promising strides in its latest bid to capture some of the oil spewing from its ruptured deep-sea well in the Gulf of Mexico, while President Barack Obama called off an overseas trip and prepared for another visit Friday to the spill-stricken U.S. Gulf Coast. After failing [...]

Also posted in BP, Business, environment, Gas or Oil, Safety | 1 Comment

Big bonuses are back. Backlash isn’t.

By doris | Published: April 23, 2010

Full Story at  money.cnn.com Yet few batted an eye this week when Wall Street revealed its latest round of pay excess. Giant Wall Street banks set aside $39.2 billion to pay their workers in the first quarter. That’s up 9% from a year ago, driven in part by a return to bubble-era profit levels. The [...]

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Californians to vote on legal weed

By doris | Published: March 27, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — It’s official: Californians will decide whether legal marijuana should be used to plug the state’s $20 billion budget gap. California residents are expected to vote this year on whether legalization should be approved to raise nearly $1.4 billion in state revenue. That’s based on an estimate from the [...]

Also posted in Economy, Financial, Legal, Marifuana | Leave a comment

Burger King: Beer with those fries?

By doris | Published: January 23, 2010

Full Story at msnbc.com MIAMI BEACH, Fla. – Burger King is opening a restaurant in Miami Beach that will serve beer along with burgers and fries, the chain’s first U.S. location with alcohol. At the Whopper Bar South Beach, guests can pair a Whopper sandwich with Anheuser-Busch and MillerCoors brews. With fries, the combo will [...]

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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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AIG chief gets OK for $10.5 million pay package

By doris | Published: October 7, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — AIG Chief Executive Robert Benmosche’s $10.5 million annual pay package has been formally approved by Obama administration pay czar Kenneth Feinberg. According to a letter to Treasury’s compensation committee dated Oct. 2, Feinberg said Benmosche’s package, $4 million of which is in stock options, is comparable to that [...]

Also posted in America, Banking, Bonuses, Business, Dividends, Market, Stocks | 1 Comment

America’s high-tech sweatshops

By doris | Published: October 5, 2009

Full Story at msnbc.com Vimal Patel was studying for a master’s in business administration in London when he saw an advertisement for work in the U.S. The ad offered a job in the tech industry, as well as sponsorship for the kind of work visa that allows foreign nationals to take professional-level jobs in the [...]

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US regulators propose ban on ‘flash’ trading

By doris | Published: September 18, 2009

Full Story at money.cnn.com WASHINGTON (Reuters) – U.S. securities regulators proposed Thursday a ban on flash orders that stock exchanges send to a select group of traders, fractions of a second before revealing them publicly. The Securities and Exchange Commission is seeking to end the practice criticized for giving an unfair advantage to some market [...]

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