Boeing new 787 jetliner takes to the skies on long-delayed first test flight ABC-TV News December 15, 2009 By GEORGE TIBBITS Associated Press Writer Boeing’s new 787 jetliner finally got airborne Tuesday, the long-delayed inaugural flight of the world’s first commercial plane constructed with half its components made from lightweight composite materials. The sleek...
Fresh Off a Massive Recall for Deadly Acceleration Problems, Toyota Is Now Being Probed by the Feds for Random Stalling of Vehicles ABC-TV News Dec. 7, 2009 By JOSEPH RHEE and MARK SCHONE Toyota Motor Corp., which just announced a recall of more than 4 million Lexus and Toyota vehicles for sudden acceleration, now...
NPR November 9, 2009 By Frank James The Dow Jones Industrial Average closed 204 points higher Monday, finishing at its highest level in more than a year. The surge came on the news that the G20 nations would continue to stimulate their economies. Commodities like gold and oil also rose. with gold selling for...
huffingtonpost.com November 4, 2009 BATTLE CREEK, Mich. — Kellogg says it will pull health claims from its Rice Krispies cereal box due to the public’s growing concern about swine flu. more …
forbes.com November 3, 2009 Steve Schaefer Berkshire’s $34B railroad buy is an ”all-in wager” on the economic rebound, says the billionaire. The Federal Reserve’s two-day monetary policy meeting is sure to focus on nurturing the budding recovery, and Friday’s nonfarm payrolls report looms as another stiff test for the market. But on Tuesday at...
forbes.com 11.03.09, 02:42 PM EST WASHINGTON (Reuters) – Omnicare Inc, the largest U.S. provider of pharmacy services to nursing homes, will pay $98 million and Teva subsidiary IVAX Pharmaceuticals will pay $14 million to settle allegations of kickbacks, the U.S. Department of Justice said Tuesday. The department said Omnicare both solicited and paid kickbacks. ...
USA TODAY Noveber 3, 2009 By Kevin McCoy NEW YORK — The former accountant for Ponzi scheme architect Bernard Madoff’s business pleaded guilty to securities fraud and eight other charges Tuesday in a cooperation deal with federal prosecutors. David Friehling, 49, admitted in a hearing before U.S. District Court Judge Alvin Hellerstein that he...
The New York Times NICK BUNKLEY Published: November 2, 2009 DETROIT — The Ford Motor Company on Monday posted a surprise third-quarter profit of $997 million and said it had its first profitable quarter in North America in more than four years. The carmaker also said it increased its cash reserves by $1.3 billion...
From jets to country club fees, CEOs’ fringe benefits rose 4 percent last year msncb.com October 20, 2009 An analysis by the Washington Post found that even as the nation’s biggest banks were taking taxpayer dollars, they were boosting executive perks and benefits for CEO’s like Bank of America’s Kenneth D. Lewis. NEW YORK...
BBC News 15 October 2009 17:57 UK Two major Wall Street banks have reported better-than-expected profits between July and September. Goldman Sachs’ profits for the period were $3.19bn (£1.96bn), a four-fold increase from the same period in 2008. It has set aside $5.35bn to cover pay and bonuses for the quarter, an average payout...
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