Business

Frontier Airlines Outsourcing 700 American Jobs Overseas

February 6, 2013

“About 60 percent of Frontier’s airport stations are staffed by external vendors. Tuesday’s announcement impacts the airline’s gate, ticket counter and ramp employees at the remaining 28 locations.”

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Hacktivist Group Anonymous Publishes Contact and Personal Information of 4,000 Banking Executives

February 5, 2013

“The Federal Reserve acknowledged the attack in a Tuesday statement.”

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President Obama Meets with Business Leaders from 12 Companies Including Coca-Cola, Goldman Sachs, and Yahoo

February 5, 2013

“President Barack Obama will meet with chief executives from 12 companies including Goldman Sachs Group Inc’s Lloyd Blankfein and Yahoo Inc’s Marissa Mayer on Tuesday to discuss immigration and deficit reduction.”

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Royal Bank of Scotland’s Investment Banking Head John Hourican Resigns Over the Libor Scandal

February 5, 2013

“Sources say he is being forced out even though most of the rate fixing happened before he assumed his current role.”

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British Petroleum (BP) Calls $34 Billion in Oil Spill Compensation Claims “Substantially Overstated”

February 5, 2013

“”BP hasn’t done itself any favors in gaining goodwill with anyone in the Gulf. With a few exceptions early on, they have been incredibly difficult to deal with and their credibility is subsurface.”"

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Documents: Questionable Practices by Bank of America’s Loan Servicing Unit Continued After Acquiring Countrywide

February 5, 2013

“The filing raises new questions about whether a judge will approve the settlement. If it is denied, the bank would face steeper legal obligations.”

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Centrica Withdraws From Plans to Construct New Nuclear Power Plants in Great Britain

February 4, 2013

“The withdrawal leaves no British involvement in nuclear new build, with China’s Guangdong Nuclear Power Group understood to be leading the way to replace the UK group.”

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Twitter Website Hacked; Approximately 250,000 Accounts Compromised

February 4, 2013

“The social network said in a blog post Friday afternoon that approximately 250,000 user accounts were potentially compromised, with attackers gaining access to information including user names and email addresses.”

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Triaminic and Theraflu Issue Recall Warnings Over Defective Child-Resistant Caps

January 31, 2013

“The pharmaceutical company that makes Triaminic and Theraflurecalled 2.3 million units of cold and cough syrups after four children opened the child-resistant caps and accidentally ingested the medication themselves.”

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Report: Boeing Was Aware of 787 Dreamliner’s Battery Issues Before Fires Occurred

January 31, 2013

“Even before two battery failures led to the grounding of all Boeing 787 jets this month, the lithium-ion batteries used on the aircraft had experienced multiple problems that raised questions about their reliability.”

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Walmart Sets Limit on Sale of Ammunition to Three Boxes Per Customer Per Day

January 31, 2013

“Walmart has started to limit sales of ammunition to three boxes per customer per day due to limited supplies, a spokeswoman said on Wednesday.”

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Chevron Oil Company Fined Nearly $1 Million by the California Division of Occupational Safety & Health

January 30, 2013

“While there were no serious injuries to refinery workers who managed to escape harm during the Aug. 6, 2012 fire in Richmond, thousands of residents in the surrounding community were advised to shelter-in-place and many went to the hospital complaining of respiratory problems.”

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Analysis: Corporations Fear White House Pushing For Increased Taxes

January 30, 2013

“The White House last year sought to raise at least $150 billion from multinational companies by closing tax breaks. Obama has long called for curbing tax benefits for oil and gas companies.”

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Iraqi Kurdistan Negotiating With International Companies to Operate Oil Fields

January 30, 2013

“Kurdistan has upset the central government by signing deals directly with oil majors such as Chevron Corp and Exxon Mobil, providing lucrative production-sharing contracts and better operating conditions than in the south of the country.”

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Retailers in 40 American States Can Now Apply “Checkout Fees” to Credit Card Payments

January 29, 2013

“These so-called “checkout fees” went into effect January 27, and do not apply to debit card payments. The fees are illegal in California, New York, Texas and seven other states.”

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