Business News

228M eggs recalled after being linked to an outbreak of salmonella poisoning

August 18, 2010

WASHINGTON – An Iowa egg producer is recalling 228 million eggs after being linked to an outbreak of salmonella poisoning. The federal Centers for Disease Control and Prevention said eggs from Wright County Egg in Galt, Iowa, were linked to several illnesses in Colorado, California and Minnesota. The CDC said about 200 cases of...
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General Motors recalling 250,000 crossover vehicles worldwide. Second-row seat belts could be damaged and not latch.

August 17, 2010
General Motors recalling 250,000 crossover vehicles worldwide. Second-row seat belts could be damaged and not latch.

WASHINGTON – General Motors Co. is recalling nearly 250,000 crossover vehicles worldwide to inspect second-row seat belts that could be damaged and not latch. GM said Tuesday the recall affects 2009-2010 models of the Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook. Most of the 243,403 recalled vehicles are in the United States...
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China surpassed Japan as the world’s second-largest economy

August 16, 2010
China surpassed Japan as the world’s second-largest economy

China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower. Japan’s nominal gross domestic product for the second quarter totaled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today. Japan remained bigger in the first half of 2010,...
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President Obama signed law that reduces or suspends tariffs paid by American companies

August 11, 2010
President Obama signed law that reduces or suspends tariffs paid by American companies

President Barack Obama on Wednesday signed into law an act that reduces or suspends tariffs paid by American companies on certain imports needed to manufacture their products. The Manufacturing Enhancement Act easily passed both chambers of Congress earlier this year. At the White House signing ceremony, Obama thanked Democrats and Republicans for working together...
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Obama administration is providing $3 billion to unemployed homeowners facing foreclosure

August 11, 2010

WASHINGTON – The Obama administration is providing $3 billion to unemployed homeowners facing foreclosure in the nation’s toughest job markets. The Treasury Department says it will send $2 billion to 17 states that have unemployment rates higher than the national average for a year. They will use the money for programs to aid unemployed...
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Amtrak Northeast Corridor service between New York and Philadelphia continued to be affected by ongoing signal problems

August 11, 2010

New York – Amtrak Northeast Corridor service between New York and Philadelphia, Pennsylvania, continued to be affected by ongoing signal problems Wednesday in New Jersey, Amtrak said in a 10 a.m. statement. The outage was caused by a downed tree that fell into the overhead wire system near Hamilton, New Jersey, Amtrak said. As...
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President Obama urged House lawmakers to pass emergency funding for teachers

August 10, 2010

President Obama urged House lawmakers to pass emergency funding for teachers Tuesday, saying the government spending is essential to avoid a new round of layoffs at schools across the country. Flanked by Education Secretary Arne Duncan and two canadian viagra teachers in the Rose Garden, Obama said the spending measure being considered by the...
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Productivity of U.S. workers unexpectedly fell

August 10, 2010
Productivity of U.S. workers unexpectedly fell

The productivity of U.S. workers unexpectedly fell in the second quarter, indicating companies may redouble efforts to contain costs as the recovery unfolds. The figures show the world’s largest economy lost momentum heading into the second year of the recovery, one reason why companies are holding the line on employment and pay. Flagging growth...
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House Democrats: on emergency session to pass a bill to save hundreds of thousands teachers and other public workers from unemployment

August 10, 2010
House Democrats: on emergency session to pass a bill to save hundreds of thousands teachers and other public workers from unemployment

WASHINGTON — Hoping to show disenchanted voters that they are the party that cares about jobs, House Democrats are convening an emergency session to pass a bill aimed at saving hundreds of thousands of teachers and other public workers from unemployment. Lawmakers rushing back from town hall meetings and vacations for the one-day session...
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Honda recalling more than 428,000 vehicles in US and Canada because of a defect that could cause cars to roll away if they are parked incorrectly

August 9, 2010
Honda recalling more than 428,000 vehicles in US and Canada because of a defect that could cause cars to roll away if they are parked incorrectly

DETROIT – Honda Motor Co said on Monday it was recalling more than 428,000 vehicles in the United States and Canada because of a defect that could cause the cars to roll away if they are parked incorrectly. The Honda recall covers Accord, Civic and Element models from the 2003 and 2004 model years...
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