For the first time since the recession began, the portion of companies planning to add employees in the next six months outnumbered those expecting to cut jobs, according to this month’s quarterly survey of economists at 78 firms by the National Association for Business Economics. Twenty-four percent plan to grow their workforce, 20% say they’ll [...]
The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper. Dozens, perhaps hundreds, of other banks remain open even though they are as weak as many that have been shuttered. Regulators are [...]
Southwest Airlines will introduce service next year at Northwest Florida International, a yet-to-be completed airport being built near Panama City, Fla. When the airport opens in May, Southwest will fly two round trips a day to each of four cities it will name later. The airport is being built on 4,000 acres of land donated [...]
More than 5,000 KFCs will give every U.S. customer a free piece of grilled chicken, Monday October 26th. This will be the third time in six months that the chain famous for fried chicken is offering a giveaway to promote its Kentucky Grilled Chicken that debuted nationally last spring. KFC’s latest freebie will be minus [...]
Walt Disney Company is offering a refund for their “Baby Einstein” videos. They may have been a great electronic baby sitter, but the unusual refunds appear to be a tacit admission that they did not increase infant intellect. “We see it as an acknowledgment by the leading baby video company that baby videos are not [...]
Every Wednesday on NBC10’s “Survive and Thrive” we bring you a half-hour filled with money saving tips, expert financial advice, a list of open jobs in our area, plus much more to help you and your family survive and thrive during these tough financial times. In case you missed today’s show, you can find helpful [...]
Homebuyers are rushing to complete their purchases before the tax credit for first-time buyers expires. According to economists polled by Thomas Reuters, a report Friday is expected to reveal an almost 5% increase in September, to a seasonally adjusted annual rate of 5.35 million, up from 5.1 million in August. If the report is as [...]
Banks have been told by the Financial Ombudsman Service (FOS) to deal fairly with people who ask for the return of overdraft charges because of hardship. Under Financial Services Authority (FSA) rules, banks are supposed to treat hardship claims sympathetically. But the FOS says it has received many complaints that this is not happening. The [...]
A key House panel approved a bill Thursday to set up a new agency to regulate consumer credit: Everything from payday loans to debit cards. But after intense lobbying from large banks, small banks and nearly every potential creditor in between, the proposal has taken a few hits since landing on Capitol Hill. Lawmakers worked [...]
The U.S. Consumer Product Safety Commission, in cooperation with Colby Electronics, announced a voluntary recall of rechargeable batteries sold with portable DVD/CD/MP3 players. Consumers should stop using recalled products immediately unless otherwise instructed. The rechargeable batteries can overheat, posing a fire hazard to consumers. Coby Electronics has received 10 reports of batteries overheating, including eight [...]
