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Blog Profile / Money & Co

Filed Under:Business & Finance
Posts on Regator:11428
Posts / Week:35.9
Archived Since:March 9, 2008

Blog Post Archive

Bank of America to pay $772 million for illegal credit card practices

WASHINGTON -- Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday.

Mars to buy pet brands from Procter & Gamble for $2.9 billion

Confectionary giant Mars Inc. is buying most of Procter & Gamble's pet food business for $2.9 billion, a move that will shore up the company's growing pet care business.

Live chat: More moms are staying home with the kids

When it comes to the home front, what's old is new again. More moms are staying at home with their kids today, according to new analysis of government data by the Pew Research Center. This is a reversal of a three-decades long decline in the last century in the number of "stay-at-home" moms. 

Bacon prices rise as disease hits pork production

That extra slice of bacon is going to cost more than just your cholesterol.

When a rent hike's too much, who you gonna call?

Adik has leased a beauty salon in La Crescenta for 20 years. The rent is now going up 10%, and Adik wants to know whom to complain to.

Kosher foods maker Manischewitz sold to private equity firm

Manischewitz, the largest maker of matzo and other kosher foods, has been sold to Sankaty Advisors, a division of Bain Capital LLC, for an undisclosed amount, the two firms said Tuesday. 

Downtown L.A. condo prices surge 6% in March

Despite a boom of apartment building, the condo market in downtown Los Angeles remains tight as a drum. And that’s pushing up prices.

Cruise industry still facing sinking public perception, survey shows

The cruise industry has suffered a series of calamities over the last two years or so that have continued to sink its already plummeting image.

Universal Studios Hollywood to add 'Fast and Furious' attraction

Universal Studios Hollywood is putting the pedal to the metal on a new attraction based on the popular "Fast and Furious" movie series.

More Southern Californians expected to travel for spring break

Gasoline prices may be on the rise but that is not going to keep Southern Californians homebound for spring break.

CVS Caremark to pay $20 million to settle SEC charges

CVS Caremark Corp., the country's second-largest pharmacy chain, has agreed to pay $20 million to settle charges that it misled investors and used improper accounting techniques to artificially boost its financial earnings, the U.S. Securities and Exchange Commission announced Tuesday. 

Number of stay-at-home mothers on the rise, study says

The percentage of mothers who stay home with their children is rising due to shifting demographics and a troubled job market.

KPMG auditor should get 3 years for insider trading, prosecutors say

Prosecutors want former KPMG auditing partner Scott London to serve three years in federal prison for giving confidential information about his firm’s clients to a friend, who used the tips to make more than $1 million in illegal stock-trading profits.

American Airlines revamps loyalty rewards program

Less than two months after Delta Airlines revamped its loyalty rewards program, American Airlines has announced loyalty program changes that offer breaks for some travelers but cut out some freebies for others.

Takeda, Eli Lilly must pay $9 billion in punitive damages over Actos

Drugmakers Takeda Pharmaceutical Co. and Eli Lilly & Co. were ordered to pay a total of $9 billion in punitive damages after a Louisiana jury decided the companies did not disclose cancer risks of their diabetes medicine Actos.

Women's employment resilient during recessions, analysis finds

Women's employment during economic recessions is more resilient than men's, even expanding during previous recessions, according to a new analysis by a U.S. Bureau of Labor Statistics economist.

KFC parent Yum launches Chick-fil-A chicken competitor Super Chix

In a small city near Fort Worth, KFC parent Yum Brands Inc. is readying to launch an assault on Chick-fil-A, a top top-selling chicken chain in the country.

IMF says global economic recovery is strengthening

WASHINGTON -- Global economic growth should gain momentum this year, with the U.S. leading the way among developed countries and some long-depressed southern Eurozone economies finally turning the corner, says the International Monetary Fund.

Small-business optimism rebounds as winter ends, survey finds

WASHINGTON -- Small-business owners were more optimistic about the economy last month and expected sales to increase as a winter marked by severe weather ended, according to survey results released Tuesday.

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