Independent News‘Business’ Archives
Cool: 4 million-page British newspaper archive online
People will now be able to search the ‘British Newspaper Archive’, which is made up of 4 million pages - containing articles from local and regional papers going back to 1700, for details about members of their family who may have been eminent in their local communities hundreds of years ago. [...]
Banks loaned $1.2 Trillion secretly in 2008 by Fed (pre-Obama)
Bloomberg Markets magazine reports in its January issue that the Federal Reserve gave U.S. banks secret loans that netted $13 billion of undisclosed income. The $1.2 trillion bailout in December of 2008—the largest in U.S. history—has been kept a secret by the Fed and big banks. Read more.
Black Friday Parking
For those looking to head downtown for your Black Friday shopping, you may be concerned about parking. You can spend you change at the stores because downtown metered and timed parking will not be enforced. The downtown parking managers need a day off too. “We will not enforce timed or metered [...]
Big Pharma pays huge fines for marketing practices
Last month I wrote about how Bayer used questionable marketing to target young women for its drug Zoloft. Yesterday American pharmaceutical company Merck, Sharp & Dohme agreed to pay $950 million to resolve criminal charges and civil claims related to its promotion and marketing of the painkiller [...]
Bus workers union releases grievances
Open letter to Escambia County Commissioners: Dear Commissioners - please see the attached grievances filed by ECAT employees just in recent days. Please note that the Union would be happy to provide the many many grievances filed in the past year against ECAT / Veolia Management if requested [...]
Hooray, BP is running more tourism ads
BP Press Release: BP announced today that it is expanding its Gulf Coast tourism advertising campaign with new ads highlighting this year’s successful tourism season debuting Monday, November 21st in broadcast markets around the country. The new television spot, titled “Best Season,” is [...]
Catholic Church buys Crystal Cathedral
An Orange County, Califorina bankruptcy judge ruled this week that the Crystal Cathedral, the one built by Rev. Robert Schuller, will be sold for $57.5 million to the Roman Catholic Diocese of Orange, which plans to consecrate it as a Catholic cathedral. Don't worry the 85-year-old Schuller can [...]
Blue Wahoos reveal logo
In front of a packed Palafox street, team owners Quint & Rishy Studer, Blue Wahoos President Bruce Baldwin, and Pensacola Mayor Ashton Hayward rolled out the new logos on ten-foot banners from the balcony of Elebash's jewelry store, as Blue Wahoo staff sold tee-shirts, sweatshirts and hats to [...]
Benetton unveils ad campaign with world leaders kissing (video)
Clothing company United Colors of Benetton unveils a controversial ad campaign featuring manipulated photographs of world leaders kissing. Source: Reuters
Morgan Stanley fined for lying – $3.3 million
The Securities and Exchange Commission today yesterday Morgan Stanley Investment Management with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they weren’t actually receiving from a third party. The SEC’s investigation [...]
Congress: Pizza is a vegetable
Center for Science in the Public Interest Policy Director Margo G. Wootan is upset that Congress wants pizza declared a vegetable in school cafeterias: It's a shame that Congress seems more interested in protecting industry than protecting children's health. At a time when child nutrition [...]
Postal Services has $5.1B loss FY 2011
USPS Press Release: he U.S. Postal Service ended its 2011 fiscal year (Oct. 1, 2010 – Sept. 30, 2011) with a net loss of $5.1 billion. The year-end loss would have been approximately $10.6 billion had it not been for passage of legislation that postponed a congressionally mandated payment of $5.5 [...]