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Dell Adds 500 Engineering Jobs in Texas
AUSTIN, Texas - Texas Gov. Rick Perry got a chance to burnish his pro-business credentials Monday, when Dell Inc. Chairman Michael Dell appeared with him to tout the company's plans to hire 500 new engineers in Central Texas. Chairman Dell first announced the hiring last week while overseas. The company's Central Texas workforce will grow to about 18,500 once it's complete.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060925-000520-1243
 
Boeing, EADS to Compete for Air Force Tanker Deal
WASHINGTON - The U.S. Air Force wants a new tanker plane big enough to carry gas and cargo, the service said Monday as it released a draft request for bids. For now, the service is still leaning toward picking one company next year to design and build the new tankers. But Air Force leaders also are considering awarding a pair of design contracts if they can find money to extend the time that two teams are in the running. Two competitors are in the running: Boeing Co. and a team of Northrop Grumman Corp. and the European Aeronautic Defence and Space Co., parent company of Airbus. The new draft notice sketches out the tanker contest but plans won't be final until at least December, when the Air Force plans to release its final request for bids.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060925-000590-1426
 
Chrysler Considering 'Structural' Changes
DETROIT - Chrysler Group Chief Executive Tom LaSorda said Monday that the auto maker is considering "structural" changes as it deals with bloated inventories, production cuts and a third-quarter operating loss. Chrysler will cut third-quarter retail-vehicle production by 90,000 vehicles, or 24%, and second-half output by 16%. The auto maker surprised investors earlier this month by saying it would more than double its expected third-quarter operating loss to $1.5 billion. LaSorda, speaking Monday during an Automotive Press Association brunch, wasn't specific on what types of changes might be coming. The auto maker already is idling plants temporarily as it cuts production. He said North America is the most "cut-throat" market in the world and said the environment got more difficult as high gasoline prices weighed on the consumer.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060925-000504-1227
 
Health Insurance Premiums Have Smallest Increase Since 1999 but Are Twice the Inflation Rate
WASHINGTON - Workers won't find much comfort in the smallest increase in health insurance premiums since 1999. The 7.7 percent increase this year was still more than twice the rate of inflation. "To working people and business owners, a reduction in an already very high rate of increase just means you're still paying more," said Dr. Drew Altman, president and chief executive officer of the Kaiser Family Foundation, a health care research organization that annually tracks the cost of health insurance. Altman said the rising gap between premium growth and wages is particularly startling when one takes a longer look back. Since 2000, health insurance premiums have gone up 78 percent; wages 20 percent.
http://biz.yahoo.com/ap/060926/insurance_rising_premiums.html?.v=3
 
U.S. falls to 6th in world competitiveness
GENEVA - The United States fell to sixth place in the World Economic Forum's 2006 global competitiveness rankings, ceding the top place to Switzerland as macroeconomic concerns eroded prospects for the world's largest economy. In a report released Tuesday, the World Economic Forum said Washington's huge defense and homeland security spending commitments, plans to lower taxes further, and long-term potential costs from health care and pensions were creating worrisome fiscal strains.
http://money.cnn.com/2006/09/26/news/international/bc.economy.competitiveness.reut/index.htm
 
United Tech, Caterpillar Sued Over 401(k) Fees
LOS ANGELES - Lawsuits filed in four states accuse seven large companies of violating pension laws by allowing their employees to be overcharged by outside firms operating 401(k) retirement plans. The employees were charged millions of dollars in excessive management fees, which often were hidden in obscure agreements and not disclosed to the workers, according to attorney Jerome Schlichter, who filed the suits earlier this month in federal district courts in California, Connecticut, Illinois and Missouri.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060926-000749-1647
 
Intel CEO Talks Up New Processors
SAN FRANCISCO - Intel Corp. Chief Executive Paul Otellini said the company will ship a Core 2 Duo chip for high-performance personal computers in November. Speaking at the Intel Developers Forum in Dan Francisco, Otellini said the product, which will have four computing cores, will run 70% faster. Chips in today's personal computers have one or two core microprocessors, or computing brains. In the first quarter, Intel will release a Core 2 Quad in volumes for mainstream PCs.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060926-000543-1256
 
Northwest, Flight Attendants to Resume Talks
MINNEAPOLIS - Negotiations will resume Wednesday between Northwest Airlines Corp. and its flight attendants. Flight attendants have sought to stage random, unannounced walkouts after Northwest imposed pay cuts and work rule changes. Northwest made the changes with a bankruptcy judge's permission after flight attendants twice voted down negotiated agreements. Northwest has won court orders barring job actions, at least for now. The union has appealed.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060926-000651-1429
 
Microsoft Rushes Fix for Flaw in Explorer
NEW YORK - Microsoft Corp. is offering an early update to fix a flaw in its Internet Explorer browser that hackers can exploit to get control of a victim's computer. The software company said on its security Web site Tuesday that it was releasing a "critical security update" to address this flaw. The company generally issues patches monthly and the next one was scheduled for Oct. 10. It's unusual for the company to issue an early patch.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060926-000751-1648
 
E. Coli Spinach Traced to California Plant
SAN FRANCISCO - Test results linking two bags of Dole brand baby spinach to a deadly E. coli strain have helped health officials hone in on a specific batch from a San Juan Bautista, Calif., processing plant that may be the source of a nationwide outbreak. The investigation remains focused on Natural Selection Foods LLC, which officials believe packaged the tainted spinach for Dole and dozens of other brands. They're looking specifically at nine farms in three California counties that supplied the company with leafy greens. Both tainted bags - one found in Utah over the weekend and the other in New Mexico earlier last week - were processed during the same shift on Aug. 15 at Natural Selection's plant, said Dr. Kevin Reilly, deputy director of prevention services for the California Department of Health Services.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060926-000588-1332
 
See ya wacko!

AP
7-Eleven Dropping Venezuela-Backed Citgo
Wednesday September 27, 12:16 pm ET 7-Eleven Dropping Venezuela-Backed Citgo As Its Gasoline Supplier
DALLAS (AP) -- Convenience store operator 7-Eleven Inc. is dropping Venezuela-backed Citgo as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel. The retailer said Wednesday it will purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston-based Frontier Oil Corp.

http://biz.yahoo.com/ap/060927/7_eleven_citgo.html?.v=5
 
It's about damn time an American company did something. If you're gonna make money from a thieving oil glutton... better go American... like Valero. :nuts:
Way to go 7-11.
 
Fivetears said:
It's about damn time an American company did something. If you're gonna make money from a thieving oil glutton... better go American... like Valero. :nuts:
Way to go 7-11.
Click to expand...

Before you get to high on Valero, look at how much comes from outside:

http://www.eia.doe.gov/pub/oil_gas/...ompany_level_imports/current/summary2006.html

Valero is good for us San Antonio folks 'cause they are based here, but 31% of Valero's oil is from the "wrong" gulf. Did you see that 7-11 is considering going with Frontier? No "wrong" gulf oil - Way to go 7-11!
 
Did not know that. A close friend of mine routes tankers for Valero using his Blackberry from the golf course. I never thought to ask. He and his wife both work for Valero and purchased a half million dollar home in a gated community behind the Javalina Harley on I-10; I think the community is called Fair Oaks. Valero is good for me... in that I get lots of free BBQ & Beer. Yes, Valero is good for San Antonio. :D :nuts:
atcsat64 said:
Before you get to high on Valero, look at how much comes from outside:

http://www.eia.doe.gov/pub/oil_gas/...ompany_level_imports/current/summary2006.html

Valero is good for us San Antonio folks 'cause they are based here, but 31% of Valero's oil is from the "wrong" gulf. Did you see that 7-11 is considering going with Frontier? No "wrong" gulf oil - Way to go 7-11!
Click to expand...
 
Ford Motor Credit to slash one in four workers
DETROIT - Ford Motor Credit, the financial arm of Ford Motor Co., on Thursday said it would cut 2,000 jobs - almost a quarter of its staff in North America - and close branch offices in order to cut costs. Ford said the planned job cuts, which follow a similar program of cost cutting by Ford's loss-making auto operations, would be made through a combination of attrition, early retirements, voluntary separations and, if necessary, involuntary separations. Following a $1.44 billion loss in the first half of this year, the No. 2 U.S. automaker has been cutting both salaried and factory jobs as part of its second North American restructuring this year. Ford has cut 4,000 salaried jobs in its automotive operations already this year and has announced a plan to trim another 10,000 by the first quarter of 2007. Ford executives have repeatedly said the company has no plans to sell Ford Motor Credit.
http://money.cnn.com/2006/09/28/news/companies/ford.reut/index.htm
 
Wall Street profits may fall 23 pct in 2007: study
NEW YORK - Wall Street profits from U.S. operations may fall 23 percent next year as the economy slows, corporate earnings growth moderates and fees decline, a new study shows. Profit may fall "as revenue margin compression continues and slower growth in the economy and in corporate profits constrains activity in both primary and secondary securities markets.
http://news.yahoo.com/s/nm/20060928...LwZOif40ROyBhIF;_ylu=X3oDMTA0cDJlYmhvBHNlYwM-
 
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