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Game Over for ESPN Mobile Venture
LOS ANGELES - Walt Disney Co.'s ESPN division said Thursday that it would discontinue its Mobile ESPN wireless services, and will instead try to license its content through other carriers. The start-up cell phone company, which started operations earlier this year, never was able to compile enough customers for the service that specialized in selling phones that keyed in on offering sports content. ESPN met with too much competition from larger wireless firms. ESPN said it would try to market the content offered on the phones to larger wireless providers. The company said that although it was shutting down the phone service after a short tenure, it is now able to better sell the mobile operations.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20060928-001144-1740
 
The big drag on the 1.6% GDP was the housing sector, which fell almost 20% at an annual rate. The trade deficit shaved off 0.6 of a point. That's huge. We may be seeing the beginning of a decoupling of U.S. financial markets from the domestic economy.
 
Fivetears said:
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:
Click to expand...

Here in New York, a half a million dollar home is a fixer upper in a crime infested neighborhood.
 
I was talking about house; 1 each. 1/2 Mil. Valero treats them well, and I do enjoy the BBQ's. :)
Valero is good for San Antonio.
 
Another E.coli outbreak rattles California farmers :sick:
SAN FRANCISCO/OXNARD, California - California's farming industry is girding for another potential black eye after a second outbreak this year of a potentially deadly E. coli strain linked to its crops. Green onions served in Taco Bell restaurants are suspected as the source of dozens of illnesses in the Eastern United States and the fast-food chain has called for an industry review of the produce supply chain stretching to California. The onions came from the seaside region around Oxnard in Southern California. The small city on the edge of the greater Los Angeles area is surrounded by acres and acres of strawberry farms and fields growing onions, lettuce and other crops.
http://news.yahoo.com/s/nm/20061210/bs_nm/ecoli_california_dc_1
 
After the President signs the bill the USPS will be an official business. Anybody got a opening in another Agency? :(

http://www.govexec.com/dailyfed/1206/121006cd2.htm

See bill here.

House, Senate pass landmark postal reform measure

From CongressDaily

By voice votes in both chambers, the Senate and House approved legislation overhauling the U.S. Postal Service's rate-making operation and retirement program in the final hours of this year's session.
House Government Reform Committee Chairman Tom Davis, R-Va., and ranking member Henry Waxman, D-Calif., drafted the legislation to help satisfy Senate objections to the bills originally passed, particularly in ensuring that a new rate cap will not allow the Postal Service from raising its rates by more than the rate of inflation over the next decade.
"As part of the reform, the legislation updates the Postal Service's antiquated, costly regulatory system, toughens oversight, and allows the Postal Service to both act and compete as a modern business," said Rep. John McHugh, R-N.Y., one of the key legislators pushing the bill.
One major element of the bill is that the Postal Service will be relieved from paying retirement benefits earned by its employees during the years they were in military service. Those costs will be paid by the Treasury, lifting a burden that could have contributed to higher postal costs.
"This, combined with release of escrow funds, will be used for retiree health benefits," said Postmaster General John Potter in a statement. "After working for more than a decade to ensure that the U.S. Postal Service has the tools it needs for the 21st century, we applaud today's efforts and urge the president to quickly sign the measure into law," added Direct Marketing Association President and CEO John Greco Jr.
 
UPS says it is offering voluntary buyouts to 650 workers
CHICAGO - United Parcel Service Inc. said on Monday it was offering voluntary buyout packages to 650 employees. UPS, the world's largest package delivery company characterized the move as the latest part of its ongoing effort to "eliminate redundant positions." The company said the impact of the buyouts on its finances would not be known until after January 29, 2007, when the buyout offer's election period expires.
http://news.yahoo.com/s/nm/20061211/bs_nm/ups_workers_dc_1
 
DaimlerChrysler warns of N. American layoffs
DETROIT - DaimlerChrysler could lay off up to 16 percent of the workers in its North American truck operations next year due to an expected downturn in demand, the head of the automaker's truck operations said on Monday. Andreas Renschler, a member of DaimlerChrysler's board of management, also said Chrysler Group's Chief Executive Tom LaSorda has the board's backing, as the company's U.S. unit readies a turnaround plan intended to address swollen inventories and a drop in sales of almost 8 percent this year. Renschler said the potential for up to 4,000 job cuts in the truck operations would include 800 layoffs that have already been announced and that will take effect in March.
http://news.yahoo.com/s/nm/20061211/bs_nm/daimlerchrysler_dc_3
 
Krispy Kreme Doughnuts sees Q3 loss
Krispy Kreme Doughnuts Inc. said it expects to post a net loss in third quarter of fiscal 2007, as substantial costs associated with legal and regulatory matters continue to hurt its results. In a statement, the company also added that systemwide sales would fall about 9 percent in the third quarter, compared with the same quarter in 2006, due to about a 17 percent decrease in the number of factory stores to 293. In a SEC filing, Krispy Kreme said it was unable to finalize its quarterly report for the third quarter of fiscal 2007, before the filing deadline of December 8, 2006.
http://news.yahoo.com/s/nm/20061211/bs_nm/krispykremedoughnuts_outlook_dc_1
 
DuPont cutting 1,500 jobs; raises Q4 outlook
WILMINGTON, Del. — Chemicals maker DuPont said Monday that it will cut 1,500 jobs and consolidate manufacturing in its seeds unit to lower operating costs by $100 million a year. DuPont expects to book a related $200 million pretax charge in the fourth quarter to cover the restructuring. In a separate announcement, the company sharply increased its fourth-quarter earnings target to reflect a series of tax gains that will more than offset the restructuring charges.
http://www.usatoday.com/money/industries/manufacturing/2006-12-11-dupont-cuts_x.htm
 
GM To Invest $225 Million In Spring Hill, Tenn. Plant
General Motors Corp. plans to invest about $225 million in its Spring Hill, Tenn., manufacturing complex to renovate the plant's paint shop in preparation for future vehicle production. The investment is contingent on securing incentives from the state of Tennessee, the Detroit-based automaker said. The plant will be idled for several months for renovations, beginning in April 2007. The company is finalizing the timing of when the hourly workforce will be called back to work and when production will resume.
http://foxnews.smartmoney.com/bn/ON/index.cfm?story=ON-20061211-000612-1429
 
U.S. investigating Samsung, LG.Philips
SEOUL - Samsung Electronics Co. Ltd. is being investigated by fair trade watchdogs in South Korea, Japan and the United States, the second Korean flat screen maker named in a probe into possible price-fixing, a news agency report said on Tuesday. The report, from South Korea's Yonhap news agency, follows a disclosure by LG.Philips LCD Co. Ltd. on Monday that it was the target of an investigation by the Korean Fair Trade Commission (KFTC), the Japanese Fair Trade Commission (JFTC) and had received a subpoena from the U.S. Department of Justice. LG.Philips, a joint venture between LG Electronics Inc. and Philips Electronics, vowed to fully cooperate with authorities. Yonhap cited unnamed regulatory and industry sources in reporting local antitrust authorities were also looking into possible collusion by Samsung and LG.Philips to fix the prices of LCD products and control their supply. A KFTC spokesman said he had no knowledge of the investigations. Calls to Samsung Electronics were not immediately returned. Late on Monday, a KFTC spokesman said the probe was being conducted by the Cartel Investigation Group.
http://news.yahoo.com/s/nm/20061212/bs_nm/lgphilips_samsung_investigation_dc_1
 
Qantas takeover offer seen as early as Wednesday
MELBOURNE - Qantas Airways Ltd., Australia's top airline, is expected to announce a takeover offer of around A$10.9 billion (US$8.55 billion) from a consortium led by Macquarie Bank Ltd. this week, possibly as early as Wednesday, sources said. Shareholders have been waiting for the offer since the carrier confirmed nearly two weeks ago that it had received a buyout approach from a consortium that includes Macquarie and private equity firm Texas Pacific Group. Two people close to the transaction said a bid was unlikely to be announced on Tuesday, but was not far away. A source close to Qantas said the ball was in the acquirer's court.
http://news.yahoo.com/s/nm/20061212/bs_nm/qantas_takeover_dc_1
 
Taco Bell Tries to Persuade Customers That Its Food Is Safe After E. Coli Outbreak
LOS ANGELES - Taco Bell Corp. launched a newspaper ad blitz and sent its president on a string of media interviews Tuesday to persuade customers that its food is safe - even as the cause of the E. coli outbreak linked to the fast-food chain remained a mystery. In an open letter to customers published in USA Today, The New York Times and other newspapers, Taco Bell President Greg Creed said he would support the creation of a coalition of food suppliers, competitors, government and other experts to explore ways to safeguard the food supply chain and public health. The executive underscored that mantra in media interviews, telling Associated Press Television that he had assured his daughter, a college freshman in New York, and her friends that Taco Bell food is safe. "I can assure you, I would not tell my daughter that unless I absolutely believed it," Creed said.
http://biz.yahoo.com/ap/061212/e_coli_outbreak_taco_bell.html?.v=3

Man... I feel soooooo much better now. :sick:
 
Government Appeals Ruling That Would Force Change in Nation's Currency
WASHINGTON - The Bush administration on Tuesday asked an appeals court to overturn a ruling that would require a redesign of the nation's currency to help the blind. The appeal was filed with the U.S. Court of Appeals for the District of Columbia Circuit by Justice Department lawyers on behalf of Treasury Secretary Henry Paulson. The appeal seeks to overturn a ruling last month by U.S. District Judge James Robertson who ordered Treasury to come up with ways for the blind to tell the difference between different denominations of paper currency.
http://biz.yahoo.com/ap/061212/blind_money.html?.v=5
 
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