CHANGE MY LOCATION
Business and Finance
Business News
Bush, allies seek to calm jittery investors- President Bush and the world's financial leaders staged repeated displays of unity Saturday to combat an unfolding credit crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.
- After consulting with Barack Obama, Democratic leaders are likely to call Congress back to work after the election in hopes of passing legislation that would include extended jobless benefits, money for food stamps and possibly a tax rebate, officials said Saturday.
- Hundreds of terrified Christian families have fled Mosul to escape extremist attacks that have increased despite months of U.S. and Iraqi military operations to secure the northern Iraqi city, political and religious officials said Saturday.
Rep. Lewis says McCain 'sowing seeds of hatred'- Rep. John Lewis, a Georgia Democrat and veteran of the civil rights movement, says the negative tone of the Republican presidential campaign reminds him of the hateful atmosphere that segregationist Gov. George Wallace fostered in Alabama in the 1960s.
- National forests and parks - long popular with Mexican marijuana-growing cartels - have become home to some of the most polluted pockets of wilderness in America because of the toxic chemicals needed to eke lucrative harvests from rocky mountainsides, federal officials said.
- For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts.
Lisa Marie Presley gives birth to twins- Lisa Marie Presley is a mom again. A publicist says the 40-year-old singer gave birth Tuesday to twin girls, whose names were not released. One baby weighed 5 pounds, 15 ounces and the other came in at 5 pounds and 2 ounces.
Kenya's elephants send text messages to rangers- The text message from the elephant flashed across Richard Lesowapir's screen: Kimani was heading for neighboring farms.
McCoy, No. 5 Longhorns upset No. 1 Sooners 45-35- The Texas Longhorns came into their annual showdown against the Oklahoma Sooners with a quarterback they could trust and a defense playing great under an aggressive new coordinator. Yet even after five solid wins, coach Mack Brown still wondered how good they were.
Machinists Slam Tanker Accounting Error
WASHINGTON
(Map)
-
"This process has been deeply flawed from the beginning," said IAM General Vice President
The Air Force this week admitted it miscalculated the life-cycle costs of operating Boeing's refueling tanker by at least
Additionally, the Air Force said earlier this year that it was not required to consider the employment impact of outsourcing such a large defense contract.
"We need to decide as a nation if billions in taxpayer dollars should be used to support job creation programs overseas while this country slips deeper into recession," said Michalski.
The IAM has led a sustained grassroots effort to overturn the tanker award, with members in all 50 states contacting lawmakers and urging an investigation of the process that resulted in the Airbus design being chosen over one based on Boeing's 767, a model with more than 10 million hours of commercial flying time.
The International Association of Machinists and Aerospace Workers represents nearly 720,000 members including 35,000 Boeing employees at locations across the country.
|
|
More Business_and_Finance Releases
(ERJ): Embraer-Empresa Brasileira De Aeronautica S.A. Market Announcement
(MGPI): Union Local Accepts Labor Agreement Reinstatement Offer at MGP Ingredients, Inc. Atchison, Kan., Plant
