Archive for the ‘National/International News’ Category

Fed-up JetBlue attendant pleads guilty, avoids jail

by Associated Press Published: October 20,2010

Tags: JetBlue

NEW YORK — The fed-up flight attendant who waved goodbye to his career in a spectacular exit down an emergency chute made a soft landing in court Tuesday. Steven Slater, 38, avoided jail under a plea bargain that requires him to undergo counseling and substance-abuse treatment for at least a year. He must also pay […] [...]

Dow drops below 11,000 as dollar rebounds

by Associated Press Published: October 19,2010

Tags: dow jones

NEW YORK — A stronger dollar and a surprise interest rate hike in China that may slow that country’s economy helped push stocks sharply lower Tuesday. The Dow Jones industrial average fell below 11,000 for the first time in a little more than a week, reversing a streak that had pushed the index up nearly […] [...]

UnitedHealth’s 3Q profit rises 23 percent

by Associated Press Published: October 19,2010

Tags: UnitedHealth Group

INDIANAPOLIS — Insurer UnitedHealth Group Inc. said Tuesday its third-quarter profit jumped 23 percent, propelled in part by premium growth, enrollment gains and moderate health care use. The Minnetonka, Minn., managed care company also raised its 2010 profit expectation for the second time this year. It now expects earnings per share to range from $3.85 […] [...]

Goldman Sachs earns $1.74B, easily tops forecasts

by Associated Press Published: October 19,2010

Tags: Goldman Sachs

NEW YORK — Goldman Sachs Group Inc.’s earnings easily beat analysts’ forecasts again, but the bank saw a big slowdown in trading, its most profitable business. Net income after paying preferred dividends fell 43 percent from the year-ago period as revenue in the bank’s bond, currency and commodities trading division fell sharply. Goldman Sachs’ income […] [...]

JetBlue attendant who ‘went postal’ due for hearing

by Associated Press Published: October 19,2010

Tags: JetBlue Airways Corp.

NEW YORK – The former flight attendant whose famous New York City meltdown landed him in court is scheduled for another hearing and may avoid jail time. Steven Slater was scheduled for a hearing Tuesday. He’s charged with criminal mischief, reckless endangerment and trespassing. The incident occurred Aug. 9 aboard a JetBlue Airways Corp. flight […] [...]

Stocks climb after Citigroup tops forecasts

by Associated Press Published: October 18,2010

Tags: Citigroup, dow jones, stock market

NEW YORK – An upbeat start to a busy week of earnings pushed stocks higher Monday. Citigroup Inc.’s better-than-expected results drove financial stocks higher, putting an end to a recent slide. The Dow Jones industrial average rose 36 points in midday trading. Citigroup said fewer of its customers defaulted on loans, an encouraging sign that […] [...]

Oil prices higher as stock markets rise

by Associated Press Published: October 18,2010

Tags: Oil, stock market

NEW YORK – Oil prices on Monday bounced back above $82 a barrel, as stocks rose on encouraging earnings reports. Benchmark crude for November delivery rose $1.25 to $82.50 a barrel on the New York Mercantile Exchange. At the pump, gas prices leveled off at a national average of $2.832 for a gallon of regular, […] [...]

Citigroup earns $2.15B as failed loans decrease

by Associated Press Published: October 18,2010

Tags: Citigroup, foreclosures, real estate, stock market

NEW YORK – Citigroup Inc., one of the largest banks in the world, reported its third straight quarter of profit Monday in another sign that the American consumer is healing. The New York bank, which is still 12 percent owned by the government, earned $2.15 billion, or 7 cents per share, in the three months […] [...]

Calif. first to OK insurance exchange per health care reform

by Amy McCullough Published: October 18,2010

Tags: California, exchange plans, health care reform, medical

State exchange plans must be approved by Jan. 1, 2013 Source: amednews.com WASHINGTON — California has become the first state to create a health insurance marketplace as envisioned under the national health reform law. “Every state is going to have to have some sort of legislative action on this,” said Kansas Insurance Commissioner Sandy Praeger, […] [...]

Top 400 charities see billions less in donations

by Associated Press Published: October 17,2010

Tags: charities, Salvation Army, United Way

WASHINGTON — A new ranking of the nation’s 400 biggest charities shows donations dropped by 11 percent overall last year as the Great Recession ended – the worst decline in 20 years since the Chronicle of Philanthropy began keeping a tally. The Philanthropy 400 report to be released Monday shows such familiar names as the […] [...]

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