Caterpillar Offers Early Retirement to 2000 Workers
Caterpillar Inc. announced a voluntary early retirement package for about 2,000 production workers in Illinois Colorado Tennessee and Pennsylvania amid weak demand and a global downturn. Eligibility depends on age and service with further cuts possible. President Obama said Caterpillar may rehire workers if Congress passes a stimulus bill.
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Caterpillar Inc
Illinois
Colorado
Tennessee
Pennsylvania
Caterpillar
Aurora
Decatur
East Peoria
Ill
Barack Obama
Virginia
Congress
Jim Owens
Obama
Peoria
Hyundai gains sales as assurances soften job fears at Chicago Auto Show
Hyundai Motor Co. posted a 14 percent January sales rise while overall U.S. auto sales fell 37 percent. Hyundai credit goes to the Hyundai Assurance program offering returns if buyers lose jobs, plus a stronger lineup from Accent to Genesis and favorable media endorsements.
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John Krafcik
Hyundai Motor America
Chicago
Hyundai
Hyundai Motor Co
U.S
Hyun
Dai Motor America
Economic Times
Krafcik
Consumer Reports Magazine
Dish Network CEO weighs Sirius XM takeover challenge
Charlie Ergen, head of Dish Network and EchoStar, considers restructuring Sirius XM debt and injecting funds to gain control as Sirius faces bankruptcy risk amid debt payments and weak auto sales. Mel Karmazin leads Sirius while analysts warn on bankruptcy odds.
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New York
Sirius XM Radio Inc
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Dish Network Corp
EchoStar Corp
Sirius
Satellite Radio
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Viacom Inc
Ergen
Sanford Bernstein
Craig Moffett
Cabo Grill Closes After Weekend Shooting at Westdale Mall
Cabo Grill in Cedar Rapids abruptly shuts its doors after a weekend shooting at the Westdale Mall site. An anonymous bartender confirms the closure due to poor business. police investigate with no injuries reported.
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Cabo Grill
C.R
Wit Gazette Cabo Grill
Westdale Mall
Kory Nanke
Cedar Rapids
Bishop’s Buffet
Westdale
Crazy Delicious
David.dewitte
Gazcomm.com
FBI may shift counterterror agents to anti fraud cases
FBI Deputy Director John Pistole signaled possible redeployment of counterterrorism agents to mortgage and corporate fraud probes as the bureau seeks to expand financial fraud investigations. He cited 530 active corporate fraud cases and over 1,800 open mortgage fraud investigations amid the credit crisis.
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FBI
Washington
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Senate Judiciary Committee
Pistole
Congress
Gate
Neil Barofsky
Wall Street
Senate Democrats
Patrick Leahy
D-Vt
Justice Department
Leahy
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