Jiffy Lube settlement eyed to end class actions nationwide
Oklahoma judge poised to approve a settlement resetting surcharges on oil changes. Nine pending cases from California to New Jersey would close, with $2.75 million split among three law firms and some customers receiving $5 off next oil change. Some attorneys challenge the deal as insufficient.
MENTIONED IN THIS ARTICLE
Oklahoma
Jiffy Lube International Inc
California
New Jersey
New York
Jiffy Lube
Tahlequah
Okla
Sprint to cut 700 jobs in business solutions unit
Sprint Corp plans 700 job cuts in its business solutions division in Overland Park Kansas as it stops selling business long distance outside package deals. The cutbacks amount to 7.8 percent of the unit’s workforce and a pre tax charge will reflect a decline in long distance assets. Most cuts will come from sales and support.
MENTIONED IN THIS ARTICLE
Overland Park, Kan
Sprint Corp
Overland Park
Delta Air Lines Faces Deepening Losses and Time Crunch
Delta Air Lines reports widening losses for the third quarter amid lower domestic yields, higher fuel costs, pension spikes, and one time charges. The company cautions only weeks remain to avoid bankruptcy, guiding for a net loss around 625 to 675 million dollars.
MENTIONED IN THIS ARTICLE
Atlanta
Delta Air Lines Inc
Securities and Exchange Commission
Delta
Shoppers spur retail surge as September gains lead
Retail sales jumped 1.5 percent in September led by autos and electronics, signaling consumer spending resilience despite high oil prices. Industrial production rose 0.1 percent in September, pressured by hurricanes impacting oil, gas, refining, and chemical output.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Alan Greenspan
Rosalind Wells
National Retail Federation
Fed
Ken Mayland
ClearView Economics
Crude price hits record on heating oil squeeze
Crude oil futures surged to a record 54.93 a barrel on the NYMEX as heating oil inventories sagged. Analysts cite momentum from Greenspan remarks and ongoing supply tightness from Gulf of Mexico recovery after Hurricane Ivan, with global demand remaining strong and inventories rising slowly.
MENTIONED IN THIS ARTICLE
NEW York
U.S
New York Mercantile Exchange
Gulf of Mexico
Fadel Gheit
Oppenheimer & Co
Fed
Alan Greenspan
Ghent
American Airlines Lifts International Fares Amid Fuel Costs
American Airlines raises international fares by 30 dollars per round trip, 15 dollars each way for Caribbean and Mexico flights, and 50 dollars round trip for Europe Asia and parts of South America, to offset higher Gulf Coast jet fuel prices. Higher fuel costs cited by the Department of Energy and competition from low fare carriers shape the move impacting travel out of the United States.
MENTIONED IN THIS ARTICLE
Caribbean
Mexico
Central America
South America
Europe
Asia
Argentina
Brazil
Chile
Paraguay
Uruguay
Also Mentioned on This Page
Business News
Raunpup
Coca-Cola
Pepsi- Cola
Food and Drug Administration
Food and Drink Companies
Sprint
US Airways
Alexandria
US Airways Group Inc
Stephen Mitchell
Mitchell
Commerce Department
Department of Commerce
Ghetto
Iran
Munro OF America
Santa FE Square
Odessa
Santa FE
Janice Grah
Upward Rpbasketball
Peetace
Second Baptist Church
E. 17Th St
Yves ST. Clair
Orig
Sale
Ery
Lhildds
Eta
Len
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