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Lumber Liquidators CEO makes surprising admission
During a Thursday morning conference call, Lumber Liquidators CEO Rob Lynch responded to a “60 Minutes” report that exposed excessive levels of cancer-causing formaldehyde in the glue used to bind the company’s wood. Lynch admitted preliminary tests had revealed high levels of form
Expect a Big Stock Selloff in the Fall?
Aug. 7 (Bloomberg) — “Gloom, Boom and Doom Report” Editor and Publisher Marc Faber discusses his forecast for U.S. stocks with Trish Regan on “Street Smart.” (Source: Bloomberg)
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FAA Proposes To Fine Southwest Airlines $12M
The government is proposing a $12 million civil fine against Southwest Airlines for failing to comply in three separate cases with safety regulations related to repairs on Boeing 737 jetliners.
The Federal Aviation Administration said Monday that beginning in 2006 Southwest made “extreme makeo
Will investment in hydrogen-powered cars pay off?
After spending more than a decade and billions of dollars on developing zero-emission hydrogen fuel cell vehicles, carmakers are planning to release their models in California. But despite the state’s large demand for cars and tough air quality standards, California lacks a network of fueling
Bill Ackman's Pershing Square Is Going Public
Aug. 12 (Bloomberg) –- Bill Ackman’s Pershing Square Holdings will conduct an IPO later this year. Bloomberg’s Erik Schatzker and Alix Steel report on “Market Makers.” (Source: Bloomberg)
The Buzz: Teens spend more on food than fashion
According to a recent survey, today’s teenagers are spending more of their cash on food and beverages, like coffee, than they are on clothing.
Troubled Red Lobster Chain Sells For $2.1B
Darden Restaurants sold Red Lobster to private equity firm Golden Gate Capital. The move will allow Darden to focus on its Olive Garden brand.
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CNN http://money.cnn.com/2014/05/16/investing/darden-red-l
Big Banks to Cut Tens of Thousands of Jobs: Cassidy
April 14 (Bloomberg) — RBC Financial Analyst Gerard Cassidy and Grisanti Capital Management Co-Founder Christopher Grisanti discuss bank earnings and layoffs on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)
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Boats to Bugattis: Inside Monaco's Luxury Show
April 22 (Bloomberg) — It’s the world’s second smallest country, but Monaco punches well above it’s weight. The people who live there are used to the finer things in life, so it’sprobably no surprise that when it runs a trade show, it attracts some of the biggest names
