American Airlines has saved $2.1 billion since 2006, thanks to two congressional measures that allowed it to reduce contributions to its pension plans. The company said it would make up any shortfall later.
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washingtonpost.com - Business (10 unread)
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American Airlines’ plan for pension bailout draws criticism
Posted: February 3rd, 2012, 8:31pm EST by Steven Mufson
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SEC fills spot on accounting oversight board
Posted: February 3rd, 2012, 8:20pm EST by David S. Hilzenrath
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The Securities and Exchange Commission on Friday named an official at the Government Accountability Office, Jeanette M. Franzel, to serve as a watchdog over corporate audits, filling a potentially pivotal seat on an oversight board that was created in the aftermath of the Enron and WorldCom accounting scandals.
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Susan G. Komen foundation revises policy that barred Planned Parenthood funding
Posted: February 3rd, 2012, 8:20pm EST by Sarah Kliff, N.C. Aizenman
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Caught in a maelstrom of public reaction to its decision to cease funding Planned Parenthood, the Susan G. Komen for the Cure foundation announced Friday that it would reverse course.
Komen will no longer bar organizations that are under government investigation from applying for grants. As a result, Planned Parenthood — which is the focus of a House probe over whether it has used federal funds to pay for abortions — will once more be eligible for Komen grants.
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New York sues Reston firm over foreclosure documents
Posted: February 3rd, 2012, 8:15pm EST by Brady Dennis
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New York Attorney General Eric Schneiderman sued a handful of the nation’s largest banks Friday, claiming they deceived homeowners and court officials by filing flawed and fraudulent foreclosure documents through a popular electronic mortgage registry.
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Apple, with iPad, is top PC maker
Posted: February 3rd, 2012, 3:16pm EST by Hayley Tsukayama
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The largest PC maker in the world is — Apple?
Hard to believe, maybe, but according to the latest analysis from Canalys, the Cupertino, Calif.-based company shipped 120 million PCs last year, if you include the iPad.
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2012 Mini Cooper John Cooper Works Coupe: A Mini built for the track
Posted: February 3rd, 2012, 1:07pm EST by Warren Brown
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It was fun, but wanting — the motorized equivalent of a last fling. At the end of the journey, I knew we were done.
Infatuation and fantasy wear thin with real-road experience, particularly when you are driving several hundred miles in a speedster as tiny as the 2012 Mini Cooper John Cooper Works Coupe.
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What’s going on with...the Shrimp Boat restaurant?
Posted: February 3rd, 2012, 10:30am EST by Jonathan O'Connell
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It’s called the Shrimp Boat restaurant and if you’ve ever driven out of Capitol Hill on East Capitol Street you’ve seen it sailing toward you — paint peeling, windows mostly shuttered and a seaweed green awning that looks like it could collapse at any moment.
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Entrepreneurs and small business owners work their ‘side hustles’
Posted: February 3rd, 2012, 10:09am EST by Chris L. Jenkins
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One is a local crafter who specializes in hand made baby clothes. Another is a state department employee by day and talent agent on the side. A third is the director of a local non-profit that teaches health and wellness to Ward 8 residents.
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David Choe’s Facebook friends react to his IPO windfall
Posted: February 3rd, 2012, 9:32am EST by Maura Judkis
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David Choe became the art world’s newest millionaire this week, thanks to his wise decision to take Facebook stock in exchange for the murals he painted in the company’s headquarters in 2005, despite believing at the time that Facebook wa s “ridiculous.”
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President Obama’s claim that some wanted to let the auto industry die
Posted: February 3rd, 2012, 6:02am EST by Glenn Kessler
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“It’s good to remember that the fact that there were some folks who were willing to let this industry die. Because of folks coming together, we are now back in a place where we can compete with any car company in the world.”
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