Business News for Monday February 28, 2011

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AA fined for travel voucher fees WASHINGTON (UPI) -- U.S. regulators said Monday they fined American Airlines $90,000 for failing to disclose a $30 fee applied to travel vouchers. The vouchers were given to passengers who voluntarily gave up seats when a flight was overbooked, the Department of Transportation said. Travelers found after they had accepted the vouchers that a $30 fee was imposed if they tried to redeem them. Passengers were also not told the vouchers could not be redeemed on American ... Continue Reading... Post a Comment | Share | Print Iron ore prices weigh on steelmakers BEIJING (UPI) -- Iron ore prices are expected to rise sharply in the second quarter of 2011 as demand for steel in China rises, a commodities analyst said. Colin Hamilton, a commodities analyst at Macquarie, said this year promises to be "phenomenal for the miners," The Financial Times reported Monday. With contract prices set on the last day of the month, Guilherme Cavalcanti, the chief financial officer of mining conglomerate Vale, said, "This is the greatest moment for ... Continue Reading... Post a Comment | Share | Print 3M head calls Obama 'Robin Hood-esque' ST. PAUL, Minn. (UPI) -- 3M Chief Executive Officer George Buckley called President Barack Obama "anti-business," warning regulations and taxes would drive companies abroad. "I judge people by their feet, not their mouth," Buckley told the Financial Times in an interview. "We know what his instincts are. They are Robin Hood-esque. He is anti-business." "There is a sense among companies that this is a difficult place to do business. It's about regulation, taxation, ... Continue Reading... Post a Comment | Share | Print Advertisement Free Beauty Product Samples - Makeup, Lotions, and More! RETIRE IN 24 MONTHS- Monthly Income Forever- Check Out Our Website Markets turn mixed Monday NEW YORK (UPI) -- U.S. markets turned mixed Monday afternoon after the Commerce Department said consumer spending rose just 0.2 percent in January. Consumer spending rose less than expected and the 0.7 percent increase for December was revised to 0.5 percent. The Commerce Department said incomes rose 1 percent in the month. An increase was expected, as a federal payroll tax break took effect in January. On Wall Street, the Dow Jones industrial average added 42.84 points or... Continue Reading... Post a Comment | Share | Print     More Headlines • Groupon now GaoPeng.com in China • Economists say fighting inflation crucial • Growth forecast at 9 percent in India • Markets track higher Monday • Pending home sales decline slightly     More News From ArcaMax Current News Entertainment News Business News Sports Political News Weird News Religious News Lifestyles

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