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Air Canada Sued For Plane’s Plunge

TORONTO, (UPI) — Passengers injured when a co-pilot dozed, and then put a jetliner into a dive when he awoke, are suing Air Canada for $20 million, plaintiffs attorneys said. A Toronto law firm brought the lawsuit Monday, seeking class-action certification on behalf of 95 passengers injured when they were jolted while on Flight AC878 […]

Chrysler Recalls 119,000 Vehicles

AUBURN HILLS, Mich., (UPI) — U.S. automaker Chrysler Group said it is recalling 119,000 vehicles due to fuses that can overheat, which could cause brake problems. The recall involves 2011 and 2012 Chrysler 200 and Dodge Chargers. The fuse that could overheat is associated with the computer controller that operates electronic stability control systems and […]

U.S. Crops Outpace Long-Term Averages

WASHINGTON, (UPI) — U.S. farmers report 53 percent of corn acreage has been planted against a five-year average of 27 percent by this week of the year. Farmers report 15 percent of the crop has emerged, putting that ahead of the five-year average of 6 percent by this week of the year, the U.S. Department […]

Treasury To Put $5B Of AIG Stock On Market

WASHINGTON, (UPI) — The U.S. Treasury said it would put shares of American International Group on the market for $30.50 per share — a $5 billion sale. On Monday morning AIG shares were listed at $31.42 per share. Treasury officials said 63,934,426 common shares would be sold. The treasury, which invested $182 billion in bailout […]

Shareholders’ CEO Pay Complaints Welcomed

LONDON, (UPI) — British Business Secretary Vince Cable said he welcomed shareholder challenges to excessive pay for company executives. Cable said shareholders taking responsibility for communicating their opinions on pay to company board members was “exactly the way to deal with this issue.” Shareholders in Britain are poised to challenge excessive executive pay at a […]

Trading Volumes Limp Along Despite Upturn

NEW YORK, (UPI) — Data showing rising prices in U.S. stock markets have not increased trading volumes, which plummeted as the financial crisis took shape. Stock volumes dropped sharply after 2008, falling from a daily average of 12.1 billion to 6.5 billion in April this year, taking into account all U.S. markets or exchanges. Analysts […]

Crude Oil Prices Drop Under $99

NEW YORK, (UPI) — The price of crude oil in New York plunged Friday to less than $99 per barrel after a U.S. Labor Department report indicated the economic recovery had stalled. The U.S. economy added 115,000 jobs in April and the unemployment rate dropped from 8.2 percent to 8.1 percent. But the lower rate […]

Brewing Byproducts Used To Feed Cattle

BOULDER, Colo., (UPI) — Barley byproducts from Colorado’s booming craft-brewing industry are increasingly being used to supplement corn fed to cattle, officials say. Stephen Koontz, an agricultural economist at Colorado State University, said beer brewers and livestock feeders alike benefit, The Denver Post reported. “The distiller or brewer has a lot of byproduct,” Koontz said. […]

Unemployment At 8.1 Percent — If This Is Recovery, Where Are The Jobs?

No matter how the unemployment figures are spun, a lot of people still are out of work, some 12.3 million. The U.S. Labor Department’s Bureau of Labor Statistics released the April unemployment statistics Friday, showing they ticked down a notch to 8.1 percent — better than March’s 8.2 percent and much better than April 2011 […]

Buffett: Berkshire Will Stay On Course

OMAHA, (UPI) — Warren Buffett Saturday assured his stockholders in Omaha Berkshire Hathaway will not stray from its bedrock investment strategy once he steps down. Buffett, who recently announced he has prostate cancer, said at the company’s annual meeting his successor as chief executive officer also will have the responsibility of “chief risk officer” with […]


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