Monthly Archives: December 2011

Verizon changes mind, cancels $2 payment fee

Written on December 30, 2011 by Editor - Technology News

Do you remember that story about Verizon adding a $2 fee to all online and phone payments (aside from autopay)? It is no more. Everyone in the world who isn’t a Verizon exec thought it was a lousy idea, and … Continue reading →

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Boeing wins $3.48 billion U.S. missile defense contract

Written on December 30, 2011 by Editor - Top News Stories

Fri Dec 30, 2011 5:24pm EST (Reuters) – Boeing Co beat out Lockheed Martin to retain its position as the prime contractor for the U.S. long-range missile shield, the Pentagon said on Friday. The U.S. Defense Department said it was … Continue reading →

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White House delaying debt ceiling request

Written on December 30, 2011 by Editor - Top News Stories

By Laura MacInnis HONOLULU | Fri Dec 30, 2011 4:11pm EST HONOLULU (Reuters) – President Barack Obama has agreed to delay submitting a debt ceiling increase request until next month to allow lawmakers time to consider it while they are … Continue reading →

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Verizon backtracks on $2 fee after customer outrage

Written on December 30, 2011 by Editor - Business News

By Sinead Carew NEW YORK | Fri Dec 30, 2011 5:00pm EST NEW YORK (Reuters) – Verizon Wireless has reversed its decision to charge a $2 fee for one-time telephone and online bill payments bowing to a storm of criticism … Continue reading →

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Third Kodak director resigns in a week

Written on December 30, 2011 by Editor - Business News

Fri Dec 30, 2011 5:20pm EST (Reuters) – The third director in a week has resigned from Kodak Co as the former film giant struggles to cope with the dominance of digital photography. Laura Tyson, a professor and former White … Continue reading →

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And you thought 2011 was tough?

Written on December 30, 2011 by Editor - Business News

By Edward Krudy NEW YORK | Fri Dec 30, 2011 4:06pm EST NEW YORK (Reuters) – Shaky Europe. Political gridlock. Volatile markets. Familiar themes for those who lived through 2011, and investors should be ready to revisit them next year. … Continue reading →

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Wall St back at Square One, with S&P flat in 2011

Written on December 30, 2011 by Editor - Business News

By Angela Moon NEW YORK | Fri Dec 30, 2011 4:50pm EST NEW YORK (Reuters) – For the U.S. stock market, 2011 was a long wild ride to nowhere. The broad SP 500 endured huge daily swings but a year … Continue reading →

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In a first, gas and other fuels are top US export

Written on December 30, 2011 by Editor - Finance Top Stories

NEW YORK (AP) — For the first time in at least 21 years, the top export of the world’s biggest gas guzzler, is — wait for it — fuel. Measured in dollars, the United States is on pace this year … Continue reading →

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Deep Gulf drilling thrives 18 mos. after BP spill

Written on December 30, 2011 by Editor - Finance Top Stories

ALAMINOS CANYON BLOCK 857, GULF OF MEXICO (AP) — Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean’s surface than ever before. These pipes, which run nearly … Continue reading →

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Stocks ending flat for year after big ups, downs

Written on December 30, 2011 by Editor - Finance Top Stories

NEW YORK (AP) — The stock market is ending a tumultuous year right where it started. The Standard Poor’s 500 index closed 2011 a fraction of a point below where it started the year. The SP closed at 1,257.60, up … Continue reading →

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