Home » Business
Airplanes and Airlines to be filled to Capacity this Summer
Airlines for America, an industry trade group for U.S. based airlines, announced that nearly 209 million people in the U.S. will fly an American based airline this summer. That figure represents an increase of 1% over last year’s travelers. The average plane during the peak summer months will be over 87% full, the group announced.
The trade group said airports and airplanes would be nearly full making...
Eight-nine charged by Federal Officials in Multi-million dollar Medicare Fraud
Federal officials announced on Tuesday that 89 people had been charged in a major crackdown in healthcare fraud across the U.S. Included in those charged are 14 nurses and doctors for their roles in a number of scams relating to Medicare that bilked more than $223 million from taxpayers through fake charges.
Some participants allegedly acted as doctors and wrote out fake prescriptions for medication...
Natural Gas Exports could increase under Obama
Natural gas production in the U.S is setting new records annually. Times of surging prices because of shortages are a thing of the past and talk now is about how much of the natural resource should be exported.
Just a couple of years ago, exporting would have been unthinkable as demand far exceed supply, but today the exporting of liquefied natural gas is thought of as a means for help the country’s...
First Quarterly Profit in Five Years for Sony
Sony Corp the electronics giant based in Tokyo, announced its earnings for its fiscal fourth quarter on Thursday. The company said it had achieved a profit during the quarter for the first time in close to five years, aided by the one-time gains from office buildings and shareholding sales.
The profit by Sony for the past three months reverses a large loss sustained during the same quarter 12 months...
Profits Triple at Toyota
On Wednesday, Toyota announced that its net profit for a full year had tripled to end at $9.7 billion. Cost cutting and a weak yen helped to inflate the Japanese and world’s largest automaker’s bottom line.
The automaker giant also announced it was headed towards another huge profit for its current fiscal year, which underscored the recovery amongst Japan’s largest automakers following the earthquake...
Suicide Rates Spikes Sharply for People Between 35 and 64
In the U.S., the rate of suicide amongst people that are middle-aged has jumped by more than 28% of the past 10 years. During that period the country has suffered a mortgage crisis and a deep recession, said government analysts Thursday.
The trend showed up the most among white women and men who are middle-aged. The rate of suicide for that groups increased by more than 40% between the years 1999 and...
Earnings up for Facebook First Quarter
During the first quarter of 2013, sales at Facebook were up 38%, boosted in part by its ad business for mobile devices.
Investors today are focused on mobile and Facebook said it is key to the future success of the company. Mobile ad sales for Facebook accounted for nearly 30% of its total revenue from advertising during the first three months of 2013. Those results are up sharply over the last two...
Earnings Plunge at Chrysler
Chrysler Groups announced its earnings for the first quarter were $166 million, which was down over 65%. Revenue was $15.4 billion, which was down 6%.
Chrysler announced that the first quarter was affected negatively by reduced shipments of vehicles that were a result of launches of the Ram trucks for 2013 and the Jeep Grand Cherokee for 2014, along with preparations for the launch in the second quarter...