On Monday the Federal Aviation Administration (F. A. A.) said that it plans to charge a fine to Southwest Airlines. The amount would be close to $12 million which will be a fine for repair violations that were allegedly done on some of its Boeing 737 jets. The F. A. A cited some faulty repairs that the airline had done since the year 2006.
On Tuesday a study from the Urban Institute that analyzed the credit files of about 7 million Americans said that more than one third of people in the U. S are in trouble s soon as the issue boils down to paying their debts on time. It says that 35 percent of American citizens have debt in collections.
Alan C. 'Ace' Greenberg died on Friday at Mount Sinai Hospital in New York due to complications arising from cancer. He was 86.
He was the one to transform a insignificant bond shop into the fifth-largest U. S. securities firm as a chief executive officer of Bear Stearns Cos. The form collapsed in 2008 as a result of one of the major events of the global credit crisis.
Shanghai Husi a subsidiary of OSI Group of U. S based in Aurora has recently been the focus of major scandal related to food safety. The concern spread from China to Hong Kong and further to Japan. The allegations against it were that the supplier was supplying mixed meat products that some of which were fresh and some were expired.
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