Ram Vilas Paswan warns of jail term for not reprinting revised MRP warns of jail term for not reprinting revised MRP on inventory
Consumer Affairs Minister Ram Vilas Paswan today warned of a fine of up to Rs 1 lakh, including a jail term, if new post GST rates are not printed on the inventory in the interest of consumers. Manufacturers have been allowed to clear the unsold stocks by September with new MRP. A committee of the consumer affairs ministry has been set up to address More...
Goldman Sachs Took Biggest Loan During Fed’s Emergency Program
WASHINGTON – Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according More...
Bank Of America’s $8.5 Billion Mortgage Settlement Challenged By Bondholders
NEW YORK (Jonathan Stempel) – A group of bondholders plans to challenge Bank of America Corp’s $8.5 billion settlement with holders in soured mortgage-backed securities, saying it may be unfair to other More...
Yankee Stadium ‘Service Fee’ Scheme Now Disclosed To Beer Drinkers
Back in May, a group of beer and food servers at Yankee Stadium sued the concession company they worked for, accusing Legends Hospitality of pocketing their hard-earned tips. Legends — which is co-owned by More...
WTO Rules China Unfairly Protected Domestic Manufacturers By Limiting Exports
GENEVA — The World Trade Organization ruled Tuesday that China was unfairly protecting its domestic manufacturers by limiting the export of nine raw materials that are used widely in steel, aluminum and chemical More...
Bill Clinton: Lower The Corporate Tax Rate For Debt-Ceiling Deal
As the deadline to strike a deal on the debt ceiling draws closer, former president Bill Clinton criticized the nation’s corporate tax rate over the weekend, saying it should be lowered as part of an agreement More...
We Knew They Got Raises. But This?
IT turns out that the good times are even better than we thought for American chief executives. A preliminary examination of executive pay in 2010, based on data available as of April 1, found that the paychecks More...
Detroit Auto Companies Struggle With Union Profit-Sharing Idea
DETROIT (Bernie Woodall) – Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in quality, posted its highest profits in a decade and rewarded patient More...
European Union Sending $14.5 Million In Food Aid To North Korea
Kim Jong II with European Union folks BRUSSELS — The European Union said Monday it will restart food aid to North Korea after the country’s repressive communist regime agreed to an unprecedented monitoring More...