OverTheLimit

Your Daily Dose Of Over The Top News

Entries Tagged as 'Business'

Chrysler Recall of Over 24,000 Vehicles with Defective Brakes

January 19th, 2010 · No Comments

Chrysler Group has recalled over 24,000 vehicles because of defects in the brakes. A defective part could cause sudden brake failure. No known accidents or brake failures have occurred as of yet.
The Chrysler recall is for the following makes and models: 2009 and 2010 Dodge Ram Truck; 2010 Dodge Avenger sedans; 2010 Jeep Liberty; 2010 [...]

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Tags: Business

Top executive of AIG receives 4.3 million bonus

December 23rd, 2009 · No Comments

A top executive of AIG received an increase in bonus of 4.3 million (3 million euros), accepted by the majority shareholder, who is now the state.
The U.S. government, represented by Kenneth Feinberg, said “the Tsar payroll” has accepted the request of the insurer issuing the increase to this connection, the form of stock options, up [...]

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Tags: Business

New tax on the tanning industry

December 22nd, 2009 · No Comments

It looks like the Democrats are at it again, and will be looking to tax the tanning industry should the Senate’s new healthcare bill be signed into law. What was originally going to be a tax on cosmetic surgery
has now turned into a ten percent tax on all indoor tanning services and products, and leaving [...]

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Tags: Business · Health

First Premier Bank offering credit card with a 79.9% interest rate

December 19th, 2009 · No Comments

In an effort to avoid new fee regulations being posted against sub-prime credit card issuing companies, First Premier Bank is enacting lower fees with a 79.9% interest rate.
Many of the other sub prime lenders are sure to follow this direction as the law will go into effect with the coming new year.
Many of these high [...]

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Tags: Business

General Motors concidering closeing some dealerships in the US

December 4th, 2009 · No Comments

According to reports Friday, General Motors said they will reconsider their decisions to close some dealerships in the US as part of a compromise to stave off federal legislation that would require them to keep showrooms open.
In a restucting move, GM said it would cut 2,400 dealers from its 6,000-dealer network by fall 2010. [...]

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Tags: Business · Canada

US House has extends inheritance tax on the wealthy

December 4th, 2009 · No Comments

According to reports, Friday, The US House has voted to extend the inheritance tax on the wealthy while permanently exempting fortunes of up to $7 million for couples.
The 225-200 vote cancels a one-year repeal that would have taken effect next year and continues the 45% top tax rate. The repeal provision was passed in 2001.
“We [...]

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Tags: Business · U.S.

Best place to find bargains is online

December 2nd, 2009 · No Comments

If you’re like most people, you’re always looking for a bargain these days. The best place to find those bargains is online. In 2009, over 87% of online stores offered promotions in an attempt to get consumers to shop with them.
The best time to get your shopping done and take advantage of the best deals [...]

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Tags: Business · Sci/Tec

Scott Rothstein charged with over $1 billion for investment fraud

December 1st, 2009 · No Comments

Scott Rothstein, A former lawyer, has been charged with operating a $1 billion investment
fraud scheme.
Rothstein, 47, denied the charges before a federal magistrate in Fort Lauderdale.
Rothstein is believed to have operated a massive Ponzi scheme since 2005. Rothstein’s law firm, Rothstein, Rosenfeldt and Adler, P.A., was located in Fort Lauderdale, Fla.
From nytimes.com:
Prosecutors are charging Mr. [...]

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Tags: Business

Logon and search for Cyber Monday deals

November 30th, 2009 · No Comments

With the success that Black Friday had this holiday season as compared to last year, there is still room for Cyber Monday to come up with big sales increases from last year.
As many consumers choose to avoid the madness that is Black Friday shopping, major retailers have opened up the savings to their websites, many [...]

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Tags: Business · Sci/Tec

UPDATE: Toyota car mats blocking gas pedal

November 30th, 2009 · No Comments

Toyota Canada will provide close to 200 000 vehicle owners modify their vehicles, following accidents caused by blockage of the accelerator pedal in the carpet of cars.
The mats of cars sold in Canada are however different from those fitted to cars sold in the United States. Toyota says there is no risk to Canadian models, [...]

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Tags: Business