Bank of America is calling off its plan to charge debit-card users $5 a month, the WSJ reports. [More]
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Update: Airplane Flies Banner By Wall Street That Says "Thanks For The Downgrade. You Should All Be Fired."
By 8.9.11
Earlier today, an airplane buzzed Wall Street towing a banner that said, “Thanks For The Downgrade. You Should All Be Fired.” Update: FORTUNE got in touch with the person who flew it. She’s a Midwestern mother and an investment banker. [More]
Pepsico CEO Says "Doritos Are Not Bad For You"
By 2.1.11
“Doritos are not bad for you,” PepsiCo Chairman and CEO Indra Nooyi told Fox Business News moments ago. “Doritos are nothing more than corn mashed up, fried up in oil, and flavored in the most delectable way.” [More]
Blippy Revealing Users' Credit Card Numbers To Internet
By 4.23.10
UPDATE: Blippy is taking this seriously. [More]
SEC Charges Goldman Sachs With Fraud
By 4.16.10
The SEC today announced civil fraud charges against Goldman Sachs and VP Fabrice Tourre. The chargea allege that Goldman ripped off investors by allowing a client who bet against the housing market to pick the mortgage securities being sold to other investors who were also investing in the housing market. [More]
Nissan Recalls 540,000 Cars
By 3.3.10
Due to potential problems in brake pedal pins and fuel-gauge components, Nissan is recalling 540,000 cars, 179,000 of which are in the US. [More]
Economy Grows 5.7%, Still Sucks
By 1.29.10
The US economy expanded 5.7% in the fourth quarter of 2009, making it the second straight quarter of growth, and the fastest in six years. However, it’s important to remember that for 2009 overall, real GDP shrank 2.4%, the largest decrease since 1946. So, it’s a gain for sure, but starting from a very low place and there’s a long way to go. Like jobs. Some jobs would be nice. [Bloomberg] [More]
Senate Passes Credit Card Reform Bill
By 5.19.09
Hooray! 90-5, the Senate has passed the Credit Card Reform bill. The job now is to iron out the differences between it and the slightly weaker House bill, or for the House to approve the Senate bill. Either way, Obama has asked for legislators to send him a bill by Memorial Day. [Washington Post] (Photo: afagen)
Obama Picks CPSC Head So They Can Finally Do Their Job
By 5.5.09
Obama nominated Inez Moore Tenenbaum as Consumer Product Safety Commission (CPSC) head and Robert Adler as commissioner. He is also also Congress for $107 million more in funding and plans on beefing up the total number of commissioners to five. [Reuters] (Photo: ashi)
Markets Rally On Bernanke Comments, Citigroup Profits
By 3.10.09
Full Text of Bernake’s Speech [Federal Reserve] (Photo: AGRR 4059)
US Airways Reverses Fee, Sodas Free!
By 2.23.09
US Airways has reversed course and decided that it will no longer charge you for some soda-pop in a cup with ice.
Facebook Reverts Back To Old Terms Of Service
By 2.18.09
It appears in the wake of global attention and outcry, Facebook has, as of at least 12:27 am, reverted back to the previous Terms of Service. Phew, now we can all go back to sending each other digital cupcakes without Big Brother watching us. This is a temporary move until Facebook can draft a new Terms of Service that addresses the users’ concerns. CEO Zuckerberg wrote a new blog post, and Facebook spokesperson Barry Schnitt released this statement:
Comcast To Give $5 To Every Accidental Penis Viewer?
By 2.2.09
How much would someone have to pay you to have your kids watch a penis? Comcast answers that question by giving a $5 one-time discount to every subscriber in Tucson, AZ who had their cerebellum gelatinized by seeing the porno movie that accidentally cut into the Super Bowl last night, according to a rumor a reporter we know overheard in their newsroom.
Every Google Result Is Malicious
By 1.31.09
Either Google has a bug or the entire internet is infected because no matter what you search for in Google right now it shows up with the warning, “This site may harm your computer.” Judging by the submissions to Digg, this probably started showing up around 9:46 eastern this morning. Nobody knows what’s going on yet, just that it’s very odd. UPDATE: And of 10:17 eastern, everything seems back to normal. You may recommence your early morning vanity searching. UPDATE: Human error. Someone typed in “/” by mistake. More info at StopBadware.com.
Teeny Bits Of Mercury Found In High Fructose Corn Syrup Foods
By 1.27.09
Did Jeremy Piven eat 200 lbs of ketchup a day? According to a new study, which found trace amounts of mercury in a number of high-fructose-corn-syrup laden foods like Coke, Nutri-Grain Strawberry Cereal Bars and ketchup, maybe so.
SS Id's Heartland Credit Card Breach Suspect
By 1.23.09
The Secret Service has apparently “pinpointed” the location of a suspect in the massive Heartland credit card database breach. No surprise, it’s international. [Storefrontbacktalk]
