Nearly three years after T-Mobile became the first of the four major wireless carriers to ditch the two-year contract business model, Sprint is now the only of these companies to still offer these traditional plans to customers. But a company insider claims that Sprint will join the rest of the pack and ditch contracts later this week. [More]
the end of an era
After 57 years of assisting nearly 20 million low-income students to finance their dreams of obtaining a higher education, the Federal Perkins Loan program could soon be grinding to a halt. [More]
Nearly four years ago, as America was still crawling out of the crater left by the collapse of the economy, a former CEO of AIG — a company whose name had become synonymous with the crash — sued the federal government over the bailout, alleging that the government had violated shareholders’ Fifth Amendment rights. Today, a court sided with wealthy investor Maurice “Hank” Greenberg, but he won’t be getting any damages because the company would have gone bankrupt without the bailout. [More]
It’s been three years since Southwest Airlines acquired budget carrier AirTran, but the two airlines’ fleets have yet to be fully integrated. Southwest has finally put a Dec. 28 date on the ultimate AirTran-branded flight. [More]
The LP has survived the 8-track, the cassette tape, the CDs, the MP3, and streaming audio. But will all that vinyl have a place to live now that IKEA is killing off collectors’ beloved Expedit shelving units? [More]
In the wake of the month-long blackout that affected 3 million CBS viewers in several major cities and Showtime subscribers nationwide, Congresswoman Anna Eshoo of California has drafted legislation that would give the Federal Communications Commission the authority to prevent blackouts, and give consumers the right to decide whether or not they want to pay for watching broadcast networks on cable. [More]
If you or someone you know uses Primatene or any other over-the-counter epinephrine inhaler for asthma, the clock is officially ticking before they disappear off store shelves. The Food and Drug Administration announced today that, in an effort to cut down on products using ozone-depleting chlorofluorocarbons, these inhalers will no longer be available after Dec. 31.