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Sunday
Apr032011

Turkey Burgers Sold at Sam's Club Stores Recalled

Jennie-O Turkey Store(AUSTIN, Minn.) -- Possible salmonella contamination has spurred the recall of more than 27 tons of frozen turkey burgers sold at Sam’s Club stores nationwide.

Jennie-O Turkey Store says at least 12 people in 10 states have been sickened after consuming its “All Natural Lean White Meat Turkey Burgers,” sold as a 4-pound carton with 12 individually wrapped 1/3 pound burgers.

The boxes in question bear the UPC 042222 261081 and a use by date of Dec. 23, 2011.

The company is warning consumers not to eat the recalled burgers and to instead return them to a Sam’s Club store for a refund.

Copyright 2011 ABC News Radio

Saturday
Apr022011

Top Ford Execs Receive Increased Paychecks for 2010

Sean Gallup/Getty Images(DETROIT) -- Ford's two top executives each received $26.5 million pay packages in 2010, according to the Securities and Exchange Commission. Now some say that the increased compensation could serve as an obstacle for management when it begins union negotiations. The current union contract with Ford expires September 14.

President and CEO Alan Mulally's pay in 2010 rose 48 percent from 2009 to $26.5 million. That's in addition to the $54.5 million in stock awards he received for achieving company targets in both 2009 and 2010. In total, Mulally received about $83 million from Ford in 2010.

Meanwhile, Executive Chairman Bill Ford has declined compensation from 2005 until 2010, when the car manufacturer achieved a full year profitably. For 2010, however, Ford received compensation of $26.46 million in addition to a stock award last month valued at $42.4 million, which brought his total compensation to nearly $69 million.

Last year the company reported $6.6 billion in net income and in March of this year Ford’s monthly U.S. sales surpassed General Motors for only the second time in thirteen years.

Copyright 2011 ABC News Radio

Saturday
Apr022011

Go Daddy CEO to ABC News: Elephant Hunt 'Nothing to Be Ashamed Of'

Michael Buckner/Getty Images for Celebrity Fight Night(SCOTTSDALE, Ariz.) -- Go Daddy CEO Bob Parsons has a message for those outraged by a four-minute video of an elephant hunt in Zimbabwe on his Go Daddy video site.

"I think if you had all the facts and you knew exactly what was going on and the difference it makes in these people's lives there," he told ABC News Radio, "you'd feel completely different."

Parsons has said he participated in the hunt because the elephants were a nuisance destroying crops the local population depended upon for sustenance and even threatening the lives of villagers. Therefore, his hunt solved two problems, he suggested.

"First they have their crops," he told ABC News Radio, "and they get to eat the elephant."

Parsons always has welcomed buzz and controversy around his racy Super Bowl commercials. But backlash against his recent video could damage his company's place as the number-one Internet domain name company.

This week, People for the Ethical Treatment of Animals (PETA) said it will close its account with Go Daddy and is encouraging other account holders to do the same.

Parsons has defended the hunt in the media. He said that a local farmer asked him to hunt the elephants that were destroying crops on his farm and leading to growing hunger in the area. He added that critics misunderstood his intent in posting the video.

"It's certainly nothing to be ashamed of," he told ABC News Radio. "And I think it just should be recorded, for nothing else, for people to see what goes on over there."

"This is not the kind [of elephant] that you see on Disney," he added. "I mean, these are not gentle creatures. I mean, these are wild animals."

Go Daddy, based in Scottsdale, Ariz., says it manages half the websites in the country and has 2,950 employees.

A Go Daddy competitor, Namecheap, is inviting attention to the elephant controversy and has launched a promotion in which you can transfer your account for $4.99. Namecheap added that it will donate $1 to Save the Elephants.

Copyright 2011 ABC News Radio

Saturday
Apr022011

Southwest Airlines Grounds Dozens of Planes After Malfunction

Justin Sullivan/Getty Images (file)(YUMA, Arizona) -- Southwest Airlines said Saturday that it will ground dozens of its 550 planes to inspect them for metal fatigue.

The airline initially reported the grounding of 81 of its Boeing 737 aircraft, but later decreased the number to 79. This comes after the ceiling of a Southwest Airlines plane out of Phoenix tore open in mid-air Friday, prompting a sudden loss of cabin pressure, a rapid descent and an emergency landing at a military base in Yuma, Arizona.

Southwest Airlines is working with the National Transportation Safety Board and the Federal Aviation Administration to determine the cause of a sudden drop in cabin pressure that lead to the hole.

"Southwest expects to cancel approximately 300 flights today to accommodate the inspections," the airline said in a statement. "Customers may experience sporadic delays of up to two hours on some flights today. Customers should check the status of their particular flight or rebook their trip on southwest.com before heading to the airport."

The event comes just days after Southwest was ranked as the No. 2 best business-to-business brand by The Business Journals. The airline earned the ranking mainly because of its ability to lower fares across the board.

The financial and business implications of the incident are not yet clear.

Copyright 2011 ABC News Radio

Saturday
Apr022011

Goldman's 2010: Down for Company, Up for CEO

Mario Tama/Getty Images(NEW YORK) -- It was a good year for Goldman Sachs CEO Lloyd Blankfein. Despite a recent slump in company profits, Blankfein's 2010 pay package nearly doubled from the year prior.

Blankfein, 56, received $19 million last year, including $12.6 million in stock and a $5.4 million bonus on top of his $600,000 salary.

The compensation rewards Blankfein for a year in which the bank's earnings fell 38 percent and stock prices were mostly flat.

In 2009, Blankfein reportedly received a total of $9.8 million.

Copyright 2011 ABC News Radio

Saturday
Apr022011

Nasdaq Throws Hat in the Ring for Ownership of NYSE

Getty(NEW YORK) -- Nasdaq has prepared a $11.3 billion bid for the New York Stock Exchange, part of an effort to top a German rival's offer.

Nasdaq OMX Group Inc. and Intercontinental Exchange Inc. announced the solicited bid on Friday. The partnership has reportedly been working to draft a deal since February when the NYSE announced it was being purchased by Deutsche Börse AG for $9.5 billion.

The NYSE has confirmed that it received the new proposal and was in the process of reviewing it.

If the Nasdaq and ICE bid is successful, it would mean the Big Board, an icon of American capitalism, would remain in U.S. hands rather than being owned by a German company.

Copyright 2011 ABC News Radio

Friday
Apr012011

Getting Back to Work: US Employers Hiring, Labor Department Numbers Show

Stockbyte/Thinkstock(WASHINGTON) -- American companies are adding workers at the fastest pace in five years, new government numbers showed Friday. According to the Labor Department's March jobs report, 216,000 jobs were added, bringing unemployment down to 8.8 percent, the lowest rate in two years.

Across the country, the stories behind those numbers give new hope that the nation may finally be turning the corner on unemployment.

Just four months ago, for example, Sharon Walter was out of work, a victim of the recession. Now, she has found work at a Siemens plant in Charlotte, North Carolina, assembling steam turbine engines.

"To meet somebody and say, 'Well, I'm unemployed,' it takes something away from you," Walter said. "Every morning, I get up, I know I have someplace to go. I know I have a job to go to. I'm going to work hard, it's appreciated."

Data from the Labor Department shows that the optimistic numbers spread across a variety of industries. In March, 17,000 new jobs were added in manufacturing, 37,000 in health care, and 78,000 jobs in professional and business sectors. For private sector industries, there have now been 13 straight months of growth.

"I think fundamentally, our economy is in a much better place than it's been in many, many years," said Mark Zandi, chief economist for Moody's Economy.com.

At a job fair in Reno, Nevada, companies have been hiring new workers on the spot. And in Philadelphia, manufacturers like Boathouse Sports are starting to overtake their Asian competitors and start hiring again.

The news is good, but the reality for so many others remains grim. All told, 13 million Americans still don't have work. That figure is equivalent to the population of Illinois.

One of those Americans, Joseph Cappelluzzo, has been out of a job for two years. The father of five from Florida has gone to extreme measures to find work, even standing by the side of the road with a sign. Today, Cappelluzzo has worked enough odd jobs to buy a new house for his family, but he still has no stable employer.

"I'm working six and a half days a week," Cappelluzzo said. "I'd work in a bar. I would work in a Laundromat. I would do whatever it took to feed my family."

Copyright 2011 ABC News Radio

Friday
Apr012011

Stocks Up at the Week's Close; Energy Department to Release Oil Figures Monday

Comstock Images/Thinkstock(NEW YORK) -- Stocks rally to end the week with a drop in unemployment. The Dow closed up 57 points, the Nasdaq gained nine and the S&P added seven.

The jobless rate is down to its lowest point in two years.  The labor department says employers added 216,000 jobs last month, unemployment at 8.8 percent.

Oil settled at $107.94 -- up $1.22 for the day -- a level last seen in 2008. Platforms should keep an eye on how these high oil prices affect gas prices come Monday when the Energy Department releases official figures.

Currently, the average cost a gallon of gasoline is at $3.60.

Copyright 2011 ABC News Radio

Friday
Apr012011

Ford Outsells General Motors in March

Bruno Vincent/Getty Images(DETROIT) -- Ford Motor Co. sold more cars and trucks than rival General Motors Co. last month.

Ford reported Friday that the company sold 212,777 units in March, compared to GM’s 206,621 units.

“That's up 19 percent versus a year ago,” said Ford sales analyst George Pippas, who noted that the company’s popular Explorer SUV is helping to drive sales.

“Over 14,000 customers have placed a retail order rather than purchase another vehicle,” Pippas said.

But GM analyst Don Johnson says that his company has seen a strong start to 2011.

“What March really did for us was cap off a very successful first quarter, where our total sales were up 26 percent and our retail sales, which really drove our strong quarterly performance, were up 38 percent,” Johnson said.

Ford is the only of Detroit’s big three automakers that did not take federal bailout money.

Copyright 2011 ABC News Radio

Friday
Apr012011

Obama Asks How Green Can Brown Be?

Frank Polich/Getty Images(LANDOVER, Md.) -- Goodbye to gas-guzzling fleet vehicles like the ubiquitous big brown UPS trucks? President Obama hopes so, saying it’s not only good for the environment, it’s good for business.

“From gas-guzzlers to hybrids, … there's a real market for these vehicles,” Obama said. “One of the best ways to reduce our dependence on oil is by making our cars and trucks more energy efficient, because transportation accounts for more than 70 percent of America’s oil consumption,” Obama said to workers and business folks at a UPS processing facility just outside of Washington DC.

“Energy-efficient cars and trucks won’t just cut our dependence on oil, they’ll save us money,” Obama said.

And it’s not just the UPS trucks Obama is after, add in FedEx, AT&T, PepsiCo, Verizon and others with huge fleets. Obama’s “National Clean Fleets Partnership” proposal would convert or replace hundreds of thousands of gas-guzzling fleet cars and trucks to hybrid and clean energy vehicles. Doing so would help cut America’s 11-billion-imported-barrel-of-oil-a-day habit by one-third by 2025, Obama said.

The partnership would allow the Department of Energy to help businesses research and plan to switch to electric, hybrid or alternative energy consuming vehicles. The partnership takes the form of advice, “specialized resources, technical expertise, and support.”  In addition, collaboration will allow smaller companies to partner with the big ones to buy new vehicles at bulk rates, according to  a White House release.

Before his speech, Obama, along with Energy Secretary Steven Chu and Transportation Secretary Ray LaHood, toured some of the new vehicles he was touting. 

"This is 100 percent electric?" Obama asked about one large Frito-Lay truck, parked at the UPS facility. A representative from Frito-Lay replied that the drivers love it because it’s quiet.

Obama also viewed an AT&T all battery powered that he said looks “pretty comfortable.”

Copyright 2011 ABC News Radio







ABC News Radio