AFL-CIO President Richard Trumka, announced the new website Executive PayWatch, a part of the union’s campaign in support of Wall Street reform. In a press release on April 19, 2011 the website is described as containing a searchable databank of 299 of S&P 500 companies. In addition to disclosing CEO salaries, the website compares them [...]
On April 8, 2011, Nevada Commerce Bank was closed by the State of Nevada Financial Institutions Division and the Federal Deposit Insurance Corporation (FDIC) was appointed as the receiver of the company. A press release issued the same day announced that the FDIC and City National Bank of Los Angeles, California entered into a purchase [...]
Union Pacific Railroad has announced the construction of a new rail facility outside the city of Santa Teresa in New Mexico scheduled to begin construction in June, 2011. The press release issued by Union Pacific on April 5, 2011 comes on the heels of New Mexico Governor Susana Martinez signing legislation into law granting the [...]
In a fact sheet released by the White House on March 30, 2011, the White House outlined a plan to reduce the amount of oil imported by the United States by 1/3 by the year 2025. Citing the 11 million barrels of oil imported daily during 2008, the statement highlighted key strategies to be implemented [...]
On March 21, 2001, Richard Trumka, President of the AFL-CIO issued a press release commenting on the March 20th announcement of AT&T’s acquisition of T-Mobile USA. Mr. Trumka observed that the acquisition is beneficial to employees of both companies in that AT&T will gain a better position from which to globally compete in the telecom [...]
In a press release on March 18, 2011, the PepsiCo Foundation announced its intent to donate $1.5 million through non-profit partners working in Japan for the recovery and relief efforts underway in areas most affected by the recent earthquake and tsunami. The foundation’s initial contributions will be dispersed through its humanitarian partners as follows: The [...]
The Housing Investment Trust (HIT) of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) will finance the construction of a senior cooperative housing project in Roseville, Minnesota. A press release issued by the HIT on March 22, 2011 announced the financing for the construction of Applewood Pointe of Roseville at Langton Lake [...]
The Bureau of Economic Analysis (BEA) in the U.S. Commerce Department reports $1.67.7 billion in U.S. goods and services was exported during the month of January, 2011. According to a press release on March 10, 2011 issued by the Export-Import Bank of the United States, this number surpasses the previous record high in exports of [...]
The Advisory Committee on Economic Inclusion within the Federal Deposit Insurance Corporation (FDIC) will hold a meeting on Wednesday, March 2, 2011 to discuss ways to bring back the now diminished low and moderate income home mortgage lending market. In a press release issued on February, 24, 2011, the FDIC’s Chairman, Sheila C. Bair stated that [...]
As a part of its “America Saves Week” (February 20-27), the Federal Deposit Insurance Corporation (FDIC) is encouraging Americans to establish automatic savings practices in order to “save money, reduce debt and build wealth”. The FDIC strongly suggests that every American have a savings vehicle into which deposits are automatically made or that consumers develop [...]
