Archive for the ‘Loading Dock’ Category

I hadn’t heard about this one, but then I don’t live in California either.

A Southern California meatpacking firm has significantly expanded its recall of ground beef and veal that might be contaminated with E. coli.

The recall includes approximately 4.9 million additional pounds of products by Huntington Meat Packing Inc. under the Huntington, Imperial Meat Co. and El Rancho brands, the Department of Agriculture’s Food Safety and Inspection Service said Friday.

The original recall was announced Jan. 18 and was for 864,000 pounds of meat.

Heads up people.

Wow. I own a stake in investment firms, banks, insurance companies, mortgages, and now GMAC and GM.

Attention government guys: I would prefer to take said ownership in GMAC out of my current loan, thank you very much.

The government said on Monday it was pumping $5 billion into auto and mortgage lender GMAC LLC and lending up to $1 billion to automaker General Motors, (GM.N) ensuring the solvency of a company considered crucial to GM’s survival.

The Treasury Department said it would buy $5 billion in senior preferred equity with an 8 percent dividend from GMAC. It also said it is lending up to $1 billion to GM to help GMAC reorganize itself as a bank holding company.

When I first read this article, I thought, “Wow, and people thought the banks wouldn’t come up with another way to recover from the sub-prime mortgage fiasco”. Then I thought about it. Why would Wachovia do something like this? How long has this type of stuff been going on?

Wachovia Corp (WB.N) is being investigated by federal prosecutors as part of a probe into alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies, The Wall Street Journal reported on Saturday.

An official of Charlotte, North Carolina-based Wachovia, the country’s fourth largest banking firm, said the company is cooperating with the investigation, the newspaper said.

The Journal did not identify the Wachovia official and it attributed its information about the investigation to “people familiar with the matter.”

It appears, however, that they are not the only ones…

Wachovia is one of several large banks being investigated for relationships with the money-transfer companies, the Journal said.

Several large banks? I want to know which ones.

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Word was they were negotiating for 21 days, and both sides had a willingness to reach a compromise. Today we learn the truth we knew all along.

United Auto Workers union- represented workers at plants in Michigan and Ohio began walking off the job and organizing pickets as a strike against General Motors Corp (GM.N) began on Monday.

“We’re on strike. It’s too late to call us back now,” UAW Local President Chris “Tiny” Sherwood told Reuters as a union-imposed strike deadline passed at 11 a.m. EDT (1500 GMT).

It’s never too late. If it was, strikes would never end. You gotta love rhetoric.