Marketplace Morning Report for Monday, December 3, 2012
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As the fiscal cliff approaches, many companies are shoveling money out the door before year's end in the form of special dividends to shareholders to avoid tax issues in the new year. A new report out today says 6.5 million young Americans are disconnected -- meaning out of school, with no job. Plus, we wish a very happy 20th birthday to the text message.
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Today, a look at the next wave of fees airlines have up their sleeves. Plus, HBD -- that's "happy birthday" -- to text messaging, turning 20 today.
Posted In: Airlines
Seems like profits never come easily in the airline industry. And there are evidently always new ideas for how to pull in a few more bucks from flyers.
Posted In: ports, los angeles
Today, huge container ships are anchored off-shore from southern California today, waiting to get into the ports of Los Angeles and Long Beach. It's the seventh day of a strike that has crippled the busiest port complex in the country.
Posted In: Delta, Virgin Atlantic, Mergers and Acquisitions, Richard Branson
America’s biggest airline, Delta, is reported to be bidding for a big stake in Sir Richard Branson’s Virgin Atlantic. The deal could lead to Branson giving up control of the carrier he founded.
Posted In: cigarettes, Australia
Over the weekend, the world’s most restrictive packaging law for cigarettes went into effect in Australia. All tobacco products in the country must now be sold in the same generic package, covered with images of diseases caused by smoking.