Financial
With health law, workers ponder the I-Quit option PDF  | Print |  E-mail
Written by CARLA K. JOHNSON, AP Medical Writer   
Friday, 21 March 2014 06:08

CHICAGO (AP) — For uninsured people, the nation's new health care law may offer an escape from worry about unexpected, astronomical medical bills. But for Stephanie Payne of St. Louis, who already had good insurance, the law could offer another kind of escape: the chance to quit her job.

At 62, Payne has worked for three decades as a nurse, most recently traveling house to house caring for 30 elderly and disabled patients. But she's ready to leave that behind, including the job-based health benefits, to move to Oregon and promote her self-published book. She envisions herself blogging, doing radio interviews and speaking to seniors groups.

"I want the freedom to fit that into my day without squeezing it into my day," she said.

One of the selling points of the new health care plan, which has a March 31 enrollment deadline, is that it breaks the link between affordable health insurance and having a job with benefits. Payne believes she'll be able to replace her current coverage with a $400- to $500-a-month plan on Oregon's version of the new insurance exchange system set up under the law.

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Time Warner Cable execs set to get $135M 'golden parachute' PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 March 2014 15:34

LOS ANGELES (AP) — Departing Time Warner Cable Inc. executives are in line to receive "golden parachute" compensation totaling around $135 million as part of Comcast Corp.'s $45 billion acquisition of the cable operator.

Shareholders are being asked to vote on the packages in a non-binding advisory vote. The details were contained in a securities filing Comcast made Thursday.

Time Warner Cable Chief Executive Rob Marcus is in line to receive $79.9 million, Chief Financial Officer Arthur Minson Jr. is set to get $27.1 million, Chief Technology Officer Michael LaJoie would get $16.3 million and Chief Operating Officer Philip Meeks is to receive $11.7 million.

The amounts include cash, stock and benefits that the executives were to receive for the next two to three years and the final totals could change.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Mt. Gox finds 200,000 missing bitcoins PDF  | Print |  E-mail
Written by The Associated Press   
Friday, 21 March 2014 06:07

Bankrupt bitcoin exchange Mt. Gox said it found 200,000 bitcoins, which were previously thought stolen, in disused electronic wallets. Another 650,000 bitcoins remain unaccounted for.

The Tokyo-based company said in a statement posted on its website Thursday that the 200,000 bitcoins were identified Mar. 7 after "old format" wallets were searched as part of Mt. Gox's bankruptcy proceedings.

The online exchange for the virtual currency was unplugged in late February as rumors of its insolvency swirled, adding to doubts about the viability of bitcoins overall.

It then filed for bankruptcy protection in Tokyo and said nearly all its 850,000 bitcoins were missing, most likely as a result of theft. About 750,000 of the bitcoins belonged to people who used the Mt. Gox exchange.

At current prices, the rediscovered bitcoins have a market value of about $120 million.

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Ikea recalls cot canopies for strangulation risk PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 March 2014 13:45

STOCKHOLM (AP) — Swedish furniture retailer Ikea is recalling children's bed canopies because of a strangulation risk.

The company says that after receiving complaints from customers it has identified the risk of potential harm in canopies used to cover cots in the models: Legendarisk, Minnen bed canopy set, Barnslig Boll, Minnen Brodyr, Himmel, Fabler, Tissla and Klammig. About 2.7 million canopies have been sold in all Ikea markets since 1996.

Ikea said Thursday it was not aware of any reports of "permanent injury," but that customers had complained of canopy nets being pulled into cots and becoming entangled around infants' necks.

The furniture giant said it will fully refund customers for the canopy purchases when returned to the retailer.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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