Workers in the private equity industry are miffed that their business is becoming a dirty word in the presidential campaign. The indignation at such attacks runs especially deep at Bain Capital in Boston, the private equity firm started by Republican front-runner Mitt Romney.
Nowhere are oranges more important than in Florida. The state grows most of the oranges consumed in the United States. So any scare about tainted foreign fruit is bound to trickle down to the domestic industry.
The Food and Drug Administration is stepping up testing of orange juice after finding traces of a chemical fungicide that is not approved for use in the United States. Regulators are holding 13 shipments of imported juice at ports until tests are completed. Even so, officials say the fungicide residue does not present a public health threat.
Four men were arrested in Los Angeles this week with $250,000 worth of stolen plastic pallets, milk crates and bread baskets piled high in a warehouse. The warehouse also held a big industrial plastic grinder. Authorities say plastic sells for up to a dollar a pound.
Over the next three years, RBS will cut 3,500 jobs. That's in addition to more than 30,000 layoffs that happened over the last two years. In the U.S., RBS runs Citizens Bank with branches in about a dozen states.
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