Business

Chicago-based Thrift With 75% Hispanic Membership Considers Becoming Minority Institution

Second Federal Savings & Loan Association, a Chicago-based thrift recently ordered by regulators to raise capital, is considering getting designated as a minority institution to widen its appeal to investors.


The Medical Marijuana Business Matures

The U.S. Justice Dept., at the direction of the Obama Administration, last month announced that it would no longer direct federal investigative resources to pursue criminal charges against medical marijuana clinics, providing they are operating lawfully. The policy represents a major shift in tactics from the Bush Administration. Will the new Obama policy kick off an entrepreneurial bonanza? Well, maybe.


FedEx Predicts Increase in Business in December

In an encouraging sign of an economy on the mend, FedEx (NYSE:FDX) today projected its business will hit the year's peak Dec. 14, when 13 million packages are expected to flow through its networks. The volume would be up about 8 percent over a peak of 12 million handled Dec. 15, 2008.


Help Wanted: Guantanamo-based McDonald's Looking for Job Applicants

Out of work and willing to relocate? McDonald's is advertising for an assistant manager for its sole franchise in Cuba - serving up burgers and fries that sometimes feed detainees at the prison camps at Guantanamo Bay.


Sprint to Chop up to 2,500 Jobs

U.S. telecommunications giant Sprint Nextel said it would cut its payroll by up to 2,500 workers due to falling revenues.


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