Money Minute: Tyson, Citigroup, Cell Phones

BusinessMoney Minute: Tyson, Citigroup, Cell PhonesMoney Minute: Tyson, Citigroup, Cell PhonesThe Associated PressTyson Foods is recalling more than 51,000 pounds of frozen raw chicken breast tenderloin. The AP's David Melendy reports on that and the rest of Thursday's business headlines. (Aug. 7)AP Money MinuteTyson Foods is recalling more than 51,000 pounds of frozen raw chicken breast tenderloin. The world's largest meat processor said the product may contain soy that was not declared on the label. Soy is a known allergen. Tyson says the meat came from a plant in Vicksburg, Miss., between July 23 and Aug. 1, and was shipped to Tyson food service distributors nationwide.------------------- ---------The friendly skies are not so affable when it comes to using cell phones. A Department of Transportation survey found nearly four out of 10 U.S. residents would oppose cell phone use aboard flights even if there were no aircraft communications interference issues. But, as any parent of a teenager could have predicted, there is a cell phone generation gap. About 60 percent of residents aged 65 and older oppose cell phone use in flight.----------------------- -------Citigroup will buy back $7 billion in auction-rate securities from tens of thousands of investors across the country. The buyback is part of settlements reached with federal and state regulators who said the bank marketed the investments as safe despite liquidity risks. Citigroup will pay also a $50 million civil penalty to New York state and a separate $50 million civil penalty to the North American Securities Administrators Association.I'm David Melendy with AP Money Minute ___ ___, The Associated Press.(****END****)

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: AssociatedPress

Length: 01:17
Rating: 4.60
Views: 2970

Tags: cell  citigroup  minute:  phones  recall  tyson  

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