Virgin Atlantic pilots have voted to strike against the airline, marking the first time pilots with that airline have taken such action.

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Chicago Boxed Beef Distributors Inc., a Shorewood, Ill., establishment is recalling approximately 3,200 pounds of raw and ready-to-eat sausage products that were not handled in a manner to prevent cross contamination between raw and ready-to-eat products.

In addition, the product label used by the company was not approved by FSIS. The products are considered adulterated because the company could not document that it took the necessary steps to produce safe products and ensure that they were produced under sanitary conditions

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“I have been left without anything – I don’t even have anywhere to go now.” Thirty-year-old Mwamba Kashane, one of the thousands of Congolese to be expelled from Angola in the past month, recounts his ordeal from Kamako, a town close to the Angolan border in the province of Kasai Occidental.

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(Updates by recasting first paragraph; adds CFO comments about capital, starting in the eighth paragraph.) –Commercial loan demand steady despite economic slowdown –Mortgage business “very profitable” despite regulatory changes –ROA target of 1.5% reiterated NEW YORK -(MarketWatch)- Demand for new business loans has remained steady at Wells Fargo & Co.

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Goldman Sachs Group, Inc. (GS) said Monday it has agreed to sell its mortgage-servicing business Litton Loan Servicing LP to Ocwen Financial Corp. (OCN) for about $264 million in cash. The company noted that the sale price does not reflect certain assets that it will retain. The deal ends Goldman Sachs’ more than three-year foray into the business of collecting home loans and foreclosing on delinquent borrowers.

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Time plays quiet important role in the life of people and it should be cherished. In day-to-day life, you face or experience one or two weeks that are simply too long to wait. This statement is absolutely true when you are suffering with fiscal issues.

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Yields increase amid continuing worries over Greece after its ratings downgrade but a sharper jump is avoided on rising hopes of fresh rescue loans

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Reuters – Ally Financial Inc, the United States’ largest maker of car loans, hopes that people have forgotten the time when “subprime” became a synonym for “disaster.”

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Europe has survived another week of Greece’s debt saga but must decide on new loans to Athens and take care that potential remedies do not kill the patient or its neighbours, analysts say.

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Pater Tenebrarum submits:

Below we update a few charts we have shown before , the stock indexes of the ‘PIIGS’ as well as the charts of the biggest Greek and Irish banks. The latest rumors regarding Greece concern something we first talked about a few weeks ago, namely the fact that Greece has so far failed to fulfill the conditions that have been tied to the bailout loans from the EFSF/IMF combo. As we noted yesterday in our missive on austerity , the most recent official update of the progress Greece has achieved to date shows that there is in fact progress – alas, it still falls short of said conditions. This means that the IMF will either be forced to deny disbursement of the next tranche of loans – which is inter alia contingent on the EU first affirming payment of its next loan disbursement to Greece (this will be decided at a meeting Complete Story »

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