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These five companies have performed even worse than their peers and competitors. Investigations? Insider trading? Dirty factories? Recalls? Management churn? Scandals? They've got it all. In order of incompetence, BNET presents the five worst drug companies of 2009. Drumroll, please ...
Even smart people make financial moves that are downright illogical. Emotions and superstitions have a sneaky way of keeping you from rational financial decisions. But dumb choices can have serious, real-world consequences. Here are some of the biggest blunders we all make, plus tips from the experts on how to keep cool.
Denver Post: Business Headlines
- Frontier Airlines workers critical of new cross-company pay-standardization scale
Frontier Airlines customer service agents and baggage handlers — stung by a new pay scale they say amounts to a pay cut — are letting leadership know they're not happy. - Lewis: 2009 could only make us miss 1999
In 1999, a book called "Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market" hit bookshelves. But in 2009, it was "The Great Depression Ahead: How to Prosper in the Debt Crisis of 2010- 2012." - Outback will pay $19 million to settle sex-bias lawsuit
Outback Steakhouse will pay $19 million to settle a class-action sex-discrimination lawsuit initiated from complaints by two women who worked at the chain's metro Denver restaurants. - Denver-area home prices drop the least of 20 cities surveyed
Denver-area home prices fared the best in a 20-city survey released Tuesday, falling just 0.1 percent in October compared with the same month last year. - AIG set to pay outgoing exec millions in severance
American International Group Inc. is preparing to pay its outgoing general counsel Anastasia Kelly several million dollars in severance after she resigned over federal pay curbs, according to people familiar with the matter. - Spectranetics to pay $5 million to end probe
Spectranetics Corp. said Tuesday it will pay $5 million to end a government investigation into allegations it imported and marketed medical lasers that had not been cleared by regulators. - Centennial's Trail Dust Steak House shuts down
The Trail Dust Steak House has closed its doors, but the reason for the shutdown remains a mystery. - E-mails reflect growing doubts about AIG
The probing e-mails came from every direction inside insurance giant American International Group during the summer and fall of 2007, all with the same underlying question: Could Joe Cassano back up his assurances — to auditors, rating companies, colleagues and shareholders — that his Financial Products unit wasn't in trouble? - Colorado Business
Poudre Valley Health System announced that all of its facilities will become smoke-free Friday. The new policy includes buildings and exterior property at Poudre Valley Hospital and Family Medicine Center; PVHS-owned buildings at Harmony Campus in Fort Collins; and PVHS medical clinics throughout northern Colorado. - People on the move
PORTER ADVENTIST HOSPITAL: Dr. Thomas G. Heffron, a pioneer in living-donor liver transplantation, has recently joined the medical staff. He also joins SurgOne PC in Denver and the practice of Dr. Eric Kortz. The two surgeons worked on the same team that performed the nation's first living-donor liver transplant. - Stocks slip, end six days of gains
The stock market edged lower Tuesday, breaking a six-day advance as reports on home prices and consumer confidence did little to excite buyers. - Broadcom settles securities lawsuit
Broadcom Corp. settled a class-action securities lawsuit for more than $160 million without admitting wrongdoing. The lawsuit alleged that Broadcom engaged in backdating, which involves retroactively setting a stock option's exercise price to a low point in the stock's value, boosting profits when the shares are sold. - Morgan Stanley to defer some bonuses.
Morgan Stanley, the second-biggest U.S. securities firm, plans to defer at least 65 percent of year-end bonuses for its top 30 executives to blunt criticism over outsized pay, a person familiar with the matter said. - Hacker pleads guilty in massive credit theft
A computer hacker who helped orchestrate the theft of tens of millions of credit- and debit-card numbers from major retailers in one of the largest such thefts in U.S. history pleaded guilty Tuesday in the last of three cases brought by federal prosecutors. Albert Gonzalez, a one-time federal informant from Miami, faces a prison sentence of up to 25 years under the terms of separate plea agreements. - Auditor seeks AG's opinion on DIA payments.
Denver Auditor Dennis Gallagher has asked Colorado Attorney General John Suthers for a formal opinion on rebates that Denver International Airport gave to airlines in 2008. - CU a finalist for next NASA science mission.
A University of Colorado proposal to send a probe to Venus is one of three finalists chosen by NASA for the agency's next space science mission in the solar system. - 19 Sickened, beef recalled in e. coli outbreak
Nineteen people in 16 states, including Colorado, have been infected with a potentially lethal strain of E. coli bacteria after consuming beef in restaurants supplied by an Oklahoma meat company, federal officials said. - GM offers deep discounts on Saturns, Pontiacs
General Motors Co. is offering deep discounts on its remaining Saturn and Pontiac vehicles as it looks to move the leftover inventory of the soon-to-be-dead brands, according to a published report. - Some bottles of Tylenol Arthritis Caplets recalled
Johnson & Johnson is expanding a voluntary recall of Tylenol Arthritis Caplets because of consumer reports of a moldy smell that can cause nausea and sickness. - Netflix exec pitches online movies to wary studios
Netflix Inc. chief content officer Ted Sarandos bypassed Hollywood to jump-start the company's online film-rental business last year. Now he has to convince the studios the company is a friend and not a foe. - Trail Dust closes its doors
The local landmark at 7101 S. Clinton Street, can be seen from Interstate 25 near Arapahoe Road was known for its oversized steaks, indoor slide for children and practice of cutting off the ties of city slicker customers. - Broadcasters' woes could spell trouble for free TV
NEW YORK—For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. - Qwest to cut retirees' pension death benefits, worth $220 million
Qwest is eliminating pension death benefits for thousands of retirees, a move that could cut the Denver-based company's liabilities by about $220 million. - Colorado public housing agencies lag on spending stimulus funds, GAO says
As of November, Colorado public housing agencies had spent only $2.8 million of the nearly $18 million in Recovery Act formula grants awarded by the federal government this year, according to the Government Accountability Office. - Little left on shelves for post-holiday sales
Retailers have thin inventories after coming out of Christmas with slightly better-than-expected sales. Some retailers kept inventory so low they've had to bring in new merchandise to restock shelves, a rare move this soon after Christmas. - Interest rates edge up after T-note auction
Interest rates rose Monday but were down from their highest levels following an auction of two-year notes. - Social media websites strengthened holiday season for retailers
Nearly half of U.S. retailers polled in a pre-holiday national survey said they intended to increase their use of social media sites such as Facebook and Twitter during the Christmas shopping season. - Comic-book unknowns a Disney gamble
Moviegoers have shown a willingness to be entangled by Spider-Man's web over and over again. Now, as Disney prepares to buy the comic-book powerhouse Marvel, it faces the question of whether fans will also get attached to characters as obscure as Nova (left), Ant-Man and Iron Fist. - Parker: A brief history of our whirl
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