Tag: News Release
BP, ‘Bumbling Petroleum,’ is Exception to Profit Boom; Group Warns Against Cutting Safety as it Sheds Jobs
Yearly 2008 Profit Total for Big Five Oil Companies Still Hits $114 Billion, Picking Consumer Pockets Around the World Santa Monica, CA -- BP, the third-largest of the major private oil companies, capped off...
Read More →
Chevron, Exxon Record Profits Reaped At Cost To Sliding Economy, Strapped Consumers; Group Calls for Market Oversight
FTCR Also Releases "Oil Profit Monster"; Free Public Database Of Each Company's Profits Since 2000 Will Be Updated Quarterly
Read More →
Shell’s Record Profit Is a Thumb In the Eye of Recession-Wracked Nation, Says Group
Yearly Profits of Oil Industry Will Nearly Equal Treasury Cost of Federal Economic Stimulus Package Santa Monica, CA -- The record run of 2007 oil profits, which came as the U.S. economy slid into recession…
Read More →
PacifiCare Violations and $1.33 Billion Fine is Result of 2005 Merger with UnitedHealth Inc; Cautionary Tale for Future Mergers
Cautionary Tale for Future Mergers
Read More →
California Senate Stops Mandatory Health Insurance Plan
Statement of FTCR President Jamie Court This afternoon the California Senate Health Committee stopped the mandatory private health insurance plan backed by Governor Schwarzenegger and Assembly Speaker Fabian Nunez. The legislation failed to limit how…
Read More →
Cost of Massachusetts Health Insurance Mandate To Rise 85% – $400 Million – in ’09; CA Mandate Proposal Certain to Face Similar Increases
Also, Big Pharma Gives $400K to Prop 93, Drops Opposition to Schwarzenegger/Núñez Health Bill After Plan Change
Read More →
ConocoPhillips Rides Oil Prices To Record Earnings As Consumers Face Soaring Costs at the Gas Pump;
First of Big Oil Giants To Report 2007 Profits Had Best 4th Quarter Ever
Read More →
Complaint Asks State Ethics Board To Investigate $270K in Possible Campaign Violations by Assembly Speaker
Núñez Used Nonprofit to Fundraise and Pay for Events Santa Monica, CA -- Consumer advocates called for an investigation into questionable fundraising by Assembly Speaker Fabian Núñez in a...
Read More →
Uninsured Massachusetts Consumer Who Cannot Afford Mandatory Purchase of Health Insurance Flies 3,000 Miles to Speak Out; Is Thrown Out Of Capitol By Speaker Nunez
Consumer Advocates Reported For Misdemeanors in Clear Case of Selective Enforcement Sacramento, CA -- Speaker Fabian Nunez directed the California Highway Patrol...
Read More →
MA Proponent of Health Insurance Mandate Says “Mean” Penalties Needed To Force People to Buy Insurance;
Perata Roadblock to CA Mandate Weakens After SEIU Contributes $450K to Prop 93
Read More →
Allstate Wants to Overcharge California Homeowners $336 Each, Says Group Challenging $325 Million Windfall for Insurance Giant
Allstate Battle Arrives As National Report Shows Insurance Industry Profits Remain At Record Levels Santa Monica, CA -- Allstate will try to convince the...
Read More →