Economy

Coca-Cola settles lawsuit over stock manipulation charges

July 8, 2008 - Coca-Cola has agreed to pay $137.5 million to settle a shareholder lawsuit charging officials at the Atlanta-based company with misrepresenting or omitting information from public statements, causing artificial inflation of stock prices. The plaintiffs in the class-action suit were led by two union pension funds: the Carpenters Health & Welfare Fund of Philadelphia, which held about $80 million in company stock at the time of the filing, and and Local 144 Nursing Home Pension Fund, now called 1199 SEIU Greater New York Pension Fund.

Moving on up

July 1, 2008 - National average gas prices, July 1 2007: $2.97/gallon National average gas prices, July 1 2008: $4.09/gallon Source: AAA Fuel Gauge Report

Credit crunch hurting student loans

April 23, 2008 - Over the last two decades, government grants for college have been increasingly replaced by loans. While a big boon to banks and lenders, the privatization of student aid has put those wanting to go to college in an increasingly precarious position.