Today in the news: The government wants higher security fees added to plane ticket prices, and hopes to work out new foreclosure procedures with banks soon; oil's up to $105 as Libya's brewing; Google gets flak for lax security on Android apps; and Subway is the new king of fast food.
Because of checked baggage fees, more people are carrying their luggage on the plane – which means more bags for the TSA to check, and more expense: about $260 million every year. Homeland Security Secretary Janet Napolitano suggested that a hike in the $5 security fee currently paid by passengers for each one-way ticket might help offset the extra cost, USA Today reports.
The fighting in Libya yesterday near a major oil port sent prices to “new post-recession highs,” MSNBC reports. The price went up to nearly $107 before ending the day at $105.44 a barrel.
Federal and state officials hope to work out a settlement with banks on how to handle foreclosures soon, Bloomberg reports. They could “reach an agreement with the banks in six weeks to two months,” following last year’s probe into complaints of faulty paperwork submitted by banks.
A recent software attack on Android-using cell phones highlights a need for improved security measures from Google. “58 malicious apps were uploaded to Android Market and then downloaded to around 260,000 devices” before Google caught on, The Wall Street Journal reports.
Subway just became the world’s biggest franchise, knocking McDonald’s off the throne. According to regulatory filings from last month, “Subway had 33,749 restaurants around the globe at the end of 2010,” while McDonald’s had 32,737, CNN Money reports.
Subscribe by email
Like this article? Sign up for our email updates and we’ll send you a regular digest of our newest stories, full of money saving tips and advice, free! We’ll also email you a PDF of Stacy Johnson’s ’205 Ways to Save Money’ as soon as you’ve subscribed. It’s full of great tips that’ll help you save a ton of extra cash. It doesn’t cost a dime, so why wait? Click here to sign up now.