Money in a Minute: Headlines for March 8, 2011

TRAVEL: Rise in airline passenger carry-ons is costing taxpayers

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.

OIL: Oil ends trading over $105 amid Libya worries

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.

HOMES: Officials said to aim for foreclosure deal within 2 months

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.

TECH: Google takes heat over app security

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.

FOOD: Subway beats McDonald’s to become top restaurant chain

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.

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