Pitfalls for Internet shoppers with charitable bent
Article Abstract:
With the increase in on-line shopping on the Internet, web sites have been set up that allow shoppers to make purchases through their sites from other online marketers of which a portion is donated to charity. The money generally goes to a group of charities selected by Web site operators. The mumber of listed charities can vary from as few as 4 to over 275,000. Most will make donations to causes specified by the shopper. Terms vary under which the donations are made. For example, some sites set minimum amounts that they must collect for a specified charity before they will give at all. Some require purchasers to supply a lot of information. Disclosure practices of the sites also vary. One site requires that chosen beneficiaries must be listed as charities by the Internal Revenue Service. Regulators are concerned about the trend as charitable giving online is certain to create complications in the enforcement of rules to prevent fraud. Few rules exist requiring accountibility from operators of charity Web sites.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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Hints of changes at GE Capital as financial companies lose favor
Article Abstract:
General Electric Co. is expected to announce major changes at its highly profitable subsidiary, GE Capital, including the departure of its long-time chief executive officer, Gary C. Wendt. Industry analysts have said that General Electric is planning a major reorganization of GE Capital as part of a strategy to shield the profitability of the subsidiary in the current tumultuous market climate. GE Capital, which has 28 businesses and has reported $40 billion in revenue, may be divided into three separate business units.
Comment:
Has been planning a major reorganization, including the departure of long-time chief executive officer, Gary C. Wendt
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Oxford Health to raise rates and cut fees
Article Abstract:
Oxford Health Plans cautioned physicians that it will have to increase premiums and cut the fees that it pays to doctors and hospitals in order to improve its profits. The struggling Oxford was once considered to have great potential in the managed care industry. The company is studying plans for reducing its hospital network size. It will also be more aggressive in discouraging members from going to physicians who are not part of the Oxford network.
Comment:
Cautions physicians that it will increase premiums and cut fees that it pays to doctors and hospitals to improve profits
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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