Money Matters: FAA may relax guidelines for electronic devices

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September 26, 2013, 7:52 am
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(NECN) - We’re checking in on the day’s business headlines:

A judge has sided with shareholders of the Massachusetts-based Market Basket over a 300-million dollar payout. According to the Globe, the payout had been authorized by the chain's board of directors, all members of the Demoulas family. Market Basket President Arthur T. Demoulas has been in a long-running legal battle with the board over the company's management. He was nearly ousted by the board earlier this year.

The cost of sending a letter could be going up. The U.S. Postal Service is proposing a three-cent price increase for stamps, beginning in January. The postal service must first get the approval of its regulatory panel before it can raise prices. If it does get approval, the rate hikes are expected to raise two-billion dollars for the cash-strapped service.

Barnes and Noble has announced member appreciation days for its new and current members. The retailer is kicking things off with a money saving offer, in hopes customers will get a head start on their holiday shopping. Thursday through Sunday, members will receive a 20-percent in store discount on almost everything.
The FAA may soon give the all clear for some electronic devices to be used aboard planes. If the current rules are relaxed, passengers would be allowed to use e-books, tablets and other publications, along with previously downloaded podcasts and movies. The ban will still remain in place for phone calls, emails, text messages and Wi-Fi. New guidelines are expected to be announced by the end of the month.

Tags: business , stamps , FAA, Barnes and Noble, Market Basket, Money Matters, us postal service, Arthur T. Demoulas
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