9 Business Moves of The Year

8. Post-Election grudge against Obama

President Obama’s re-election didn’t seem very pleasing to many CEOs who had announced layoffs after the re-election stating that they had no other choice. Murrey Energy CEO strongly stated that the coal industry would suffer because of Obama and other Democrats. The statement took real face when he fired 102 employees at its Utah mine and 54 at one of its southern Illinois mines. The CEO of Applebees also told fox news that he might also have to fire few workers while a similar statement came from CEO of Pappa Jhon’s. But all these efforts seemed pointless after Obama got re-elected in a very cheerful manner.

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9. Bad Medicine Causes Meningitis Outbreak

Hardly people knew about what a compounding pharmacy is before it killed 38 patients and sickened 440. After the incident people are strongly revolting against the fungal outbreaks meningitis and compelling for regulations to be put. The fault of the contaminated drugs came out from the New England Compounded centre, in Framingham, Massachusetts. Many lost the license of the business founded by Barry Cadden. US Representative Edward J. Markey, a Massachusetts Democrat and a member of the oversight and investigations subcommittee, said in a statement, “Barry Cadden will have much to answer for when he appears before Congress this week at hearings, and I plan to ask state and federal authorities how these companies were able to fall through regulatory cracks and serious violations go unaddressed” as stated by The Boston Globe.

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