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Mexicana Airlines, which declared bankruptcy earlier this month, announced Friday it will cease all operations by midday Saturday.

That includes one daily flight between Mineta San Jose International Airport and Guadalajara, Mexico's second-largest city, located in the state of Jalisco.

The airline had stopped four weekly flights between San Jose and the city of Morelia, in the state of Michoacan, earlier this month.

David Vossbrink, the airport's communications director, said Mexicana actually suspended its flight between San Jose and Guadalajara earlier this week. He said a local representative of the airline told airport officials Friday that flight would be suspended at least through Sept. 30.

Vossbrink said passengers who need to fly to Guadalajara still can do so on Volaris Airlines, a low-cost Mexican carrier that launched that flight April 30 business

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Apple Inc. is reportedly renewing efforts to get TV networks to offer their shows on iTunes for as little as 99 cents per show.

The report from Bloomberg, based on unnamed sources, comes as Apple (NASDAQ:AAPL) is widely expected to be ready to announce a new product called iTV next month.

Bloomberg said that Apple is in talks with News Corp's Fox network, as well as with CBS Corp., NBC Universal and Walt Disney Co. Apple CEO Steve Jobs is Disney's biggest shareholder and is on the company's board instant personal loans guaranteed.

The plan would be for shows to be available for only 48 hour rentals, as opposed to being sold for permanent use as many shows are now available at higher prices on iTunes. They would be available within 24 hours of airing and have no commercials.

The new iTV service and programs are expected to be announced at an event in San Francisco on Sept. 7, Bloomberg reported.

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Even if the costly state pension system undergoes reform, taxpayers could get stuck with a hefty bill.

Under the current system, unfunded benefit liabilities – the amount states owe in promised retirement benefits beyond what they’ve collected — exceed $3 trillion.

But even moderate policy changes, which are highly controversial, would only trim that amount by a pinch, according to a recent study released Thursday by Northwestern University economist Joshua Rauh.

For example, reducing cost-of-living adjustments by 1% would decrease the total liabilities by up to 11%, while raising the retirement age by one year would cut costs by up to 4%.

And even more severe changes, like eliminating cost-of-living adjustments and implementing Social Security retirement age parameters would only shave the bill by half to $1.5 trillion, the study said.

"The bottom line is that even much more drastic versions of the policy actions currently being discussed don’t come close to solving the problem, since so much of the pension debt is owed to workers who have already retired," Rauh said instant payday loans.

He added that more than half of the unfunded liabilities are owed to workers who have already retired, and instead of seriously considering the idea to cut current retirees’ benefits, states are focused on revamping the system to affect new workers.

"Assuming states don’t start defaulting on their bonds and other debt, it seems like taxpayers will be footing most of the multi-trillion dollar bill for the pension promises that states have already made to workers."

Earlier this year, Rauh predicted that pension funds in at least seven states could dry up by 2020, and 31 states could be in trouble by 2030.  

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Wendy’s/Arby’s Group Inc. is continuing its international expansion.

The Atlanta-based restaurant company announced a deal Tuesday between its international subsidiary and a Russia-based franchisee to open 180 dual-branded Wendy’s/Arby’s locations in Russia in the next 10 years.

“Russia is a dynamic market which offers significant long-term expansion potential,” Wendy’s/Arby’s CEO Roland Smith said in a release.

The deal is with Moscow-based Wenrus Restaurant Group Ltd., an affiliate of Food Service Capital, operators of 28 restaurants, including Goodman Steak House locations in Moscow, Novosibirsk, Kiev and London, according to information from Wendy’s.

Wenrus CEO Alexander Kovaler said in the release that Wendy’s and Arby’s are high-quality brands with menus that will differentiate its business from other restaurant chains in Russia.

The deal is the latest in a series of international agreements announced by the chain in the past year, including for 35 Wendy’s locations in Singapore, a 135 dual-branded restaurant deal covering nine countries in the Middle East and North Africa, and 100 Arby’s in Turkey No teletrak payday loan. Restaurants in Singapore and Dubai have opened under those deals.

The company, as of April, had 305 locations outside the U.S. and Canada, predominately Wendy’s restaurants. The bulk of them are in Venezuela, Puerto Rico, the Philippines, Honduras, Indonesia and Mexico.

Wendy’s/Arby’s Group (NYSE: WEN) earned $5.1 million last year on revenue of $3.6 billion.

There are 10 Wendy's and nine Arby's in Albuquerque.

Read more: Wendy’s adds four new salads - New Mexico Business Weekly

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Fallon Community Health Plan’s insurance premium increases for small businesses, submitted in April to the Division of Insurance, were justified, according to an independent administrative panel. It’s a win for the state’s fourth largest insurer, which along with all other state health plans, has been locked in a four-month battle with Governor Deval Patrick’s administration over how much is too much to charge small businesses for health care.

An independent administrative panel reversed the DOI’s previous decision to disapprove rates that were proposed for April, May, and June. There is no decision yet on whether the rates submitted for July, for the following year, will be approved or not. Since April, all of the state’s insurers have been required to charge last year’s rates.

In the document detailing the decision, the panel wrote: “Fallon has adequately described its cost containment programs, documented its realized cost savings from its cost-containment efforts and proved that its cost-containment programs, including its utilization programs, are adequate in organizational structure, commitment by senior staff, scale, effectiveness and responsiveness, and has shown that it adjusts its practices to control utilization by implementing new programs”

Fallon CEO Pat Hughes said in a statement, “We are very pleased that the panel agreed that the rates we filed are reasonable and should not have been disapproved. FCHP continues to do everything in its power to control costs and hold down premiums.”

The DOI “strenuously disagrees with the decision. It’s based on outdated notions with respect to health insurance premiums, that any costs can be passed on and the sky’s the limit,” Barbara Anthony, Undersecretary of the Office of Consumer Affairs and Business Regulation, said in an interview.

Anthony said the DOI will continue to talk to Fallon to try to negotiate a settlement that would apply both to the spring premium rates that were just reinstated, and the rates beginning in July.

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Bob Rubin and Hank Paulson. Vernon Jordan practically lives in the intersection of finance and politics. Heck, even John Edwards took a sabbatical at private equity/hedge fund firm Fortress Investment Group (FIG) between campaigns. Although Edwards’ explanation — that he wanted to understand more about how Wall Street worked so as to be better able to help the poor — was laughable. We’d ask Kasich why he was motivated to work at Lehman, but we can’t get the man on the horn.

Under pressure from local media, Kasich recently released his 2008 tax return that showed he earned nearly $600,000 from Lehman that year. That’s not much, relatively speaking, but that was also a very bad year for Lehman. It would be interesting to know what he was paid in 2004 or 2005, something Mr. Kasich’s campaign refuses to reveal. And even when he’s spoken about Lehman, he’s been brief. "Here’s the truth," he said in a campaign advertisement. "I didn’t run Lehman Brothers. I was one of 700 managing directors. I worked in a two-man office in Columbus."

Truth be told, we’re not sure where we’re supposed to go with that. Is he trying to say that the folks at Lehman had no interest in John Kasich being in charge of anything but a two-man operation? (If he was even in charge of that.) What kind of message does that send to the voters of Ohio?  

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A southern California law firm is expanding its Bay Area presence with the hire of 12 attorneys in Oakland from McDonough Holland & Allen P.C., which is disbanding.

Burke Williams & Sorensen LLP said it will bring on the 12 Oakland lawyers who specialize in public law, which involves counseling cities, counties or taxpayer-funded districts.

Burke Williams will also hire one public law attorney from San Francisco’s Hanson Bridgett LLP, who will join the new attorneys in Oakland.

The hires are effective Sept. 1 and account for nearly all of the lawyers in McDonough’s Oakland office.

McDonough, based in Sacramento, has been beset by an exodus of lawyers. The firm’s revenue slumped as transactional and litigation cases declined last year. Firm managers said they will shut down the firm by this fall.

The hires give Burke Williams & Sorensen 25 lawyers in the Bay Area. The firm opened a Menlo Park office two years ago. That location has 9 lawyers.

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Ford Motor continued its successful turnaround as better-than-expected sales and profits easily outdistanced expectations and reversed the operating loss of a year ago.

The automaker earned $2.7 billion, or 68 cents a share, excluding special items. The consensus forecast of analysts surveyed by Thomson Reuters was for earnings of 40 cents a share, and Ford easily topped even the most bullish forecast of a 48 cent a share profit.

The results were the best quarterly results for Ford in six years and marked the fourth straight quarterly operating profit for the company, which had suffered more than than four years of steady losses before it returned to profitability in the second half of last year.

Ford was the only major U.S. automaker not to go through bankruptcy in 2009, but its year-ago results were still hurt by overall weakness in the U.S. economy and one of the worst quarters of overall auto sales on record. It suffered an operating loss of $638 million, or 21 cents a share, in the year-earlier period.

The company has been steadily gaining market share over the last year, with the introduction of critically-acclaimed new vehicles. A year ago it was behind both General Motors and Toyota Motor (TM) in U.S. sales, but it moved back in front of Toyota this year.

Even better results ahead. "We are ahead of where we thought we would be despite the still-challenging business conditions," said Ford President and CEO Alan Mulally in a statement. "We remain on track to deliver solid profits and positive automotive operating-related cash flow for 2010, and we expect even better financial results in 2011."

The company posted net income of $2.6 billion, or 61 cents a share, compared with $2.3 billion, or 69 cents a share, in the year-earlier quarter, when a conversion of debt to equity gave its bottom line a one-time boost easy payday loans.

Charges in the most recent quarter associated with the plans to discontinue the Mercury brand were partly offset by a gain from Ford’s sale of its Volvo unit to Chinese automaker Geely.

Revenue at Ford, the No. 2 automaker in terms of vehicles sold in the United States, rose 17% to $31.3 billion, up from $26.8 billion a year ago, topping forecasts of sales of $29.8 billion. The number of vehicles sold worldwide rose 19% to 1.4 million.

Experts were impressed with Ford’s results. Shelly Lombard of debt rating service Gimme Credit, said that while Ford’s strong first quarter results were party due to stumbles at Toyota, GM and other competitors, its ability to do even better in the second quarter was a sign of strength at the company itself.

"Ford appears to have more operating momentum [than GM]," she wrote. "If it can keep turning that momentum into cash, it should be able to reach its goal of zero net debt this year."

She cautioned that success was not guaranteed, given the uncertainty about the strength of the overall U.S. economy. But Erich Merkle, president of Autoconomy.com, an industry analysis firm, said he believed that better times were ahead, given Ford’s success amid still-weak U.S. auto sales.

"I was anticipating them to beat forecasts because their production was very strong and they were strong on truck sales," he said. "But this far exceeded anything I was looking for."

Shares of Ford (F, Fortune 500) rose 5% in Friday trading. Shares have climbed 73% in the last 12 months through the close of trading Thursday, although they have slipped 17% from their 52-week high in April. 

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In a letter sent to Hawker Beechcraft Corp. employees on Friday, the company’s vice president of human resources, Rich Jiwanlal, said claims by its machinists’ union about the number of potential job cuts were “not true.”

International Association of Machinists and Aerospace Workers District 70 President Steve Rooney said in his own letter to machinists last week that talks with the company had given the impression of a “bleak” future for the company in Wichita.

“The picture we are getting is of a Hawker Beechcraft Wichita that will shrink almost immediately by 75 percent or more within two years, without a guarantee of even the last few jobs staying,” Rooney’s letter stated.

Jiwanlal’s letter refuted that claim.

“Some news sources have speculated that 50-75 percent of our company’s workforce is being reduced,” Jiwanlal said installment payday loans. “This information is simply not true. While no employer can guarantee having no job losses, especially in this economy, it is our intent to keep HBC highly competitive. Many conversations will occur over the next few months, and rumors may continue to manifest themselves during this time. Let’s stay focused on what we need to do each and every day to ensure the highest quality aircraft are delivered to our customers.”

In another letter to employees earlier this week, Hawker Chairman and CEO Bill Boisture acknowledged that the company was looking at locations both in and out of the U.S. to relocate some work.

However, Boisture said, no decisions on any relocation have been made.

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Volkswagen AG CEO Martin Winterkorn touted his company's efforts Monday to grow to be the world's biggest car maker, including an expansion of its new car lab in the Bay Area.

"We want to take Volkswagen to the top of the industry by 2018," Volkswagen CEO Martin Winterkorn told reporters at the company's Electronics Research Laboratory in Palo Alto.

The visit was timed to mark the launch of VW's sixth-generation Jetta, which will be available as a hybrid in 2012 and an all-electric vehicle in 2013.

VW's lab, meanwhile, is reportedly moving from 40,000 square feet in Palo Alto to 157,000 square feet in Belmont. That is expected to grow the team of engineers and scientists working there from 40 to as many as 100 in the future. The lab first opened in Sunnyvale with three workers in 1998.

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