NEW YORK -- After a customer backlash, Verizon Wireless on Friday dropped a plan to start charging $2 for every payment subscribers make over the phone or online with their credit or debit cards.
In a statement on its website Friday, the company said "customer feedback" prompted the decision to drop the "convenience fee" it wanted to introduce Jan. 15.
Verizon wanted to steer people to electronic check payments, which are cheaper, and automatic credit card payments, which are more reliable.
A petition on Change.org against the fees had gathered more than 95,000 names by Friday afternoon, a day after Verizon, the country's largest cellphone company, announced the fees. The petition was set up by Molly Katchpole, who earlier this year started a successful campaign to make Bank of America drop a $5-per-month fee for debit-card use.
4,300 Chevrolet Sonics recalled due to brake pads
DETROIT -- General Motors Co. said Friday it is recalling more than 4,000 of its 2012 Chevrolet Sonic subcompact cars to check for missing brake pads.
The possibility that some Sonics could be missing an inner or outer brake pad was discovered during warranty service for a rental vehicle customer. GM said the problem "is expected to exist in very few cars," and there are no known crashes or injuries related to the issue. The lack of a pad could lengthen stopping distance or contribute to a crash.
The recall involves 4,296 of GM's 2012 Sonics sold in the U.S. The affected models are from the Orion Township, Mich., assembly plant, where the Sonic is built for sale in the U.S. and Canada.
Express Scripts contract with Walgreen ends today
INDIANAPOLIS -- Walgreen Co. Chief Executive Greg Wasson said Friday that chances are "slim to none" that the drugstore operator will reach an agreement with pharmacy benefits manager Express Scripts before their current contract ends today.
Walgreen announced it is taking several steps to help patients covered by an Express Scripts pharmacy network to continue to use Walgreens locations after the agreement ends. It expects to continue working with more than 120 Express Scripts clients, which include employers and health plans.
Express Scripts Inc. pays Walgreen and other drugstore operators to fill prescriptions. The companies have said since June that they were preparing to stop business once their three-year contract ends. Walgreen has said it would rather give up the revenue it gets from Express Scripts, which is based in St. Louis, than continue filling unprofitable prescriptions.
Euro in crisis after first decade in circulation
PARIS -- Just three years ago, the euro was being praised as the can-do currency that had delivered unprecedented prosperity in Europe.
Now, it's widely derided as a hugely flawed experiment in the wake of a debt crisis that's threatening its existence -- an uncomfortable backdrop as the currency's notes and coins hit their first decade in circulation on Sunday.
The question is: Will the euro get to its 11th birthday? In the euro's tumultuous short history, it has already been heralded as the ultimate mark of a peaceful, united Europe; it's been scoffed at as a giant act of hubris by a distant political elite; and it's been credited with giving Europe a more influential voice in the world.
These days, as it faces its biggest crisis yet, the euro is a daily reminder to more than 330 million people of the dismal state of the economy in the 17-nation eurozone. Many countries seem headed back into recession, and policymakers are grappling with a spiraling debt crisis.