Job News From: Forbes

Forbes.com: Business News

Global Economic Crisis Lacks Precedent With the private sector paralyzed, governments have turned to interventionism. The Next Disaster Narco violence is exploding--just as oil prices are plunging and Mexico is bracing for a deep U.S. recession. Strapped Local Stations Look To Web For Cash As advertising falters, station managers have big plans for the Internet. Rebuilding Global Markets The latest analysis and commentary from across Forbes.com. Car Sharing The planet's getting crowded and streets more congested. Might be time for carmakers to stop making cars--and sell transportation instead

Job News From: Yahoo! Business

Yahoo! News: Business Fri, 05 Dec 2008 10:34:30 GMT

Wall Street headed for mixed start (Reuters) Reuters - * Stock futures pointed to a mixed start on Friday, as investors await key non-farm payrolls data. Futures for the S&P 500 and the Dow Jones industrial average were up 0.3 and 0.4 percent, respectively, and those for the Nasdaq were down 0.6 percent. All eyes on job losses (Reuters) Reuters - China and the United States sparred on Friday over how to handle an economic crisis that has forced central banks around the globe into a series of dramatic interest rate cuts. Morgan Stanley widens Goldman Sachs loss view (Reuters) Reuters - Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc , citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm's illiquid asset and principal investment portfolios. Julius Baer CEO dies unexpectedly (Reuters) Reuters - Alex Widmer, the chief executive of Bank Julius Baer and a well respected figure in Swiss private banking, has died unexpectedly at the age of 52, the bank said on Friday. Understanding but no consensus on auto bailout (Reuters) Reuters - There is broad understanding of distress but no consensus yet in Congress to rescue U.S. automakers as industry chiefs hope on Friday to advance their case in a second appearance before lawmakers in two days. Global stocks fail to get lift from rate cuts (AFP) AFP - Global stock markets failed to get a lift from dramatic interest rate cuts from central banks around the world, and Wall Street shares were hammered as rising job cuts and economic fears hit sentiment. Mexican Senate passes stricter credit rules (AP) AP - Mexico's Senate has approved stricter consumer credit rules, banning lending practices considered predatory. Mortgage plan shows increased gov't role (AP) AP - If you're looking for a mortgage, Uncle Sam may be the only game in town. Dreary November sales results in focus (AP) AP - People's shopping binges ? fueled by deep discounts ? on the day after Thanksgiving didn't prevent retailers from having a terrible November, which turned out to be the worst month since at least 1969. The biggest exception was Wal-Mart Stores Inc., which reported a solid sales gain.

Job News From: NPR

NPR Topics: Business Fri, 05 Dec 2008 06:00:00 -0500

Automakers Request $34 Billion In LoansThe Detroit auto companies made another pitch to the Senate Banking Committee for massive loans to keep operating. They were more contrite than last month and offered a lot more details. But it is still unclear whether they will get the $34 billion they say they need to keep going. The auto executives will appear before the House Financial Services Committee Friday. Business NewsRenee Montagne has business news. Bernanke: Foreclosure Trend Needs To StopFed Chairman Ben Bernanke is urging more be done to stem the flood of foreclosures. Bernanke called on the government Thursday to get more involved, and hopefully spare the U-S economy even more damage. How To Properly Lay Off WorkersThe labor market just keeps getting worse. AT&T, Dupont, NBC and Credit Suisse announced layoffs this week — and they weren't alone. Throughout the business world, managers have been calling people in, and giving them the bad news. There can be a right way — and a wrong way — to let workers go. Last Word In BusinessRenee Montagne has the Last Word in business. Where Did The Money In The Housing Market Go?Over the past year, the collapse of the U.S. housing market has left many homeowners dazed. Their biggest asset is suddenly worth thousands, or even hundreds of thousands of dollars, less than it was worth just a couple years ago. So where did all that money go? In A Recession, Can Consumers Afford To Skimp?The confirmation that the U.S. economy is now officially in recession has the potential to shift people's thinking and spending habits. Penny-pinching in response to hard times can have an effect on the real economy, and some economists warn that could make it harder to dig out of the downturn. Automakers' National Security Claims QuestionedIn making their case for a $34 billion government bailout, the Big Three automakers have warned Congress that allowing them to go bankrupt would hobble the nation's economy. They also say it would be devastating to national security — an argument many defense experts say is dubious. GM CEO Outlines Company's PlansGM CEO Rick Wagoner is back on Capitol Hill this week with the chief executives of Ford and Chrysler to convince Congress that the automakers need federal help and are prepared to make sacrifices in return for taxpayer money. UAW Workers Ponder Their FateThe United Auto Workers union has taken a beating in Congress, with some lawmakers suggesting it is largely to blame for most of the U.S. auto industry's troubles. The UAW now says it is willing to put everything on the table in order to help automakers get government aid. Bill Would End Manufacturers' Price-Setting PowerA fight is brewing in Washington over whether manufacturers should have the right to set minimum retail prices for the products they make. For nearly a century, courts have banned the practice under antitrust laws, but the Supreme Court overturned that in 2007. Treasury's 4.5 Percent Mortgage Plan AnalyzedFed Chairman Ben Bernanke has outlined what the government needs to do to fix the mortgage crisis. Christopher J. Mayer, senior vice dean and Paul Milstein professor of real estate at Columbia Business School, talks about what the plan would entail. Automakers Get Second Chance To Pitch For BailoutThe Senate banking panel has held a hearing on why Congress should give the troubled automakers $34 billion in federal loans. The CEOs of the Big Three automakers, United Auto Workers President Ron Gettelfinger and economist Mark Zandi testified. In Times Of Cheap Gas, Hybrid Sales StallWith gas prices under $2 in some places, the sales of hybrids such as the Toyota Prius have fallen. Toyota has sold about half as many Priuses in November as it did in November 2007. Fans of the cars say they are not worried, however. Gore Group, Industry Butt Heads Over 'Clean Coal'An organization headed by former Vice President Al Gore released a television ad Thursday that takes on so-called clean coal technology. A debate is raging between environmental advocates and industry officials over the technology — and even the definition of the term "clean coal."