Job News From: Forbes

Forbes.com: Business News

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 Mumbai Will Rise Again The carnage is horrible. But India is already staging a comeback

Job News From: Yahoo! Business

Yahoo! News: Business Fri, 05 Dec 2008 01:10:01 GMT

Stocks fall on sliding energy sector, weak outlooks (Reuters) Reuters - Stocks fell on Thursday as a sharp drop in oil prices sent the energy sector tumbling and disappointing profit outlooks from large companies such as Merck raised the specter of a worsening economy. Senators grill auto CEOs, eye GM-Chrysler deal (Reuters) Reuters - The chief executives of General Motors Corp and Chrysler LLC said they would consider restarting merger talks if needed to win their slice of up to $34 billion in emergency U.S. government aid. Fed officials say not running out of policy tools (Reuters) Reuters - The year-long U.S. recession has taken a turn for the worse recently, two top Federal Reserve policy-makers said on Thursday, raising expectations for aggressive policy action by the central bank as soon as next week. GM, Chrysler say could reconsider merger (Reuters) Reuters - General Motors Corp and Chrysler LLC said on Thursday they would be open to a merger if the U.S. government mandated it as a condition for providing the emergency financing they say is needed to allow them to survive into 2009. November retail sales drop, investors hope for bottom (Reuters) Reuters - Many retailers posted sharply lower November sales at stores open at least a year, prompting some investors to pour into the sector on hopes the dismal results signaled a bottom for share values. London stocks end flat on rate cut (AFP) AFP - The FTSE 100 index of shares closed flat on Thursday as investors took stock after the Bank of England's decision to sharply cut interest rates to their lowest level in 57 years. 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. Kashkari: Treasury considering mortgage rate plan (AP) AP - The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. 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 Thu, 04 Dec 2008 18:10:00 -0500

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." The Man Who Predicted The Economic MeltdownAs one in a small group of analysts who publicly predicted the collapse of the American financial system, Peter Schiff was a lonely — and much maligned — voice on cable's financial news shows. Recession Puts Dent In Auto Body Shop's BusinessQuality Colors, a well-regarded auto body shop in Dallas, has taken some dings since the economic downturn. While it recently has done roughly $1.3 million a year in business, its bosses expect the nine-person shop will bring in only $800,000 for 2008. Q&A: Detroit Continues Its Rescue CampaignThe CEOs of Ford, General Motors and Chrysler are back on Capitol Hill asking for $34 billion in loans for the faltering U.S. auto industry. Despite detailed restructuring plans submitted to Congress earlier this week, questions linger. Here, a look at some of the issues. Automakers Present Final PleaExecutives of GM, Ford and Chrysler are presenting their latest bailout requests to Congress Thursday. The automakers are asking for as much as $38 billion dollars in loans to keep the industry alive. What are their chances of getting it? UAW Watches Congress CloselyAs the Big Three make their cases in Washington, United Auto Workers members in Lansing, Mich. are watching with trepidation. Retired GM worker Gary Watson discusses the proceedings on Capitol Hill and how UAW members are reacting. Treasury Considers Foreclosure PlanThe Treasury is considering a plan to help people in foreclosure trouble. They may urge banks to give new mortgages at lower rates in an effort to keep people in their homes. Wall Street Journal reporter Deborah Solomon discusses the proposal. Teacher Raises Money By Placing Ads On TestsA San Diego teacher didn't get a sufficient budget to print the quizzes he needed for his high school math class. So he decided to get creative. We talk to Tom Farber about his idea and what kind of response he's gotten from the community. Billionaire Eli Broad Offers To Bail Out L.A. MuseumThe Los Angeles Museum of Contemporary Art is in serious financial trouble. The museum has rising operational costs and is not receiving enough money from donors. Philanthropist and art lover Eli Broad discusses the conditions of his $30 million offer to save MOCA.