Job News From: Forbes
Forbes.com: Business News
- Gray Is The New Green Tom Casten has the money and the know-how to generate huge amounts of clean power without bothering with costly solar and wind energy.
- Journey to the Center Of the Earth You want to cool your house? Start with hot rocks a few miles down.
- Blood Money Danny Porush went to jail for a pump-and-dump stock ploy. Now he's pumping medical supplies.
- Politico's Moment The upstart site for all things politics is the belle of the ball in Denver. But what happens after the election?
- More Intervention Risks Moral Hazard Central banks must avoid instability that could call for government bailouts a la Bear Stearns.
Job News From: Yahoo! Business
Yahoo! News: Business Thu, 28 Aug 2008 19:40:46 GMT
- Economy shows vigor, but seen flagging (Reuters)
Reuters - Strong exports and consumer spending supported by government stimulus checks pushed the U.S. economy ahead at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but growth is expected to flag as those factors fade.
- Boeing makes "best and final offer" to union (Reuters)
Reuters - Boeing Co said on Thursday it made its "best and final" contract offer to its largest labor union, the International Association of Machinists and Aerospace Workers (IAM).
- Lehman looking at cutting some 1,200 jobs: source (Reuters)
Reuters - Lehman Brothers Holdings Inc is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as weak financial markets spur layoffs across Wall Street.
- Wall Street rallies on strong GDP, weaker oil (Reuters)
Reuters - Stocks rallied on Thursday, led by major industrial and financial companies, as oil prices eased and data showed the economy grew more quickly than expected in the second quarter.
- Fannie's capital better than market perceptions: Lehman (Reuters)
Reuters - Fannie Mae's capital and reserves positions are better than market expectations, and the biggest U.S. mortgage finance company may not need any more externally raised capital, according to an analyst at Lehman Brothers.
- Thornburg survival in doubt, sees completing tender (Reuters) Reuters - Thornburg Mortgage Inc , a specialist in jumbo home loans, said its survival remained in doubt following additional margin calls, but it is on track to complete a restructuring and avoid collapse.
- Tiffany, Zale confident on holidays; shares jump (Reuters)
Reuters - U.S. jewelers are confident they will prevail this holiday shopping season, betting that upscale and middle-income customers won't resist buying baubles despite a weak economy.
Job News From: NPR
NPR Topics: Business Thu, 28 Aug 2008 13:00:00 -0400
- In Minnesota, Two DreamsOn the anniversary of Martin Luther King's I Have a Dream speech, we meet with two families — each striving for the American dream. Though they live just 10 miles apart, they face very different circumstances. One is well off, the other poor; one is black, one white. But they both value education and want a better life for their children.
- 'Marketplace' Report: Relief For Porn AddictsIn the newest test version of Microsoft's forthcoming Internet Explorer, consumers will have the option to surf without a "history." There are benefits to this feature beyond just prolonging marriages.
- Real Estate Agents Cater To Bicycle CommutersWith gasoline prices still high, many people are looking to move to areas with good bike lanes and bicycle stores. Real estate agents are catering to the niche market by donning helmets and hopping on two wheels to show off houses in bike-friendly neighborhoods. But not all agents are so eager to ditch their suits and cars.
- Bankruptcy Filings Jump, Most For IndividualsNearly a million people filed for bankruptcy in the year ending in June, up nearly 30 percent from the same period last year. Some of the bankruptcies are businesses, but most are individuals. Analysts say the weak housing market and widespread credit card debt are forcing more people to seek court protection from their creditors.
- U.S. Economy Beats Growth ExpectationsThe U.S. economy grew at a better than expected 3.3 percent rate in the second quarter, according to a report Thursday from the Commerce Department. But tax rebate checks and the weak dollar fueled the boost, and experts don't expect the healthy economic growth to last.
- Newspaper's Woes Hit Journalists' Training GroundFor a century, University of Missouri journalism students have learned the craft by working at the Columbia Missourian. But now that newspaper's troubles could lead to big changes and take away a training ground for student journalists.
- Bracing For A Second Wave Of Home ForeclosuresThere is growing concern that the home foreclosure crisis may worsen next year as lenders are hit by a new category of loans that haven't caused much trouble. Bank analysts say they expect delinquency rates on so-called "option ARMs" to continue rising, and those loans could cause as much trouble as subprime loans did.
- Fannie Mae Shuffles Top ExecutivesTroubled mortgage finance giant Fannie Mae has announced a management shakeup, but its chief executive will keep his job. Fannie Mae has been struggling to persuade investors that it has the capital to keep operating and avoid a government bailout.
- The McEnroe Rule: Less Punditry Is MoreSportscaster John McEnroe, who as a tennis champ was known for his temper tantrums, has declared that in covering a great match, sometimes the key is to withhold comment till things play out. If only his brethren in the cable news world followed suit more often in covering politics.
- 'Marketplace' Report: Broke BanksThe number of shaky U.S. banks is at the highest level in about five years and bank profits plunged by 86 percent in the second quarter according to the Federal Deposit Insurance Corporation. Madeleine Brand talks to Marketplace's Bob Moon about how to keep your money safe.
- A Battle To Be The Biggest StadiumFor decades, University of Michigan's football stadium, known as "The Big House," has had the largest capacity of any venue in the country. An accessibility lawsuit is reducing its capacity, leaving the title to Penn State's Beaver Stadium. So Michigan is spending $226 million on improvements to include more seats.
- Barbie's Maker Wins $100 M In Bratz LawsuitA federal jury awarded $100 million to Mattel, maker of Barbie dolls, after a long-running legal battle with a smaller toy company, MGA, that sells Barbie's competitor. Mattel says the Bratz dolls' designer conceived the idea while on Mattel's payroll, meaning Bratz and their earnings should belong to Mattel. Mattel had sought nearly $2 billion.
- Poverty Rate Reflects Stalled Economy, Experts SayThe U.S. Census Bureau reports real median household income rose slightly last year, and the official poverty rate stayed roughly the same as in the previous survey. The share of people without health insurance dropped slightly, as well. Some budget experts say the numbers demonstrate that the economy has stopped expanding.
- 'One Laptop' Falls Short Of Education GoalsOne Laptop Per Child was an ambitious promise to children in the third world. The project has had trouble with its leadership, finances and competitors. Instead of the legacy of education for third-world children, the One Laptop Per Child program has spurred an industry in low-cost laptops for consumers.
- Computer With Bank Customers' Info Sold On eBayA British man bought a computer on eBay for $65, and when he turned it on, he found the names, addresses, credit card numbers, account numbers, mother's maiden names, even signatures for a million customers of big financial institutions.