Job News From: Forbes

Forbes.com: Business News

Pfizer's Nigerian Nightmare After years of legal maneuvering, Pfizer may soon face its Nigerian guinea pigs in court. Rebuilding Global Markets The latest analysis and commentary from across Forbes.com. Hollywood Ending? The movie business isn't recession-proof, after all. A Plague on All Their Houses Some hedge funds were taken for a $3 billion ride. Could they possibly be as witless as they claim to be? Tough 'Turn' Ahead For Wall Street Closing the books on 2008 will make Henry Paulson's plans even harder to accomplish.

Job News From: Yahoo! Business

Yahoo! News: Business Thu, 20 Nov 2008 22:49:29 GMT

S&P dives to lowest level since 1997 (Reuters) Reuters - Stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark Standard & Poor's 500 index to its lowest level since 1997 -- completing the erasure of more than a decade of stock market gains. Democrats demand Big 3 offer survival plan (Reuters) Reuters - Democratic congressional leaders seeking to salvage a bailout of the Big Three automakers demanded car executives provide a business survival plan on Thursday in exchange for their support for up to $25 billion in loans. Dell profit tops Street view, shares rise (Reuters) Reuters - Dell Inc, the world's No. 2 PC maker, posted a better-than-expected quarterly profit on Thursday as cost cuts offset lower revenue, sending its shares up about 6 percent. Citigroup shares tumble despite Alwaleed move (Reuters) Reuters - Citigroup Inc lost more than one-quarter of its market value as new support from its largest individual investor failed to ease worries over whether it will have enough capital to withstand billions of dollars of potential losses. Fannie Mae, Freddie Mac halt some foreclosures (Reuters) Reuters - Fannie Mae and Freddie Mac, the two biggest home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, one of the biggest moves to date by the government to stem the tide of evictions and home losses. FTSE suffers losses (AFP) AFP - London shares were in the backfoot on Thursday as recession fears deepened on new data showing a surge in US jobless claims. Fannie Mae, Freddie Mac halt some foreclosures (Reuters) Reuters - Fannie Mae and Freddie Mac, the two biggest home loan finance companies, on Thursday said they would suspend foreclosures of occupied homes until early 2009, one of the biggest moves to date by the government to stem the tide of evictions and home losses. British retailers discount to lure shoppers (AP) AP - Britain's top retailers are hoping unusual pre-Christmas discounts can convince consumers to open their wallets during a holiday season that coincides with a looming recession.

Job News From: NPR

NPR Topics: Business Thu, 20 Nov 2008 16:28:00 -0500

Congress Stalls Automakers' Bid For ReliefAfter the Big Three auto executives spent two days seeking support on Capitol Hill for a bailout, the grand finale is no finale at all. Democratic leaders say they are delaying a vote until the auto companies present a plan showing how they will restructure their business. GM, Chrysler Keep Low Profile At L.A. Auto ShowAmid job cuts, restructuring and pleas to Congress for financial aid, General Motors and Chrysler are represented, but not making much of a splash, at this week's Los Angeles Auto Show. Addressing The Threat Of DeflationAs central banks continue to slash interest rates almost to zero, prices can plummet. It creates a liquidity trap, as it did in the 1930s and in Japan during the 1990s. Harvard economist Kenneth Rogoff outlines what deflation could mean for modern America. Restored Fontainebleau Graces Miami BeachThe Fontainebleau Hotel was once the height of Miami Beach sophistication. Now the hotel will reopen after a $1 billion renovation, but it's not clear the Florida economy is ready to support it. Markets Defying Government Rescue EffortsTreasury Secretary Henry Paulson said this week that financial markets have "stabilized" But the daily numbers don't agree. Bank stocks remain under pressure and the credit market worsened again Wednesday. Are the government's actions producing the desired results? Detroit Automakers Face ExtinctionIn recent decades, U.S. automakers ignored both fuel economy and beauty. If they don't change their ways, other companies and other means of transportation will succeed — and Detroit will become a dinosaur. Drop In Oil Prices Helps Send Dow Lower, TooThe Dow Jones industrial average takes yet another tumble as the price of oil drops below $50 a barrel. Is Out Of Town News On Its Way Out?A Harvard Square landmark may soon fall victim to the decline of the newspaper business. For more than 50 years, Out of Town News in Cambridge, Mass., has offered newspapers from all over the world. Electric Car Carries Clean-Energy Investors' HopesSilicon Valley venture capitalists are investing in clean energy, with the electric car their vehicle of choice. While the economic meltdown has crimped immediate sales plans, electric-car manufacturers hope for a thin slice of the $25 billion auto industry bailout being considered by Congress. Argentine Farmers Try To Weather Economic WoesUntil just a few months ago, farmers in Argentina were thriving like never before. Now, they are facing the pressures of a worsening international economy, as well as drought. Demand for crops is plummeting as costs for fertilizers, herbicides and other necessities have gone up. The Art Of Convincing People To Buy In Rough TimesAdvertising campaigns must adjust to the fact that people are more cautious about spending money right now. Romi Mahajan, chief marketing officer for the digital ad agency Ascentium, discusses how companies are revamping their strategies. How On Earth Are Boutiques Surviving?Every city has its specialty shops that raise eyebrows— even in good times — about how they can break even. We look at how these stores are faring now, when times are tough for everyone. Some owners are more optimistic than others. Thrift Stores Boom While Other Shops SufferUsed clothing stores are thriving in the tanking economy. Donna Speigle, owner of The Snooty Fox, which offers previously worn designer duds at a fraction of the original price, says sales are up 17 percent at her eight stores in the Cincinnati area. IPhone Embraces Voice Recognition TechnologyGoogle has updated its search function for Apple's iPhone to now include voice recognition software. This allows for spoken search queries without having to press any buttons. John Markoff, senior technology writer for The New York Times, talks about how to use the new software. Cal State Schools May Slash EnrollmentThe California State University system may cut student enrollment by 10,000 students because of a statewide budget cuts. Allison Jones, assistant vice chancellor of the California State University system, explains what the move could mean for current and future college students.