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    2009/1/6 نسخه فارسی

Business News Headlines

: 1/6/2009 6:13:30 AM

Reuters: Small Business News
  • Insurance for fire, flood -- why not recession?
    WASHINGTON (Reuters) - Mortgage lenders often require homeowners in flood-prone areas to carry special insurance. Should banks make companies buy recession insurance from governments before they can borrow?


  • Apparel makers to ask retailers for concessions: report
    (Reuters) - Clothing manufacturers, irked by the deep holiday discounts offered by retailers, may force department stores to absorb a larger chunk of the markdowns, Bloomberg reported.


  • Creative Tech cut workforce by half in 2008: report
    SINGAPORE (Reuters) - Singapore's Creative Technology , which makes digital music players, has cut its workforce by 2,700, or almost half, after the firm sold its manufacturing unit in Malaysia, a newspaper reported on Saturday.


  • Recycled Paper Greetings files Chapter 11
    LOS ANGELES (Reuters) - Recycled Paper Greetings Inc filed for Chapter 11 bankruptcy on Friday as part of its proposed sale to American Greetings Corp , while its investors charged that the suitor had illegally attempted to eliminate the independent greeting card company as a rival.


  • Labor Finders president sees pockets of staffing opportunity
    -- Deborah Cohen covers small business for Reuters.com. She can be reached at smallbusinessbigissues@yahoo.com --


  • Hoku unit forms investment co to fund Hawaii project
    (Reuters) - Hoku Scientific Inc said its unit Hoku Solar Inc has formed an investment company along with United Fund Advisors to fund the photovoltaic power systems to be installed and operated in the State of Hawaii, sending its shares up 8 percent.


  • Innovation says to contest Allstate's C$75 million claim
    (Reuters) - Software firm Innovation Group said on Tuesday Allstate Insurance Co of Canada had initiated a C$75 million lawsuit against it related to a customised software, but rejected the claim terming it "speculative in the extreme and without foundation."


  • Stores to ramp up closings and job cuts in early '09
    ATLANTA (Reuters) - Retailers can be expected to speed up a wave of store closures, restructurings and job cuts in the coming weeks, hoping to get a fresh start in early 2009 after more than a year of recession.


  • NASA gives space cargo contracts to start-up firms
    CAPE CANAVERAL, Florida (Reuters) - NASA, rejecting aerospace giants Lockheed and Boeing, awarded $3.5 billion in contracts to start-up companies on Tuesday to deliver cargo to the International Space Station after the U.S. space shuttles are retired.


  • Despite slump, interpreters flourish in U.S. Babel
    TUCSON, Arizona (Reuters) - When a group of Chinese illegal immigrants were picked up by the U.S. Border Patrol in southern Arizona late last month, the challenge for the arresting officers was how to talk to them.


    •

    CBC | Money News
  • December auto sales stall
    General Motors said Monday that its Canadian sales for December dropped 19.5 per cent from a year ago as the economy sputtered and many auto companies reported weaker sales.

  • Obama expects speedy passage of U.S. stimulus package
    U.S. president-elect Barack Obama said Monday he expects Congress will approve a multibillion-dollar financial stimulus package within two weeks of his taking office.

  • Caisse boss quits after short tenure
    Only five months after he was named to the job, the head of Quebec's Caisse de dépôt et placement is quitting.

  • Mutual funds battered in 2008: Morningstar
    Twenty-three of the 24 equity fund indices Morningstar Research tracks posted losses of more than 20 per cent last year, and 20 of them had their worst year in at least a quarter-century, the company said Monday.

  • Housing starts to drop 16 per cent in '09: builders
    Canada's housing market will slip more than 15 per cent in 2009 and set this country on pace to fall further than the ultra-depressed U.S. homes market, according to a new report released by the Canadian Home Builders' Association Monday.

  • Show us Mackenzie pipeline decision in March: agencies to panel
    Two of three agencies that created the panel to review the proposed Mackenzie Valley natural gas pipeline in the N.W.T. are now pushing the panel to release its findings sooner this year.

  • Bombardier inks $2.1B US deal with German railway
    The railcar arm of Bombardier Inc. signed a $2.1-billion US contract with Germany's Deutsche Bahn railway, the Canadian company announced Monday.

  • Oil price reverses course in trading, ends Monday up $2.47 US
    Oil prices ended a turbulent Monday up almost $2.50 US as increased confidence regarding the possibility of more U.S. financial aid added to growing unease about the prospects for a number of oil-producing nations.

  • 4th pipeline bombing in northeastern B.C.
    A fourth explosion occurred at an EnCana Corporation natural gas facility in northeastern B.C., just east of Dawson Creek.

  • A quieter CES may make it easier to be heard
    With the economic downturn weighing heavily, big electronics manufacturers may hold off on flashy new product launches at annual Consumer Electronics Show.

  • OPEC's future blowin' in the wind
    For the Organization of Petroleum Exporting Countries, renewable power - not the sludge that comes out of the Alberta oil sands - is the biggest threat to the 48-year-old oil cartel's prosperity in 2009.

  • Institutional buildings buoy U.S. construction spending in November
    Construction on offices, prisons and other non-residential structures kept U.S. construction spending from falling farther than expected in November, according to figures released Monday.

  • Crystal, china maker Waterford Wedgwood files for bankruptcy protection
    Waterford Wedgwood PLC, the maker of classic china and crystal, filed for bankruptcy protection on Monday after attempts to restructure the struggling business or find a buyer failed.

  • Flaherty hints at tax cuts in upcoming budget
    Tax cuts could be included in the upcoming federal budget as one way of stimulating the economy in the face of a global financial crisis, Finance Minister Jim Flaherty said Friday.

  • U.S. jobless claims plunge unexpectedly
    The number of Americans filing for unemployment benefits fell below 500,000 for the first time since November, according to new figures released Wednesday, a positive economic sign that has some analysts scratching their heads.

    •

    BBC News | Business | UK Edition
  • Wedgwood goes into administration
    A number of firms owned by Waterford Wedgwood enter administration, as the parent firm appoints a receiver.

  • UK short-selling ban to be lifted
    A ban on the short-selling of financial shares is to be lifted, the UK's financial regulator confirms.

  • Adams shuts down 111 of its shops
    Adams Childrenswear closes 111 of its 271 stores in the UK, five days after calling in the administrators.

  • Full coverage of the UK economy, and tips on surviving the crisis
    Tips on surviving the financial crisis, and full coverage of the UK economy

  • Final Woolworths stores to close
    The final closure of the remaining 200 Woolworths stores is due to take place, the retailer's administrator says.

  • Caterpillar stops for four weeks
    Construction industry firm Caterpillar will stop production in Leicestershire for four weeks due to a drop in orders.

  • Apple's Jobs admits poor health
    Steve Jobs, head of Apple, has disclosed in a statement that he is being treated for a hormone imbalance.

  • Mortgage rationing gets tougher
    Mortgage lenders are continuing to demand larger deposits as they ration home loans to their customers.

  • Oil price rises on Gaza conflict
    Oil rises briefly above $48 a barrel on fears of heightened Middle East tension after Israel's offensive in the Gaza Strip.

  • Gas price cuts 'likely in spring'
    Scottish Power raises hopes that energy bills will fall after it cut prices - with rivals expected to follow suit.

  • On the first day of Christmas, my true love... filled in a tax return
    Some 620 people in the UK filed their tax returns online on Christmas Day, says HM Revenue and Customs.

  • Seaside mission
    Grand but faded, Blackpool strives to revive its fortunes

  • Vintage vinyl
    The 7 inch single is still making music after 60 years

  • Cracking up
    How Waterford Wedgwood ran out of steam

  • Negative rates
    Could the interest paid on our savings fall below zero?

  • Robert Peston
    No news from big companies is good news

  • Cheer up
    Entrepreneur Sir David Tang on the risks of pessimism

  • Cameron makes savings tax pledge
    David Cameron proposes to axe tax on basic rate taxpayers' savings and to increase pensioners' tax free allowances.

  • Obama says US economy 'very sick'
    US President-elect Barack Obama says that America's economy is very sick and that the situation is worsening.

  • Thatcher pays tribute to Walters
    Lady Thatcher leads tributes to her "fearless" economics adviser Sir Alan Walters, who has died aged 82.

    •

    NPR Topics: Business
  • Amid Slumping Sales, Borders Replaces CEO
    With holiday sales down almost 12 percent, Borders has replaced its CEO and it appears the bookseller might be delisted from the New York Stock Exchange. The company has named Ron Marshall as its new CEO; he replaces George Jones.

  • SEC Watchdog To Expand Madoff Inquiry
    The chief investigator for the Securities and Exchange Commission told a House subcommittee Monday that he is expanding a probe into why the agency didn't detect $50 billion in alleged fraud by Bernard Madoff's investment firm.

  • Why Couldn't Regulators Bust Madoff?
    Regulators investigated Bernard Madoff's investment fund at least eight times before the scheme was exposed and Wall Street firms have advised against dealing with him for years.

  • Tips For Enjoying 2009 Without A Job
    When you're out of work, you have more time. And that can be a good thing says our resident humorist. So consider taking all your activities in the New Year slowly ... very slowly.

  • Steve Jobs Discloses 'Nutritional Problem'
    The Apple founder and CEO says he'll stay on during "simple and straightforward" treatment for hormone imbalance.

  • Obama's Stimulus Plan Will Take Weeks Of Work
    President-elect Barack Obama arrived in Washington to get ready for his upcoming inauguration. He's to meet with congressional leaders on his economic stimulus plan Monday. Top Democrats are warning that even if lawmakers move quickly, it could take weeks to get the plan ready to be signed into law.

  • Richardson Withdraws As Commerce Secretary Pick
    New Mexico Gov. Bill Richardson has withdrawn his nomination to be commerce secretary in the Obama administration. Richardson took his name out of the running amid a federal grand jury investigation into government contracts.

  • New York's Rainbow Room Closing Restaurant
    The restaurant high atop the ice skating rink at Rockefeller Center is closing temporarily. A spokesman says the Italian-themed Rainbow Grill will shut down as of Jan. 12. But the Rainbow Room's bar, banquet space and weekend dinner-dancing sessions will continue on the 65th floor. It's unclear how long the restaurant will be closed.

  • Locked-In Rate Has Heating Oil Customers Steamed
    The recession is driving down energy prices, making it cheaper for people to heat their homes. In the Northeast, home heating oil could cost considerably less this winter than last year. That is, except for people who locked in at a higher price last summer. Curt Nickisch of member station WBUR reports.

  • Urkaine Still Without Gas Shipments From Russia
    Russia and Ukraine still can't agree on natural gas prices, and that appears to be disrupting supplies to Europe. European leaders are holding emergency talks in Brussels. Europe is heavily dependent on Russian gas, most of which travels through Ukraine on its way to European markets. Russia last week cut off supplies to Ukraine, and now Russia accuses Ukraine of stealing gas intended for European markets. Ukraine denies that.

  • Jobless Ask: Take First Offer Or Wait For Better?
    Unemployed workers face a tough decision: Should they settle for a lower salary, and get work now, or hold out for a job commensurate with their skills? Employment counselors say some folks are still too proud to take a pay cut, but as weeks drag into months, they may have to settle for less.

  • Hearing: Why Didn't SEC Detect Madoff Scandal?
    The House Financial Services Committee will hold a hearing Monday on the scandal involving disgraced investor Bernard Madoff. He's accused of running a $50 billion Ponzi scheme. Chairman Paul Kanjorski, a Democrat from Pennsylvania, tells Steve Inskeep the hearing will investigate why the Securities and Exchange Commission failed to detect the scandal.

  • The Wovel: Literary Alternative To Browsing Blogs
    A Wovel is an on-line novel written serially, with readers deciding the turns of the plot. Publisher Underland Press is hoping people who already do most of their reading surfing the web will return each week to read the next installment.

  • Fishermen Make Mad Dash For Dungeness Crab
    As many West Coast fisheries collapse, more fishermen are turning to the delectable Dungeness crab. It's one of the last thriving fisheries in California, but the winter race for the crabs means fewer fresh crabs on tables and smaller profits.

  • Russia Pushes To Grow Gazprom's Reach, Control
    Even as the global financial crisis pummels the economy, Moscow says it's going ahead with plans for large investments in Gazprom, the world's largest producer of natural gas. The company lies at the center of the Kremlin's strategy to boost control over global energy supplies.

    •

    Latest financial news - CNNMoney.com
  • Treasury invests $15B more in banks
    The Treasury Department said Monday it had invested $15 billion in another seven banks, including two companies that recently completed large takeovers of other banks.

  • FBI goes on massive hiring blitz
    Despite a bleak economic environment featuring wide-ranging layoffs and rising unemployment, the nation's premier law enforcement agency is touting "one of the largest hiring blitzes in our 100-year history."

  • Consumer bankruptcies jump in 2008
    Bankruptcy filings by American consumers increased nearly a third in 2008, according to a new report.

  • Sharp drop in small business loans
    The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.

  • Citgo suspends low-income oil program
    Venezuela's Citgo Petroleum is suspending a program that provides discounted home heating oil to lower-income residents in U.S. communities, an energy group announced Monday.

  • Gold sinks to 2-week low
    The price of gold fell to a two-week low Monday as the U.S. dollar rallied on new details about President-elect Barack Obama's fiscal stimulus plan.

  • Kick the debt habit
    The year of 2008 was marked by massive 401(k) losses, more people out of work and more homes in foreclosure. But 2009 can be different for your wallet. Here's how to kick your debt habit.

  • Congress looks for answers in Madoff scandal
    Lawmakers took a hard look Monday at the alleged $50 billion investment scam engineered by Bernard Madoff that has sent shock waves across the nation's already fragile financial system.

  • What Detroit should do in '09 and beyond
    It looks like the annual Detroit auto show won't be the wake next week that everybody is expecting.

  • Laid off? Hyundai will take your car back
    Hyundai Motor America is taking aim at Americans' worries about job security: If you buy a new Hyundai and lose your job within a year, you can give it back.

  • Russia further reduces gas flow to Europe
    Read full story for latest details.

  • Auto sales plunge again in December
    Battered by tight credit and the worst recession in decades, industrywide U.S. auto sales plunged 36% from year-ago levels in December, a decline that hit all of the major automakers, both foreign and domestic, and capped the industry's worst year since 1992.

  • Giving Intel and AMD a run for their money
    You've likely never heard of ARM, a small U.K. company that doesn't advertise or put its name on any products. But chances are that as you read this, you're within sight of an "electronic brain" that ARM designed -- its handiwork lives in items as diverse as GPS navigators, camcorders and the Nintendo DS.

  • Tyson CEO leaves job, effective immediately
    Read full story for latest details.

  • Tyson CEO leaves job, effective immediately
    Read full story for latest details.

  • Tax cuts: Pillows for a hard landing
    So it looks like about 40% of President-elect Barack Obama's stimulus plan will come in the form of tax cuts.

  • Stocks finish lower
    Stocks fell Monday, retreating after last week's big rally, as investors digested President-elect Barack Obama's stimulus plan, monthly auto sales and surging oil prices.

  • Refinancing for less
    Question: I'm refinancing my mortgage, and my lender tells me that I need to get a new title insurance policy, which will cost more than a thousand dollars. We haven't made any changes to our home, and there aren't any outstanding liens on the property. Is there any way around this fee?

  • Construction spending stronger than expected
    Read full story for latest details.

  • Confessions of a former real estate bull
    Q. Were you wrong to be so bullish?

    •

    NYT > Business
  • Prosecutors Want Madoff’s Bail Revoked
    Bernard L. Madoff tried to hide at least $1 million in assets from investigators, prosecutors told a judge.



  • Bleak Sales in December Cap a Grim Year for Automakers
    Vehicle sales plunged 53 percent at Chrysler, while G.M., Ford and Toyota all reported declines of between 31 and 37 percent from December a year ago.



  • Markets Lower as Automakers Report Sales
    After three sessions of gains that fueled hopes for a January rebound, Wall Street fell as car companies released December sales and oil prices clawed back from five-year lows.



  • Obama Pushes for Stimulus on Capitol Hill
    President-elect Barack Obama took his recovery package to Capitol Hill, working to build a bipartisan coalition to endorse his plan of tax cuts and new spending.



  • As Prices Rise, Some See $2 Gas
    Gasoline prices have risen by several cents amid indicators that the national average could jump to $2 a gallon or higher this spring.



  • Apple’s Jobs Explains His Weight Loss
    Steven P. Jobs said that he was being treated for a hormone imbalance but would remain in his job.



  • Coming Down On Tobacco
    The measures are those that the Bush administration opposed, vetoed or declined to act upon.



  • Itineraries: Help in Hot Spots
    For business travelers facing sudden illness or acts of terrorism, several companies offer help.



  • A Top Editor Leaving Washington Post
    Passed over for the top job, Philip Bennett decides it is time to leave.



  • Doctors Will Make Web Calls in Hawaii
    Doctors will be able to make face-to-face Web calls on patients in Hawaii starting Jan. 15.



  • China Criticizes Google and Others on Pornography
    The Ministry of Public Security and six other agencies would work together “to purify the Internet’s cultural environment,” the government said in a statement.



  • Waterford Wedgwood Is in Receivership
    High manufacturing costs, declining demand for luxury goods in the current economic downturn, and a weak dollar overstretched the finances at the Irish maker of luxury crystal and ceramics.



  • Commercial Building Lifts November Spending
    Construction spending fell less than expected as record activity on nonresidential projects helped offset another steep decline in housing, the government said.



  • Executives Replaced At Borders As Sales Fall
    The book retailer said that George L. Jones would be succeeded by Ron Marshall, a private equity executive with experience turning around ailing companies.



  • Fed to Begin Buying Mortgage-Backed Securities
    The program is aimed at driving down the price of mortgages and making home loans more available.



  • Tyson Foods Chief to Step Down After a Difficult Year
    The food company, facing volatile commodity prices, weak demand and an oversupply of meat, said Richard L. Bond would be replaced by a former chief executive, Leland E. Tollett.



  • Obama Plan Includes $300 Billion in Tax Cuts
    The breaks for workers and businesses are nods to critics who are worried that the economic recovery program has been too focused on government spending.



  • As Vacant Office Space Grows, So Does Lenders’ Crisis
    Rising vacancy rates across the country could make it hard for building owners to pay their mortgages.



  • Blu-ray’s Fuzzy Future
    The demise of the HD DVD video disc format appeared to hand the future of home entertainment to Blu-ray, but struggles continue.



  • Hollywood’s Superheroes Save the Day
    As companies big and small trudge into January after a dismal 2008, the movie business is quietly celebrating solid if not spectacular results at the multiplex.



    •

    Yahoo! News: Business
  • Car sales plunge heralding bleak 2009 (Reuters)

    Major automakers reported U.S. sales in December that plunged by more than a third, closing out the weakest year for the battered industry in over a decade and a half in its largest single market. (Graphics/Reuters)Reuters - U.S. auto sales plunged by 36 percent in December led by outsized declines at Chrysler LLC, Hyundai Motor (005380.KS) and Toyota Motor Corp(7203.T) as the battered industry closed out its weakest year since 1992 in its largest single market.




  • Stocks slip on telecom and financials; Apple jumps (Reuters)

    A specialist works on the floor of the New York Stock Exchange in New York January 2, 2009. U.S. stocks edged up in Wall Street's first trading session of 2009 as investors focused on the incoming administration's stimulus plan to jolt the world's biggest economy. (Lucas Jackson/Reuters)Reuters - Stocks fell on Monday as investors booked profits after last week's run-up, while concerns about slowing cell phone sales hit shares of the biggest telecommunications companies.




  • Prosecutors seek to jail Madoff (Reuters)

    Bernard Madoff is escorted from Federal Court in New York January 5, 2009. (Lucas Jackson/Reuters)Reuters - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.




  • GE's finance arm launches $10 billion FDIC-backed debt (Reuters)

    Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles May 24, 2007. (Fred Prouser/Reuters)Reuters - General Electric Co's finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government guarantee program since its inception last November.




  • Fed buys MBS in latest unconventional move (Reuters)
    Reuters - The Federal Reserve on Monday kick-started its latest unconventional program to boost the moribund economy, this time taking aim at the heart of the slumping housing market.

  • World stocks climb on US revival hopes (AFP)

    Currency traders in Kimonos start the new business year at the Tokyo Forex market. World stock markets rose, with Tokyo hitting the highest level for almost two months as investors hoped that the US economy would start to recover this year after a dire 2008.(AFP/Toshifumi Kitamura)AFP - World stock markets rose on Monday, with Tokyo hitting the highest level for almost two months as investors hoped that the US economy would start to recover this year after a dire 2008.




  • Lawmakers set new mortgage bankruptcy bill (Reuters)
    Reuters - Legislation designed to stem foreclosures by allowing bankruptcy judges to erase some mortgage debt will be introduced by Congressional Democrats on Tuesday, and hopes are high that it will pass after a similar plan failed last year.

  • NY Fed begins purchasing mortgage securities (AP)
    AP - The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market.

  • HK toy makers urge Li & Fung to pay up for failed US retailer (AFP)

    File photo shows visitors at a Hong Kong Toy Fair. More than 40 Hong Kong toy makers who lost money following the collapse of US retailer KB Toys said Monday they would be seeking compensation from trading firm Li & Fung.(AFP/File/Mike Clarke)AFP - More than 40 Hong Kong toy makers who say they lost 10 million US dollars following the collapse of US retailer KB Toys said Monday they would be seeking compensation from trading firm Li & Fung.




    •

    washingtonpost.com - Business
  • Commerce Pick Richardson Withdraws, Citing N.M. Probe
    New Mexico Gov. Bill Richardson, chosen by President-elect Barack Obama to be commerce secretary, withdrew from consideration yesterday, citing an ongoing federal "pay-to-play" investigation involving one of his political donors as a significant obstacle to his confirmation.



  • Top Democrats Favor Deliberate Approach to Stimulus Bill
    Lowering expectations for quick passage of an economic stimulus bill, Senate Majority Leader Harry M. Reid rejected setting "some false deadline" for delivering legislation to President-elect Barack Obama in favor of a more deliberate approach that allows Congress to get the package right "the first...



  • Auto Industry Reports Dismal End-of-Year Sales Figures
    The auto industry capped off 2008 with its worst sales in 15 years, as Americans continued to steer clear of dealerships in December, according to year-end sales figures released today.



  • At Madoff Hearing, Congressional Committee Vows Reform
    Members of the House Financial Services Committee vowed today to undertake a major overhaul of the U.S. financial regulatory system in the wake of an alleged $50 billion fraud that they said should have been detected earlier.



  • U.S. Markets Down Slightly on Poor Auto Sales Data
    Stocks were fell slightly today despite reports from automakers that their sales took another tumble last month.



  • D.C.'s Kinetic Tech Czar
    In his first meeting of a recent day, Vivek Kundra stood in front of a large monitor, grilling employees about the status of projects to revamp technology in Washington's schools, police cars, jails and health clinics.



  • Inauguration Spotlights Cellphone Opportunities
    In about two weeks, the District's roads, Metro cars and bus routes will become so clogged with inauguration-goers that Washingtonians are praying they'll be allowed to telecommute rather than brave the trek into their offices. But if working remotely means relying on a cellphone, they may not ge...



  • More Than a Day Job
    Shelby Shenkelman enjoys working as a pricing analyst for a company that produces airline meals. At 25, she is making more than $50,000 a year.



  • It's Time to Drop The Consumer Label
    One of my New Year's resolutions is to stop referring to myself as a consumer.



  • THE FINANCIAL LOBE: Madoff Exposed Investors' Weak Spots
    One of the many mysteries of Bernie Madoff's alleged $50 billion Ponzi scheme is why so many people broke a cardinal rule of investing by over-allocating money in one position. Many investors -- charities, individual investors, even well-known fund managers -- have lost everything, right down to ...



  • College Degree No Shield As More Jobs Are Slashed
    When Nena Razmara was laid off in November from her $70,000-a-year job with a high-end residential building supplier, she thought she would be working again by Christmas.



  • Tone May Be Key to Obama's Agenda
    Rarely have lawmakers confronted an agenda as ambitious as the one Congress will face upon convening this week, with an incoming president pushing to stabilize an economy on the brink of long-term recession, to create universal health coverage and to overhaul federal energy policies.



  • Leave Politics Out of the Workplace
    The presidential inauguration this month could rekindle the passions that surrounded last year's hotly contested election, requiring managers to restate policies on politics in the workplace.



  • A City Ride That's Rogue in Name Only
    NEW YORK -- It is the automobile industry's most inappropriately named vehicle -- the Nissan Rogue. It is a moniker bespeaking wayward nature -- excess horsepower, egregious fuel consumption, reckless speed.



    • msnbc.com: Business
  • Prosecutor wants Madoff jailed immediately

    After the hearing, the judge allowed Bernard Madoff to continue serving house arrest for now.A prosecutor says disgraced financier Bernard Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives, and wants him jailed.




  • Stocks end trading day with modest losses
    Caution returned to Wall Street Monday as investors gave back some gains from last week's rally even as they found some encouragement from a report on construction spending.

  • Apple's Steve Jobs will stay as CEO

    Jan. 5: CNBC’s Jim Goldman reports on news from Apple that Steve Jobs is suffering from a hormone imbalance, quashing rumors of more dire ailments. (CNBC)Apple founder and CEO Steve Jobs, looking to quell rumors about his health, said Monday his doctors have discovered a hormonal imbalance that has been causing his weight loss.




  • Major automakers report U.S. sales plunge

    The bleak numbers, according to both industry officials and analysts, mean that record high rebates and low-interest financing deals will stick around until at least February.Huge rebates and zero-percent loans couldn’t overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year.




  • Answer Desk: Uncle Sam's borrowing binge
    As the government works out the details of a massive economic stimulus plan, some readers are asking: where is all this money going to come from?  The Answer Desk.

  • Your Career: Jobs outlook grim for 2009

    We've decided to ask the Magic 8-Ball about the jobs outlook for this year.  The answer? "Outlook not so good."




  • Hyundai: Can’t make payments? Just return it
    Can't make the payments on that new car you just bought? No problem — just return it free of charge.

  • QVC to sell Obama trinkets from inauguration

    The retail network has already sold more than 100,000 items related to Obama's election and sees the inauguration as an opportunity to reach far beyond the group of people regularly interested in political collectibles.The QVC home shopping channel is traveling to Washington to mark President-elect Barack Obama's inauguration — and is bringing along plenty of commemorative coins.




  • Nursing industry desperate to find new hires

    While other industries are shedding jobs, nursing recruiters are frantically trying to hire new workers to address a nationwide nursing shortage expected to worsen as the population ages.Please, please accept a high-paying job with us. In fact, just swing by for an interview and we'll give you a chance to win cash and prizes.




  • Newsweek: Resolve to go bankrupt in 2009
    Normally I’d say suck it up, cut spending and repay your debt. But not if you’re going broke. By Jane Bryant Quinn.

  • Construction spending falls less than expected
    Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing.

  • Resolve to advance your career
    Pledge to do these few things and your 2009 job outlook will already look better.

  • NYT: Obama plan includes $300 billion in tax cuts

    Jan. 4: Senate Majority Leader Harry Reid discusses the proposed economic stimulus package, telling NBC’s David Gregory on “Meet the Press”, that Congress will act as quickly as possible.   (Meet the Press)President-elect Barack Obama plans to include about $300 billion in tax cuts for workers and businesses in his economic recovery program, as his team seeks to win over Congressional skeptics.




  • McDonald's supersized retirement plans

    To retain valuable workers, McDonald's in 2004 began offering a rich retirement savings perk. Employees who put 5 percent of their salary in the company 401(k) receive a company match of as much as 11 percent.The fast-food giant is persuading more African American workers to enroll in 401(k)s. Can McDonald's keep talent by helping families save?




  • Waterford seeks bankruptcy protection
    Waterford Wedgwood PLC, for centuries a name synonymous with luxury,  filed for bankruptcy protection on Monday after attempts to restructure the struggling business or find a buyer failed.

  • Obama plan depends on swiftly spending cash

    Jan. 5: Citing challenges in the American economy, President-elect Barack Obama meets with House Speaker Nancy Pelosi to kickstart a planned economic stimulus plan.  (CNBC)Spending taxpayer money fast enough is one of the biggest hurdles President-elect Barack Obama's team faces in putting together an economic recovery measure.




  • Key Democrat: No stimulus by inauguration

    Jan. 4: Senate Majority Leader Harry Reid discusses the proposed economic stimulus package, telling NBC’s David Gregory on “Meet the Press”, that Congress will act as quickly as possible.   (Meet the Press)Congressional Democrats said Sunday that President-elect Barack Obama probably will have to wait until next month before getting the chance to sign an economic aid bill.




  • Cadillac unveils new SRX before Detroit show

    The new SRX looks faster than its boxy predecessor, with a curving roofline and a more rounded nose that still retains an aggressive look.General Motors Corp. is counting on the 2010 Cadillac SRX crossover vehicle to lure luxury car buyers with new design and performance features.




  • Oil settles above $48 on Mideast unrest

    Israel's ground offensive in Gaza and a dispute between Ukraine and Russia over gas imports pushed oil prices above $48 a barrel Monday.




  • Workers forced to take unpaid vacations

    Automakers have extended their annual holiday shutdowns, leaving workers such as Johnnie Hurt, 64 — a die-setter from Garfield Heights, Ohio — wondering what's ahead in 2009. Here's the vacation no one wants, courtesy of the recession: Forced time off without pay.




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    ABC News: Money
  • Obama Lobbies Congress Because 'People's Business Can't Wait'
    Obama says we will have lost more jobs in 2008 than in any time since WW II.

  • Chrysler Leads in Dramatic Auto Sales Declines
    Ford reports 32% December sales drop; Toyota likely to retain No. 2 sales slot.

  • Wanted by the FBI: Job Seekers
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  • Apple CEO Reveals Truth About Weight Loss
    Apple CEO Steve Jobs says a hormone imbalance is "robbing" his body of proteins.

  • Billionaire Blowups: Who Lost the Most?
    From a fertilizer mogul to an entertainment chief, who lost billions.

  • Living Large: Products for the Obese
    One company has found a niche market and is changing people's lives.

  • Burned by the Stock Market?
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  • Now Boarding: A Better Way to Load a Plane
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  • The Safeguard Madoff Victims Missed
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  • How to Help Unemployed Friends
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  • Job Hunting in 2009? Patience Is Key
    Resolution helper: How to find survival work in 2009.

  • Manufacturing Drops to 28-Year Low
    Manufacturing index drops to lowest level since '80 as orders fall, layoffs rise

  • Russia Continues to Withhold Gas to Ukraine
    Russia withholds gas supplies to Ukraine for second day, calls for more payments

    •

    FOXNews.com
  • The Softer Side of Hardware
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  • Electronic Arts Buying Game Studios From Elevation
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  • Disney to Sell Mickey-Inspired Fruit, Veggie Products
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  • Wikipedia Moving From Florida to San Francisco
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  • Gas, Car Sales Fuel Retail Sales Growth
    Retailers' sales rose 0.6 percent last month and gasoline stations turned in their biggest jump in sales since May.

  • Oracle Makes $6.66 Billion Bid to Buy BEA Systems
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  • AT&T CEO Stan Sigman To Retire
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  • State Treasurer Wants Probe of Countrywide CEO
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    •

    USATODAY.com Money - Top Stories
  • General Mills puts its weight behind NBC's 'Biggest Loser'
    The seventh edition of NBC's The Biggest Loser begins tonight with new licensing tie-ins and General Mills as a first-time ...



  • Company cost cuts put limits on business travelers
    With the economy in full swoon, more corporate travel departments are requiring cost-saving measures. Employees are increasingly ...



  • Cars outsell trucks in rough year
    The final numbers are in, and it's official: 2008 was a crummy year to sell cars. Not only did sales fall off a cliff, but consumer ...



  • Numbers look good so far for Wall Street in 2009
    Santa's long gone, but not before delivering a much-needed stock rally to Wall Street. Such a generous gift has historically ...



  • How to fix holes in 529 college savings plans that sank in '08
    Most parents learn to cope with such surprises. Dealing with unexpected losses in your 529 plan is more difficult especially ...



  • Gas prices rise for the first time in 16 weeks
    Gasoline prices have risen for the first time in 16 weeks as higher crude oil costs were reflected at the pump, the government ...



  • Cigna to cut about 1,100 jobs, 4% of work force
    Managed care provider Cigna said Monday the slumping economy has forced it to cut roughly 1,100 jobs, as it deals with employer ...



  • Why didn't SEC catch on to Madoff? Congress asks
    U.S. lawmakers on Monday probed why the Securities and Exchange Commission failed to discover Bernard Madoff's alleged $50 billion ...



  • Bankruptcy filings jump by one-third in 2008
    U.S. consumer bankruptcy filings jumped nearly 33% in 2008 amid a recession that's expected to keep filings rising into the new ...



  • Feds start wait list for DTV converter box coupons as switchover nears
    Consumers who apply for federal coupons to pay for converter boxes ahead of next month's transition to digital television broadcasts ...



  • Stocks lower as investors use caution
    Caution returned to Wall Street Monday as investors gave back some gains from last week's rally even as they found some encouragement ...



  • Chrysler sales halved in Dec. as industry sales plummet
    Chrysler December U.S. sales plunged 53%, the biggest sales drop in a miserable month for the industry, as consumers steered ...



  • Citgo suspends low-income heating oil assistance program
    Citgo has suspended its free heating oil program for low-income residents, Citizens Energy Chairman Joseph Kennedy announced ...



  • Construction spending falls less than expected
    Construction spending fell 0.6% in November, the Commerce Department reported Monday, showing that building at the end of 2008 ...



  • CEOs out at Tyson Foods, Borders
    Borders Group and Tyson Foods named new CEOs Monday as the companies struggle in unsettled markets.






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