Job News From: Forbes

Forbes.com: Business News

An S&L's Path To The Cliff The government stood by while Downey Savings met a grisly fate. Four Questions For Antonio Oscar Garza Jr. The U.S. ambassador to Mexico is upbeat about bilateral relations. Four Questions For Ricardo Salinas Pliego The Mexican billionaire talks about the financial whirlwind. Questions For Arturo Sarukhan The Mexican Ambassador to the U.S. speaks out about drug trafficking. Four Questions For John Walters The U.S. drug czar says Mexico's future as a democracy is at stake in its battle against the drug lords.

Job News From: Yahoo! Business

Yahoo! News: Business Thu, 04 Dec 2008 05:51:09 GMT

GM, Chrysler considering bankruptcy to get bailout: report (Reuters) Reuters - General Motors Corp and Chrysler LLC are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. Asian shares fall; cenbanks to slash rates (Reuters) Reuters - Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years. Oil falls below $46 near four year lows (Reuters) Reuters - Oil fell below $46 a barrel to near four-year lows on Thursday, extending four consecutive days of falls as continued demand worries minimized bullish draws in U.S. oil stocks. Europe poised to cut rates as global slump deepens (Reuters) Reuters - Central banks in Europe are poised to slash interest rates on Thursday to try to contain a global economic slump that appears to be spreading faster than policy makers in the industrialized countries had anticipated. Mattel wins permanent injunction against MGA in Bratz case (Reuters) Reuters - A federal judge in California on Wednesday ordered MGA Entertainment Inc to stop selling its popular Bratz dolls and banned it from using the Bratz name, finding that "hundreds" of Bratz products infringe on copyrights owned by rival toymaker Mattel Inc . Gulf stocks higher in quiet pre-holiday trading (AFP) AFP - Stock markets in the Gulf region closed higher on Wednesday in very quiet trading as investors began preparing for a long Muslim holiday ending in Eid Al-Adha. U.S. working on affordable mortgage plan: sources (Reuters) Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday. Financial industry pushes for lower mortgage rates (AP) AP - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market. Online retailers see surge on 'Cyber Monday' (AP) AP - Like their counterparts at the malls, online merchants finally got some relief with the unofficial start of the holiday shopping season, spurred by a bevy of deals and free shipping offers. But the stronger-than-expected bump in online sales Monday couldn't cancel out a lackluster November.

Job News From: NPR

NPR Topics: Business Wed, 03 Dec 2008 16:15:00 -0500

United Auto Workers Open To Contract ChangesThe head of the United Auto Workers has said the union is willing to change its contract and will delay billions of dollars in payments to a union-run health care trust. The concession is a bid to help Detroit's ailing Big Three automakers. Tips On Long Drive From Detroit To D.C.The heads of Ford, GM and Chrysler are road-tripping from Detroit to Washington in fuel-efficient hybrids. NPR's Don Gonyea, Michigan-native and former Detroit resident, has made the trek dozens of times and provides highlights and driving tips for the trip. Companies Say 'Bah, Humbug!' To Holiday PartiesScores of U.S. businesses plan to forgo their annual bash as a response to the slumping economy. One business consultant says the decline in parties doesn't bode well for the futures of the companies cutting back. GM Exec Reflects On His Company's FutureThis week, executives from the Big Three automakers are back in Congress to request a bailout for their ailing industry. Larry Burns, General Motor's vice president of research and development, discusses GM's proposal. What's In The Automakers' Pitches?Last time the Big Three chiefs went to Washington, they were sent away empty-handed. The editor of Automobile Magazine discusses the automakers' detailed proposals to Congress this time around. 'WSJ' Columnist: Don't Bail Out The Auto IndustryAs the Big Three head to Washington, a growing number of critics are calling for Congress to send them packing once again. Evan Newmark, columnist for the Wall Street Journal online, explains why he thinks bailing out the auto industry is a bad idea. Michigan Governor Reacts To Changing EconomyWhat do you do when your state's lifeblood — the auto industry — is in trouble? Gov. Jennifer Granholm discusses how the state is coping with this, along with high unemployment and rampant foreclosures. Sec. Rice Visits India In Wake Of Mumbai AttacksSecretary of State Condoleezza Rice and a top U.S. military official are visiting India in attempts to ease tensions between India and Pakistan. John Elliott, contributor to Forbes Magazine, discusses the conflict between the two nuclear powers and what officials can do. Are Outlets Really Cheaper?At the nation's outlet malls, shoppers are still defying grim predictions for the season. We visit a Maryland outlet center to find out if people are really getting better bargains than at department stores. Louisiana Seduces Filmmakers With Tax BreaksSeveral states are trying to boost their budgets by luring Hollywood movie productions. Louisiana offers tax credits to filmmakers who produce movies in the state. Greg Albrecht, chief economist for Louisiana's Legislature, discusses how one justifies such incentives in a rough economy. A Voyage To 'Planet Google'Sixty-eight percent of all web searches take place on Google.com. But as journalist Randall Stross found when researching his new book, Planet Google: One Company's Audacious Plan to Organize Everything We Know, the company's business extends well beyond basic web searches. Obama Names Richardson To Commerce PostPresident-elect Obama named New Mexico Gov. Bill Richardson, a former rival for the Democratic nomination, as his choice for Commerce secretary. Richardson was an Energy secretary and U.N. ambassador in the Clinton administration. Congress Eyes Big Three Automakers' PlansDetroit's top auto executives have ditched their corporate jets for hybrid cars and replaced vague pleas for federal help with detailed requests for as much as $34 billion in their second crack at persuading Congress to throw their struggling companies a lifeline. Recession Could Thin Auto Dealer RanksDomestic auto dealers face their worst market in decades. Thousands could go out of business, but that's not necessarily all bad. The domestic auto industry suffers from overcapacity. Detroit's Big Three would like to thin dealerships, but can't because of state franchise laws and contracts. Chinese City Cracks Down On Pirated SoftwareRed Flag Linux is the name of a Chinese-made operating system. Officials in Nanchang are forcing local Internet cafe owners to install it in place of Microsoft Windows. An official from the the city's Cultural Discipline Team confirmed this to Radio Free Asia, which is funded by the U.S. government. The rule is apparently aimed at cracking down on pirated software. But some cafe owners say they're using Microsoft legally and don't want to change. They're also not happy about the fees for Red Flag Linux, which are more than $700.