Job News From: Forbes

Forbes.com: Business News

TV's Reality Recession Despite ratings troubles, viewers can expect more pounds shed, bugs eaten and lies detected in the months ahead. The Seeds Of The Satyam Scandal How B. Ramalinga Raju's pride--and risk-taking--created India's Enron. The Value Of New Drugs Is Dropping Yes, the FDA approved more medicines in 2008 than the year before. But in terms of sales, a new drug ain't what it used to be. Progress Of 'Nuclear Renaissance' Slows The rising cost of capital strains the nuclear energy industry. Mr. Smut Goes To Washington The man who brought you "Girls Gone Wild" is looking for a bailout from Congress.

Job News From: Yahoo! Business

Yahoo! News: Business Thu, 08 Jan 2009 16:52:14 GMT

Stocks flat as stimulus hopes offset Wal-Mart (Reuters) Reuters - Stocks were little changed on Thursday as investors took bleak signs of more deterioration in consumer spending as likely to spur Washington to approve a stimulus plan quickly to jolt the economy out of recession. Jobless rolls at 26-year high, retail sales weak (Reuters) Reuters - Unemployment benefit rolls swelled to a 26-year high in the last week of December, data showed on Thursday, while retailers, including market leader Wal-Mart, reported poor sales as the year-long economic slump deepened. Companies face $409 billion pension deficit: study (Reuters) Reuters - Volatile markets have saddled U.S. companies with a $409 billion deficit on pension plans, reversing a $60 billion surplus a year earlier, and will cut into earnings in 2009, consulting firm Mercer said. Satyam in crisis as India vows to end company fraud (Reuters) Reuters - India's Satyam Computer faces a crisis of "unimaginable proportions," its interim chief executive said a day after the chairman revealed profits had been falsely inflated for years. SEC accuses man of $50 million Ponzi scheme (Reuters) Reuters - Securities and futures regulators charged a Philadelphia-area fund manager with operating a $50 million Ponzi scheme, where he paid off earlier investors with money from later investors, officials said on Thursday. Ill. sec. of state feels the heat in Burris flap (AP) AP - Until recently, Illinois Secretary of State Jesse White may have been best known on the national stage for establishing an inner city tumbling team. No longer. Mortgage giants extend suspensions of foreclosures (AP) AP - Mortgage giants Fannie Mae and Freddie Mac said Thursday they will extend the suspension of foreclosure sales and evictions from single-family homes through the end of January. GMAC says backs ResCap, without committing to it (Reuters) Reuters - Finance company GMAC LLC expressed support for its money-losing Residential Capital LLC mortgage unit on Thursday but stopped short of a commitment to keep the big home loan provider in business. Retailers report dismal December sales (AP) AP - Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating economy.

Job News From: NPR

NPR Topics: Business Thu, 08 Jan 2009 09:16:00 -0500

At Electronics Show, New Gadgets For Older CarsWhile new-car sales are tanking, vendors at the International Consumer Electronics Show hope to tempt buyers with flashy new gadgets to put in their old vehicles. The world's largest consumer-tech trade show opens Thursday. Outsourcing Giant Admits Cooking The BooksThe chairman of one of India's largest technology outsourcing companies has resigned after admitting the company's profits had been inflated for several years. The scandal at Satyam Computer Services Ltd. threatens future foreign investments in India and tarnishes the once-booming outsourcing sector. Berlin Philharmonic Offers Digital ConcertsFans of Germany's renowned Berlin Philharmonic just have to have Internet access to follow the orchestra's performances. The orchestra has a new "digital concert hall" accessible via the Internet. Music lovers can buy tickets to watch performances live online or, for nearly $14, the music may be accessed anytime within two days after the broadcast. Microsoft Wins Verizon Wireless AccountVerizon Wireless on Wednesday announced it has chosen Microsoft as its default Internet search provider for the company's mobile phones. Microsoft also announced it reached a similar search engine agreement with Dell Inc. Both deals boost Microsoft's position in the competitive world of search engines and advertising – and hand Google a defeat. Can 'Green Jobs' Stimulate The Economy?Congress has begun work on an economic stimulus package that could cost as much as $1 trillion and will likely include tax incentives to encourage investment in green technologies. Many people think "green jobs" are a key part of rebuilding the economy, but not everyone is convinced. For Obama, Donations Don't Gush Like They Used ToLess than two weeks before the inauguration, President-elect Barack Obama's inaugural committee and his transition project face potential budget shortfalls. They jointly need some $50 million, and fundraising appears to have been lagging. Fisheries Rebounding, But Ports Pay A PriceJim Caito's family has been working the shores of northern California since the 1880s. But the once-bustling scene outside Caito Fisheries is long gone, a casualty of attempts to keep fisheries alive through a quota system. Europe Feels Pain Of Russia-Ukraine Gas SpatThe dispute between Russia and Ukraine over the price of natural gas is starting to cause energy shortages in many European countries. The European Union has called on Moscow and Kiev to solve their disagreement, which comes just as a winter freeze envelops much of the continent. Infomercials Thrive Amid DownturnA downturn in the economy has provided a boom for infomercials. A.J. Khubani, president and CEO of the direct response company TeleBrands, says his company has seen that business booms in bad economic times. He attributes the success to lower TV ad rates. Ethanol Takes A Hit Amid Falling Oil PricesAn plant in Plainview, Neb., announced a temporary shutdown this week, and other ethanol companies have put plans to build new plants on hold. Chris Hurt, professor of agricultural economics at Purdue University, attributes the downturn in the formerly booming ethanol industry to excess capacity and low fuel prices. Please Touch: Technology Consumers Want In 2009Despite the recession, consumers are expected to spend a lot of money on consumer technology. The top trends for 2009 include touch-screen displays, electronic book readers, high-definition flash camcorders, netbooks and climate control systems. How Did Economists Miss The Crash?There are literally hundreds of economists in the U.S. These are people who pour over economic data and prognostications for a living. So what went wrong? We explore what they can do to improve their tarnished reputations. Dr. Doom Predicted The Economic CollapseThere were some economists who saw the collapse coming. New York University economist Nouriel Roubini was labeled Dr. Doom for his prophetic warnings. What are these economists saying about the future now? Toyota To Suspend Production For 11 DaysToyota says it will suspend production at its Japanese plants for 11 days in February and March. This marks a stoppage of unprecedented scale for the automaker. We examine what it means. Monster Companies Settle Name DifferencesMonster Cable sued hundreds of businesses last year for using the word "Monster" in their names. But a chain of mini golf courses fought back and took its case to the public. Now Monster Cable and Monster Mini Golf have settled their differences.