Job News From: Forbes

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Job News From: Yahoo! Business

Yahoo! News: Business Fri, 08 Aug 2008 18:14:22 GMT
  • Oil falls as dollar rises, ignores Georgia conflict (Reuters)

    Firemen struggle to extinguish the fire at the Baku-Tbilisi-Ceyhan (BTC) pipeline near the eastern Turkish city of Erzincan August 7, 2008. (Anatolian-Muhammet Ispirli/Reuters)Reuters - Oil fell $4 to below $116 on Friday in line with declines across the commodities complex as weaker demand and a stronger U.S. dollar outweighed concern conflict in Georgia could disrupt Caspian energy supplies.


  • Fannie Mae posts another huge loss (Reuters)

    Construction workers are seen at a townhouse complex in a Denver, Colorado suburb May 16, 2008. (Rick Wilking/Reuters)Reuters - Fannie Mae on Friday posted a much larger-than-expected second-quarter loss and slashed its dividend more than 85 percent to preserve capital as home loan defaults accelerated in the bleakest U.S. housing market since the Great Depression.


  • Mass. official plans serious charges against Merrill (Reuters) Reuters - Charges by Massachusetts against Merrill Lynch & Co Inc are more serious than those against Swiss bank UBS because they involved the manipulation of research of auction-rate securities, the state's top securities regulator said on Friday.
  • Wall St rallies as oil's slide spurs optimism (Reuters)

    The New York Times and The Wall Street Jounal are displayed at a newsstand on Monday, July 28, 2008 in New York. News Corp. says fiscal fourth-quarter earnings jumped 27 percent, Tuesday, Aug. 6, 2008, on profit from the sale of assets and higher operating earnings in its film, cable networks and newspaper units. (AP Photo/Mark Lennihan)Reuters - Stocks jumped on Friday as the U.S. dollar's rally helped push oil prices down to nearly $116 a barrel, reducing inflation fears and improving prospects for stronger business and consumer spending.


  • UBS to buy back stricken debt securities (Reuters)

    The logo of Swiss bank UBS is seen on a building in Zurich July 8, 2008. (Arnd Wiegmann/Reuters)Reuters - Swiss bank UBS AG has agreed to buy back $19.4 billion of debt securities whose value collapsed during the global financial crisis and to pay $150 million in fines to settle charges it misled investors, Massachusetts' top securities regulator said on Friday,


  • Bank of America gets subpoenas, reports SEC probe (Reuters)

    A Bank of America advertisement is seen outside one of its branches in New York July 21, 2008. (Shannon Stapleton/Reuters)Reuters - Bank of America Corp , the largest U.S. retail bank, said on Thursday it received subpoenas and requests for information relating to auction-rate securities from federal and state government agencies.


  • Fannie Mae posts another huge loss (Reuters)

    Construction workers are seen at a townhouse complex in a Denver, Colorado suburb May 16, 2008. (Rick Wilking/Reuters)Reuters - Fannie Mae on Friday posted a much larger-than-expected second-quarter loss and slashed its dividend more than 85 percent to preserve capital as home loan defaults accelerated in the bleakest U.S. housing market since the Great Depression.


  • Treasury bonds rebound after data, retail sales (AP) AP - Treasury bond prices rebounded Thursday as investors sought safe-haven investments after a surprise jump in weekly unemployment claims and disappointing sales reports from retailers.


Job News From: NPR

NPR Topics: Business Fri, 08 Aug 2008 07:31:00 -0400
  • Amtrak Gets Funding Boost To Meet Record DemandBecause of high gas prices, many people are choosing to take the train. The Wall Street Journal reports that Amtrak is expected to carry a record number of passengers this fiscal year. But the railway doesn't have enough cars in stock to expand capacity.
  • Airline Passengers Face Multitude Of FeesAirlines are being squeezed. Between high fuel costs and demand for low airfares, airlines are turning to fees to make extra money. Most are charging for checked bags, soft drinks and even pillows and blankets.
  • Airfares Hover Below True Cost Of FlyingAs U.S. airlines continue to face record losses due to the escalating cost of fuel, some carriers are beginning to consider what was once deemed a last resort — raising airfares.
  • Space Company Hopes To Cut Cost Of LaunchesA private company called SpaceX has failed three times to reach orbit with one of its rockets. But the company says it's learning from its failures and still hopes to radically decrease the cost of putting objects in space.
  • 8-8-08, A Lucky Day For WeddingsThe lucky number eight means wealth and prosperity to Asians who observe Chinese numerology. So when the Chinese government was scheduling the start of the Olympics, they chose the most auspicious time of all: 8-8-08 at 8:08:08 p.m. We visit Wayfarers Chapel, a popular wedding site in Palos Verdes, Calif., to see how they're dealing with the rush of couples.
  • 'Marketplace' Report: Ice Scam MeltsFederal antitrust officials are investigating allegations that three major bagged ice companies secretly agreed to divvy up customers and regional markets to keep prices up and rivals out.
  • High Food Prices A Two-Edged Sword For FarmersFor some farmers in Honduras, high food prices mean greater profits. But others can't afford the higher costs for fertilizer and pesticides, so they're cutting back on production.
  • Chrysler Considers Outsourcing Work To NissanAs the third-largest U.S. automaker struggles to survive, it's looking for new ways to do business. Increasingly, Chrysler is turning to outsourcing, at least for its passenger cars. The Wall Street Journal reports Thursday that Chrysler is talking to Nissan about a deal in which the Japanese carmaker would manufacture cars, and Chrysler would sell them under its own brand.
  • Calif. Strawberries Bound For China's Top AthletesSome California farmers are getting an unexpected boost from China's Olympic athletes, who told Chinese officials that the fruit they most desire as they strive for gold is strawberries. Strawberry season in China has ended, so officials turned to California, where strawberry growers have been trying to break into China's market for years.
  • Olympics Put NBC News In Difficult PositionNBC has a lot at stake in the 2008 Olympic Games. That includes the reputation of the network's news division and its bottom line. Its position is complicated by the fact that NBC's role in the Olympics is one of observer and partner.
  • As Retail Chains Fold, Shoppers Flock To BargainsIn the past few weeks, some retail chains have gone out of business, or filed for bankruptcy protection. Retail consultant Howard Davidowitz traces the problem to increasing online sales and the credit crunch, among other factors.
  • IRS Offers Companies A Deal To Quit Tax ShelteringThe IRS has been targeting companies that engage in transactions that have no purpose other than to reduce or eliminate tax liabilities. The IRS on Wednesday said it is offering to settle tax shelter abuse cases against about 45 companies, but they have to stop using the shelters by 2010.
  • JetBlue Seeks Volunteers To Test New TerminalJetBlue is making its frequent flyers a very special offer: Go to JFK International Airport to try its new terminal. The airline hopes to lure a thousand volunteers for its fake flights — with giveaways and free parking. Pretend passengers will check bags, go through security, then wait at the gate.
  • BP Learns Not To Mess With RussiaOil company BP appears to be getting run out of Russia. The CEO of BP Russia is now running the company from an undisclosed location in Eastern Europe. He's afraid of being harassed inside the country. This is not the first time a foreign company has been muscled out.
  • 'Marketplace' Report: A Massive ID-HeistEleven men have been charged with stealing more than 40 million credit card numbers from U.S. retailers, making it the biggest identity-fraud heist ever prosecuted in the U.S. The fraud targeted customers at TJ Max, Marshalls, Barnes & Noble, Office Max and Sports Authority.