Job News From: Forbes

Forbes.com: Business News

Blood Money Danny Porush went to jail for a pump-and-dump stock ploy. Now he's pumping medical supplies. Politico's Moment The upstart site for all things politics is the belle of the ball in Denver. But what happens after the election? More Intervention Risks Moral Hazard Central banks must avoid instability that could call for government bailouts a la Bear Stearns. Dull In Denver Political conventions aren't what they used to be. Playing Chicken With Countrywide Paper Investors are gambling on whether Ken Lewis will make good on Angelo Mozilo's promise to bondholders or just walk away.

Job News From: Yahoo! Business

Yahoo! News: Business Thu, 28 Aug 2008 16:53:09 GMT

Economy shows vigor, but seen flagging (Reuters) Reuters - Strong exports and consumer spending supported by government stimulus checks pushed the U.S. economy ahead at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but growth is expected to flag as those factors fade. Fannie's capital better than market perceptions: Lehman (Reuters) Reuters - Fannie Mae's capital and reserves positions are better than market expectations, and the biggest U.S. mortgage finance company may not need any more externally raised capital, according to an analyst at Lehman Brothers. Wall Street rallies on strong GDP (Reuters) Reuters - Stocks rallied on Thursday as a surprisingly big upward revision to U.S. growth in the second quarter and lower oil prices fanned optimism about the economy. Toyota cuts sales forecast (Reuters) Reuters - Toyota Motor Corp cut its 2009 vehicle sales forecast by nearly 7 percent as high fuel prices hammer demand for large cars and pickup trucks, and said it will speed up the rollout of hybrid and electric cars as their popularity grows. Starbucks top brass to receive no raise next year (Reuters) Reuters - Top executives at Starbucks Corp including Chairman and Chief Executive Howard Schultz will not be getting raises anytime soon, after the coffee chain's first-ever quarterly loss as a public company. Thornburg survival in doubt, sees completing tender (Reuters) Reuters - Thornburg Mortgage Inc , a specialist in jumbo home loans, said its survival remained in doubt following additional margin calls, but it is on track to complete a restructuring and avoid collapse. Retail group sees slow sales well into 2009 (Reuters) Reuters - U.S. sales will stay sluggish through the holidays and well into next year, despite hopes consumers would get earlier relief from higher food and fuel prices, the National Retail Federation said on Thursday.

Job News From: NPR

NPR Topics: Business Thu, 28 Aug 2008 13:07:00 -0400

Bankruptcy Filings Jump, Most For IndividualsNearly a million people filed for bankruptcy in the year ending in June, up nearly 30 percent from the same period last year. Some of the bankruptcies are businesses, but most are individuals. Analysts say the weak housing market and widespread credit card debt are forcing more people to seek court protection from their creditors. U.S. Economy Beats Growth ExpectationsThe U.S. economy grew at a better than expected 3.3 percent rate in the second quarter, according to a report Thursday from the Commerce Department. But tax rebate checks and the weak dollar fueled the boost, and experts don't expect the healthy economic growth to last. Newspaper's Woes Hit Journalists' Training GroundFor a century, University of Missouri journalism students have learned the craft by working at the Columbia Missourian. But now that newspaper's troubles could lead to big changes and take away a training ground for student journalists. Bracing For A Second Wave Of Home ForeclosuresThere is growing concern that the home foreclosure crisis may worsen next year as lenders are hit by a new category of loans that haven't caused much trouble. Bank analysts say they expect delinquency rates on so-called "option ARMs" to continue rising, and those loans could cause as much trouble as subprime loans did. Fannie Mae Shuffles Top ExecutivesTroubled mortgage finance giant Fannie Mae has announced a management shakeup, but its chief executive will keep his job. Fannie Mae has been struggling to persuade investors that it has the capital to keep operating and avoid a government bailout. Real Estate Agents Cater To Bicycle CommutersSteve Inskeep has this morning's Last Word in Business News. The McEnroe Rule: Less Punditry Is MoreSportscaster John McEnroe, who as a tennis champ was known for his temper tantrums, has declared that in covering a great match, sometimes the key is to withhold comment till things play out. If only his brethren in the cable news world followed suit more often in covering politics. 'Marketplace' Report: Broke BanksThe number of shaky U.S. banks is at the highest level in about five years and bank profits plunged by 86 percent in the second quarter according to the Federal Deposit Insurance Corporation. Madeleine Brand talks to Marketplace's Bob Moon about how to keep your money safe. A Battle To Be The Biggest StadiumFor decades, University of Michigan's football stadium, known as "The Big House," has had the largest capacity of any venue in the country. An accessibility lawsuit is reducing its capacity, leaving the title to Penn State's Beaver Stadium. So Michigan is spending $226 million on improvements to include more seats. Barbie's Maker Wins $100 M In Bratz LawsuitA federal jury awarded $100 million to Mattel, maker of Barbie dolls, after a long-running legal battle with a smaller toy company, MGA, that sells Barbie's competitor. Mattel says the Bratz dolls' designer conceived the idea while on Mattel's payroll, meaning Bratz and their earnings should belong to Mattel. Mattel had sought nearly $2 billion. Poverty Rate Reflects Stalled Economy, Experts SayThe U.S. Census Bureau reports real median household income rose slightly last year, and the official poverty rate stayed roughly the same as in the previous survey. The share of people without health insurance dropped slightly, as well. Some budget experts say the numbers demonstrate that the economy has stopped expanding. 'One Laptop' Falls Short Of Education GoalsOne Laptop Per Child was an ambitious promise to children in the third world. The project has had trouble with its leadership, finances and competitors. Instead of the legacy of education for third-world children, the One Laptop Per Child program has spurred an industry in low-cost laptops for consumers. Computer With Bank Customers' Info Sold On eBayA British man bought a computer on eBay for $65, and when he turned it on, he found the names, addresses, credit card numbers, account numbers, mother's maiden names, even signatures for a million customers of big financial institutions. 'Marketplace' Report: Numbers To Play WithThe poverty rate is holding steady and the number of uninsured has dropped, according to the Census Bureau's annual snapshot of American economic well-being. The data does not take into account the consequences of the economic downturn that began late last year, however. Why Auto Lenders Want To Call It QuitsMany auto lenders are pulling back incentives to lease vehicles. Consumers don't want to lease trucks and SUVs anymore and the credit crunch isn't helping. Avoiding leasing is actually a good thing, says our personal finance expert.