Job News From: Forbes

Forbes.com: Business News

Programming The Web, Part Two Another entry into the hottest new derby in online media. Times To Shutter IHT Site NYTimes.com is getting more global, and IHT.com is going bye-bye. America's Energy Billionaires Not everyone complains about high prices at the gas station. Former UBS Exec Settles Insider Trading Case New York Attorney General Andrew Cuomo is taking aim at Wall Street. Power Outage How far should an electric car run on electricity, and how much extra are people willing to pay?

Job News From: Yahoo! Business

Yahoo! News: Business Wed, 08 Oct 2008 03:37:43 GMT

Asia stocks drop for 5th day on unending crisis (Reuters) Reuters - Asian stocks fell about 4 percent, down for a fifth consecutive day, and government bond prices rose on Wednesday as fears of a looming global recession grew with no sign of a coordinated response or an end to the worsening financial meltdown. Asian stocks tumble; UK readies bank rescue (Reuters) Reuters - Asian stocks tumbled after a devastating day on Wall Street and Hong Kong became the latest economy to slash interest rates as pressure grew for a coordinated, global response to the biggest financial crisis since the Great Depression. Wells could win 75-80 percent of Wachovia deposits: source (Reuters) Reuters - Wells Fargo & Co is likely to get about 75 to 80 percent of Wachovia Corp's deposits, while Citigroup Inc would get the remainder, a person briefed on the matter said on Tuesday. Central banks try new methods amid market mayhem (Reuters) Reuters - Central banks across Asia stepped up to offer more support to commercial banks on Wednesday, to try to ease painful pressure on funding costs from a vicious global credit squeeze. Alcoa third-quarter net down; cutting back spending (Reuters) Reuters - Aluminum producer Alcoa Inc said it was halting major capital projects in the face of uncertain markets, after it posted a lower-than-expected quarterly profit on softer demand in key sectors like the aerospace and auto industries. Harper sees possible stock-market bargains (Reuters) Reuters - Canadian Prime Minister Stephen Harper said on Tuesday he is concerned about the sharp falls in Canadian stock markets but said there may be some good stock bargains out there now. Consumer credit marks first fall since January 1998 (Reuters) Reuters - U.S. consumer borrowing fell for the first time in more than a decade in August amid tighter credit markets, tougher lending standards and declining consumer spending, a Federal Reserve report showed on Tuesday. September consumer sales drop sharply: MasterCard (Reuters) Reuters - U.S. shoppers worried by shrinking bank and retirement accounts tamped down spending across the board in September as the country's financial crisis worsened, MasterCard Advisors said in a report on Tuesday.

Job News From: NPR

NPR Topics: Business Tue, 07 Oct 2008 18:41:00 -0400

Economy Likely To Dominate Presidential DebateRepublican John McCain and Democrat Barack Obama will meet in a town hall-style meeting in Nashville, Tenn. Topics are supposed to be divided between the economy and foreign policy, but given the financial crisis more questions are expected to focus on the topic. Community Banks Insulated From Financial CrisisMany community banks are largely insulated from the financial crisis. They take deposits and lend them to local businesses and home buyers. That model is looking quite stable right now. Despite Bailout, Credit Markets TightThe TED spread is used to determine how tight the credit markets are. The signal it is sending right now is that credit markets became tighter even after the $700 billion financial bailout bill was signed into law. Dow Falls More Than 500 PointsStocks had another dismal day. The Dow Jones industrial average has fallen by more than 500 points. Cary Leahey, senior economist with Decision Economics in New York, says though it may seem the Fed and Treasury have done all they can, the markets want more immediate action. Europe Unifies Over Bank Deposit GuaranteesFinance ministers from the European Union settled on a modest agreement to guarantee bank deposits in all EU countries during a meeting in Luxembourg on Tuesday. The ministers also decided to take "all necessary measures" to improve the stability of European banks. How To Plan Your FinancesMany Americans are worried about their investments due to the economic downturn. Los Angeles financial planner Jennifer Hartman discusses her clients' concerns and offers tips for safe investing. Latin America Feels Financial ShocksEmerging markets that avoided the impact of the first wave of economic shocks will likely feel the second wave as investors pull out of African and Latin American markets. Luis de la Calle, managing director of Public Strategies in Mexico City, discusses how the financial crisis in the U.S. is affecting Latin America. Small Businesses Find Solutions Amid Credit CrunchSmaller companies are looking outside traditional funding sources as banks that want to reduce risk are pulling back on loans. Angel investors, family members and personal funds all come with their own risks, however. Is 'Diversifying Really The Solution?The number one sin people commit in investing is putting all their eggs in one basket, says Michelle Singletary. She offers tips on the best way to diversify and explains the importance of appreciating assets. Sex, Drugs And MineralsBefore last month, few people had ever heard of the federal government's Minerals Management Service. A scandal involving sex, drugs and lax oversight changed that. The publicity has led to questions about the agency's ability to collect money. Fed Considers Buying Commercial PaperThe Fed and Treasury is considerig entering the commercial paper market, made up of unsecured corporate IOUs extended over a short period of time. We examine just how risky the unprecedented move is. Why Are Oil Prices Falling?The price of crude oil has fallen nearly $60-a -barrel since July, which is good news for consumers says Paul Taylor, economist at the National Automobile Dealers Association. We examine what this means for the economy. Fed Chief Hints At Rate Cut As Markets TumbleIn a sign that the central bank is growing increasingly worried about the U.S. economy, Federal Reserve Chairman Ben Bernanke held out new hope Tuesday — in the form of a possible interest rate cut. The Fed also said it would start buying unsecured commercial paper to take the bite out of the credit crunch. Antonia Juhasz: 'Tyranny of Oil' Is A Grave ThreatA fellow at Oil Change International and at the Institute for Policy Studies, she argues that the oil industry's grip on policy and government has never been stronger. She documents her concerns — and argues for remedies — in a new book. Maybe The Dow Doesn't Matter After All?The Dow Jones industrial average closed below the 10,000 mark for the first time in four years on Monday. The Dow is widely used as an indicator of the health of the entire stock market. But some economists, like Seth Jayson, argue that the Dow doesn't really mean much in the long run.