Job News From: Forbes

Forbes.com: Business News

Reporting From The '1984' Beijing Olympics Reading the Chinese media's Orwellian version of a 'New York Times' story says a lot about how the Chinese see the world. European Central Bank Sparks E.U. Debate With bank's response to European slowdown and Sarkozy's criticism, a common economic policy is unlikely throughout the E.U. La Reine De La Richesse Dominique Senequier is France's leading lady of private equity. She didn't get there by being demure. Under-the-Counter Market Financial traders are forever suspicious that the brokers supposedly serving them are undermining their orders. Claims in a salacious derivatives market battle may bear out their fears. Brown-Forman's Tequila Deal Has A Bad Aftertaste

Job News From: Yahoo! Business

Yahoo! News: Business Fri, 29 Aug 2008 22:11:40 GMT

Consumer spending flags, but confidence rises (Reuters) Reuters - Personal income tumbled unexpectedly in July and inflation-adjusted spending shrank as government economic stimulus waned, but consumer spirits rose this month, a hint the economy may muddle through its woes. Stocks tumble as Dell warns on tech spending (Reuters) Reuters - U.S. stocks tumbled on Friday, led lower by tech shares after computer maker Dell warned that companies worldwide are cutting back on technology spending. Palin, drilling advocate, spars with oil companies (Reuters) Reuters - Alaska Gov. Sarah Palin is seen as a strong advocate for opening new areas to oil drilling, including the Arctic National Wildlife Refuge, but has taken a hard line in negotiations with oil companies and raised taxes on the state's energy producers. Electric fault spurs big GM recall (Reuters) Reuters - General Motors Corp is recalling 857,735 vehicles equipped with a heated windshield wiper fluid system for a potential short-circuit problem, according to federal safety regulators. Lenders mulling new offer in Alabama debt standoff (Reuters) Reuters - Alabama's Jefferson County and lenders pulled back from the brink of a threatened bankruptcy filing on Friday after the county proposed restructuring $3.2 billion of soured sewer debt. Stocks end lower on personal income data (AP) AP - Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index. Suitmakers hit hard as retailers want discounts (Reuters) Reuters - Competition and a move away from tailored dressing, only exacerbated by a weak economy, are hurting the men's suit business hard, and retailers are adding to manufacturers' pain by demanding more discounts.

Job News From: NPR

NPR Topics: Business Fri, 29 Aug 2008 13:00:00 -0400

New Orleans Residents Raise Houses HighFriday is the three year anniversary of Hurricane Katrina's landfall in New Orleans. Some New Orleans residents have decided to "raise" their houses onto a higher foundation to avoid flooding. The problem: neighbors say the high houses change the appearance of the community and at least one has collapsed. 'Marketplace' Report: Affordable Manhattan?It might get a little easier to move on up to the East Side. New York City recently released records that show condos and co-ops in prime Manhattan neighborhoods are selling for less than their purchase prices. Phelps Cashes In On Olympic GoldRecord-setting Olympian Michael Phelps made an appearance Thursday in New York to promote a swimming program for inner-city kids. The event was sponsored by Visa, one of seven companies that has commercial ties to the swimmer. Phelps' agent says he could end up earning $100 million in endorsements. China, Iraq Aim To Team Up To Develop Oil FieldA pending deal with the state-run China National Petroleum Corp. calls for China to help develop an oil field south of Baghdad, Iraq. It would be the first contract Iraq has signed with a big foreign oil company since the fall of Saddam Hussein in 2003. Iraq needs help to develop its oil fields, and China needs energy for its fast growing economy. Sewer System Puts County Knee-Deep In DebtSome pessimists might describe the U.S. economy as going down the drain, but in Alabama's Jefferson County, it really is in the sewer. The county — home to Birmingham — is sinking under more than $3 billion in debt that officials took on to finance their sewer system. Imitators Profiting From Artist's Obama DesignAn image of Barack Obama by artist Shepard Fairey has become one of the most popular images of the campaign. But Fairey, whose posters have helped raise money for the campaign, says he has little patience for people who have copied the image for personal profit or resold his posters — at huge markups — on eBay. For Sale: San Francisco Condo For $70 MillionHome prices may be sagging, but San Francisco resident Victor MacFarlane isn't deterred. He's selling his home for $70 million. The penthouse condo includes a wine storage room, a gym with a sauna and a movie theater with 13 seats. A Soaring Speech? You Gotta Let It Sink InOnly after time passed did John Kerry's 2004 Democratic acceptance speech, in which he saluted and said he was "reporting for duty," become one of the most painful moments in political history. The media were mixed on Obama's speech, but how will it play out later? Only time will tell. Economic Growth Spurs Concerns Over InflationWith higher than expected economic growth, economists remain concerned about inflation. Some think the economy is facing enough head winds to keep it in check. Others say the strong GDP numbers mean the economy hasn't slowed down enough yet to curb inflation. Florida's Tourism Executives Revisit Offshore DrillingFlorida's biggest business is tourism, and its beaches are the state's crown jewel. The state's tourism industry has strongly opposed offshore oil drilling, but in September, an annual tourism convention will focus on the risks and rewards of this practice. In Minnesota, Two DreamsOn the anniversary of Martin Luther King's I Have a Dream speech, we meet with two families — each striving for the American dream. Though they live just 10 miles apart, they face very different circumstances. One is well off, the other poor; one is black, one white. But they both value education and want a better life for their children. 'Marketplace' Report: Relief For Porn AddictsIn the newest test version of Microsoft's forthcoming Internet Explorer, consumers will have the option to surf without a "history." There are benefits to this feature beyond just prolonging marriages. Real Estate Agents Cater To Bicycle CommutersWith gasoline prices still high, many people are looking to move to areas with good bike lanes and bicycle stores. Real estate agents are catering to the niche market by donning helmets and hopping on two wheels to show off houses in bike-friendly neighborhoods. But not all agents are so eager to ditch their suits and cars. 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.