Job News From: Forbes

Forbes.com: Business News

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. The World's Most Powerful Women The globe's female leaders in business, politics and nonprofits. #1 Angela Merkel With $3.3 trillion in GDP, Germany is Europe9s biggest economy, and Merkel9s reforms are sparking a rebound, with unemployment falling (although consumer confidence just hit a five-year low).

Job News From: Yahoo! Business

Yahoo! News: Business Thu, 28 Aug 2008 14:30:45 GMT

Second quarter growth revised upward to 3.3 percent (Reuters) Reuters - The U.S. economy grew at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but many economists expect growth to flag as the year progresses. 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 gains after GDP data (Reuters) Reuters - Stocks rose on Thursday after second-quarter U.S. growth was revised up much more than expected, buoying 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. Tiffany profit up, raises outlook; Zale posts loss (Reuters) Reuters - Upscale U.S. jeweler Tiffany & Co posted a higher-than-expected profit and raised its full-year forecast on strong sales overseas, while middle-tier Zale Corp posted a loss due to price markdowns.

Job News From: NPR

NPR Topics: Business Thu, 28 Aug 2008 10:37:00 -0400

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. Bankruptcy Filings Jump, Most For IndividualsRenee Montagne has this morning's Business News. Real Estate Agents Cater To Bicycle CommutersSteve Inskeep has this morning's Last Word in Business News. Newspapers' Woes Hit Journalists' Training GroundAs newspapers across the country struggle financially, one with a rich history of training the next generation of journalists is no exception. For a century, students at the University of Missouri's journalism school have learned the craft by working at the Columbia Missourian. But now that paper's troubles could lead to big changes and take away a training ground for student journalists. Sara Wittmeyer reports from member station KBIA. 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. Tale Of The TiVo: MSNBC, Fox News Worlds ApartA look at one key hour of cable news coverage of the Democratic convention Monday night reveals less shouting from liberal-leaning MSNBC's Keith Olbermann and company, who soft-pedaled conflict among Democrats. Over at Fox News, Bill O'Reilly remained a full-force conservative Factor.