Job News From: Forbes

Forbes.com: Business News

Antibiotics: It's The Efficacy, Stupid An FDA committee's vote on Targanta's oritavancin could have a big impact on drug development. Export Growth Stalls In Pearl River Delta The Chinese region faces considerable challenges, exacerbated by a global slowdown on demand for its products. Dexter Filkins, War Correspondent Never heard of him? Hang on, you will, thanks to his new book 'The Forever War.' Rebuilding Global Markets The latest analysis and commentary from across Forbes.com. Venturing To New York Venrock partner David Pakman on where the growth is in digital media and why Silicon Valley just doesn't cut it.

Job News From: Yahoo! Business

Yahoo! News: Business Thu, 20 Nov 2008 15:19:50 GMT

Citigroup shares tumble despite Alwaleed boost (Reuters) Reuters - Citigroup Inc's largest individual investor gave the troubled bank new support, saying he would boost his stake modestly, but failed to revive investor confidence as the bank's shares tumbled another 10 percent. Stocks extend losses after Philly Fed (Reuters) Reuters - Stocks extended losses on Thursday after the Philadelphia Federal Reserve Bank said factory activity in the Mid-Atlantic region fell to another 18-year low in November, adding to worries about the depth of the economic slowdown.. Philly Fed November factory activity hits new 18-year low (Reuters) Reuters - Factory activity in the U.S. Mid-Atlantic region fell to another 18-year low in November, a survey showed on Thursday. Weekly jobless claims surge to 16-year high (Reuters) Reuters - The number of U.S. workers filing new claims for jobless benefits surged last week to their highest level in 16 years, Labor Department data showed on Thursday, as a harsh economic environment forces employers to cut back on hiring. Oil dives below $50 as investor confidence sinks (Reuters) Reuters - Oil plunged below $50 a barrel on Thursday, deepening losses over the previous four sessions as battered financial markets reflected ever lower confidence in the world economy and evidence mounted of falling fuel demand. SKorean stocks fall sharply after Wall Street drop (AP) AP - South Korean stocks fell for an eighth straight session Thursday, and the won dropped against the U.S. dollar to levels not seen in more than a decade, as a sell-off on Wall Street and worries about the world economy shook investors. The Bank Terrorist (Investor's Business Daily) Investor's Business Daily - Housing: For years, a self-described "bank terrorist" blackmailed banks into making bad home loans in our inner cities. Now those loans are defaulting by the millions, and he's blaming banks. Children's Place profit up (Reuters) Reuters - Children's Place Retail Stores Inc's quarterly profit almost doubled, driven by higher sales and improved gross margins, but the apparel retailer said it expects a challenging holiday season.

Job News From: NPR

NPR Topics: Business Thu, 20 Nov 2008 09:38:00 -0500

Companies Looking Everywhere To Cut CostsAs companies try to survive the rough economy, they are cutting costs. The person in charge of deciding where and how deep to cut, is often the chief financial officer. CFO Magazine recently interviewed more than 300 CFOs, and nearly half said they plan to layoff workers. Kate O'Sullivan, a writer with the magazine, tells Steve Inskeep that companies are also looking at hiring freezes and reductions in overtime. Auto Industry Jitters Drive Down Stock PricesWorry that the U.S. auto industry could collapse has added to recession jitters on Wall Street. The Dow Jones industrial average finished down nearly 430 points Wednesday, falling below the 8,000 mark — levels not seen since 2003. Economy Continues Downward SpiralThe economic news just keeps getting worse. The stock market is at its lowest level in more than five years. The number of homes being built continues its downward spiral. Retailers are predicting a miserable holiday season. David Wessel, economics editor of The Wall Street Journal, tells Steve Inskeep he's watching for signs of deflation. Airlines Looking To Unload Idle PlanesBloomberg News reports American, Continental and United Airlines are shopping around more than 270 old planes. These are less fuel efficient models that have been pulled from their fleets. They're draining money because airlines have to pay hefty storage fees and still have to make lease payments. Credit snags have upended several deals. Continental is hopeful it can sell its old jets to airlines in Russia. Other promising markets include Africa and South America. Falling Prices Point To A Struggling EconomyEconomists say falling prices are a sign the economy isn't doing well. Slowing consumer demand is behind the fall in oil prices, which are heading toward $50 a barrel. The government reported Wednesday that prices for consumer goods are eroding at a record pace. A short while ago, inflation seemed to be the danger. Economic policymakers now are fretting about deflation. Retirees Watching Anxiously; Will GM Be Saved?Detroit automakers have hundreds of thousands of retirees who are wondering what might happen if their former employers go bankrupt. Auto executives say without $25 billion in loans, they could be forced into bankruptcy. Auto Bailout Debate Turns to BankruptcyU.S. automakers seem unlikely to secure $25 billion in emergency loans from Congress. But a new debate has emerged over the possibility of a planned or "pre-packaged" bankruptcy filing. A Parts Firm Exec's View Of Car Industry WoesGregg Sherrill, chairman and CEO of the auto parts manufacturer Tenneco Inc. talks to Melissa Block about problems with the auto industry. His company has been hit hard by the financial problems of GM, Chrysler and Ford. He supports a bridge loan for the companies. Dow Dips Below 8,000 To 5-Year LowThe Dow Jones industrial average closes below 8,000 points for the first time since March 2003. Electric Car Manufacturer Hopes To Generate SalesEven as America's troubled auto industry seeks a handout from Congress, a relatively new car manufacturer that's tailored for the 21st century is trying to get traction. Tesla Motors Inc., in Silicon Valley, hopes its $110,000 Roadster will make inroads for a cheaper family sedan. Consumer Prices Fall By Largest Amount Since 1947The drop in inflation in October reflects a huge fall in gasoline prices and widespread decline in other areas. Consumer prices fell by 1 percent in October, the biggest one-month decline on records that go back to February 1947. Saving For College In PennsylvaniaCathy Walker of Ardmore, Pa. is struggling to keep her bills paid while looking after her mother. She says she's also worried about helping her teenage daughter save for college. Carly Fiorina On Silicon Valley's FutureSilicon Valley was once thought of as recession-proof, but the technology sector is taking hits in the current economic downturn. The Hewlett-Packard's former chief executive officer discusses the state of Yahoo, Google and Silicon Valley. Video Games Suck Up Energy Like VampiresWant to cut down on your utility bills? You may want to take a second look at your Wii, Play Station and X-Box. A video game console can suck up as much energy as two refrigerators. Q&A: Pondering Options For Detroit's FutureThe Big Three automakers are petitioning Congress for a $25 billion lifeline, but growing opposition makes the outlook for the bailout uncertain. Analysts say both Ford and GM will need to restructure and continue their efforts to focus and improve their product lineup regardless of whether government help comes through.