| CEO pay cuts: Not just for banks
February 4, 2009 at 6:45 pm
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|  Pay cuts could be coming to a corner office near you, even if you're not the CEO of a troubled bank. |
| Cisco beats the street on earnings, revenue
February 4, 2009 at 5:17 pm
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|  Cisco Systems Inc. reported a 27% drop in fiscal second-quarter net income Wednesday, but the computer networking giant came in ahead of analyst estimates on earnings and revenue. |
| Obama's pay plan doesn't go far enough
February 4, 2009 at 5:04 pm
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|  President Obama's plan to limit executive pay at firms getting government funds may calm some angry voices on Capitol Hill. |
| New toy safety rules lead to confusion
February 4, 2009 at 4:16 pm
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|  A year after millions of toys and other children's products were recalled over lead concerns, advocacy groups say the government's efforts to enforce stricter safety laws is causing more confusion for parents about what is safe to buy. |
| 8 bank CEOs invited to rescue accountability hearing
February 4, 2009 at 3:14 pm
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| The chairman of the House Financial Services Committee, Rep. Barney Frank, D-Mass., invited CEOs from the first eight companies that received bailout funds to testify in an accountability hearing on the Troubled Asset Relief Program. |
| Obama's pay limit plan courts disaster
February 4, 2009 at 2:51 pm
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| Politicians like to be popular. By that standard, Barack Obama's reported plan to put a $500,000 cap on salaries for top executives at companies that depend on government support is a great idea. But from almost any other perspective, the new U.S. president is courting disaster. |
| Did Madoff's feeder fund shop for friendly audits?
February 4, 2009 at 2:48 pm
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| When Madoff whistleblower Harry Markopolos testified before Congress today, he blasted the Securities and Exchange Commission, gave gripping testimony about his nine-year quest to reveal Bernard Madoff's alleged $50 billion scheme, and predicted that more of Madoff's web would be uncovered soon. But one of his most damaging accusations was about the auditing practices of Madoff's biggest feeder fund, Fairfield Greenwich Group. |
| Costco braces for poor quarter
February 4, 2009 at 2:09 pm
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|  Read full story for latest details. |
| Massive job losses: What's left to cut?
February 4, 2009 at 1:36 pm
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|  For the 12th consecutive month, small businesses made deep staffing cuts: Companies with 500 or fewer workers cut 430,000 positions in January, according to the latest ADP employment report, released Wednesday. |
| The new rules of mortgage lending
February 4, 2009 at 1:35 pm
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|  If you're shopping for a mortgage these days, it's a whole new world out there. |
| Obama talks tough on CEO pay
February 4, 2009 at 1:30 pm
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|  President Obama is having his say on soaring executive pay. |
| Madoff whistleblower blasts SEC
February 4, 2009 at 1:29 pm
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|  A whistleblower who repeatedly warned the Securities and Exchange Commission that Bernard Madoff was perpetrating a massive investment fraud testified Wednesday that the regulatory agency that oversees financial markets is inept, "financially illiterate" and far too cozy with the financial titans it is supposed to be regulating. |
| Ticketmaster-Live Nation: A sour note
February 4, 2009 at 1:07 pm
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| There were plenty of stories earlier this week commemorating the 50th anniversary of the plane crash that killed Buddy Holly, Ritchie Valens and the Big Bopper -- a tragedy later dubbed "The Day the Music Died." |
| $100 billion jolt of 'green stimulus'
February 4, 2009 at 1:00 pm
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|  A short-term booster shot for the economy? Or a complete rethinking of the way businesses and individuals consume energy? |
| Flying to NYC? Good chance you're late
February 4, 2009 at 12:54 pm
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|  The New York metropolitan area's three major airports had the worst U.S. on-time record in January, according to an organization that tracks and compiles data about the airline industry. |
| 84% of cities in money trouble
February 4, 2009 at 12:41 pm
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| More than eight in ten cities are in financial trouble, up from 64% six months ago, according to a survey released Wednesday. |
| Kodak sees much larger loss than forecast
February 4, 2009 at 12:29 pm
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|  Read full story for latest details. |
| Goodbye, PC (and Mac). Hello, services.
February 4, 2009 at 12:28 pm
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|  Our love affair with PC hardware may be waning in this recession. Instead, we're smitten with services. |
| Kraft, Sara Lee cut 2009 profit forecasts
February 4, 2009 at 12:25 pm
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|  Read full story for latest details. |
| Bond prices dip on record refunding
February 4, 2009 at 12:15 pm
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|  Government debt prices edged lower Wednesday after the government's announcement of a record quarterly refunding of longer-term debt and as investors digested some dismal unemployment data. |
| Unemployment rises in 98% of cities
February 4, 2009 at 11:51 am
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|  In a sign that job losses are felt in every corner of the nation, unemployment rates rose in 98% of metropolitan areas across the country in December, according to a recent government report. |
| Stimulus: What Obama really wants
February 4, 2009 at 11:43 am
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|  As Senate Democrats angle for enough votes to pass an $885 billion economic recovery package, the Obama administration has laid out what it does - and doesn't - want in the final package. |
| Stocks on the rise
February 4, 2009 at 11:21 am
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|  Stocks rose Wednesday morning as a better-than-expected reading on the economy and a rally in bank and tech stocks helped counter weak earnings and dour labor market reports. |
| Cut the cost of your bare essentials
February 4, 2009 at 10:43 am
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|  There are some things you just can't live without. But here's how you can pay less for your essentials. |
| Galbraith on the crash... it has a familiar ring
February 4, 2009 at 10:31 am
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|  Until about Sept. 20, 2008, the day Henry Paulson asked Congress for a $700 billion blank check, most of us probably thought we had a decent layman's grasp of how the economy works and how it grows. |
| Service sector shrinks less in January
February 4, 2009 at 10:25 am
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|  Read full story for latest details. |
| Buffett's metric says it's time to buy
February 4, 2009 at 9:49 am
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| Is it time to buy U.S. stocks? |
| Buffett's metric says it's time to buy
February 4, 2009 at 9:29 am
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| Is it time to buy U.S. stocks? |
| Stores need to excite, execute, entertain
February 4, 2009 at 9:25 am
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|  Merchants are desperate to lift sales. Consumers are wary to spend money. So how can struggling sellers still get shoppers in the store? |
| Dollar jumps on euro, pound
February 4, 2009 at 9:14 am
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|  The dollar rose strongly against the euro and pound Wednesday, after weak economic reports from the region supported many investors' beliefs that the regions' central banks will cut interest rates on Thursday. |
| Disney profit plummets 32%
February 3, 2009 at 5:26 pm
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| Read full story for latest details. |
| Yum Brands expects poor quarter
February 3, 2009 at 5:05 pm
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|  Read full story for latest details. |
| Auto sales are worst in 26 years
February 3, 2009 at 4:22 pm
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|  Auto sales tumbled even more than expected in January to their worst levels since at least 1982, as a pullback in purchases by rental car companies became the latest problem for the troubled industry. |
| The most wanted man on the planet
February 3, 2009 at 4:16 pm
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|  Where in the world is Tom Freston? A lot of people have been asking that question ever since the day in September 2006 when Freston fell off the face of the media world. |
| Treasury: $1.15B to 42 banks
February 3, 2009 at 4:15 pm
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|  The Treasury Department on Tuesday detailed 42 local banks that recently received a combined $1.15 billion in government bailout funds. |
| Stocks stage rally
February 3, 2009 at 4:14 pm
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|  Stocks rallied Wednesday, erasing morning losses as investors focused on the day's positive earnings reports and a surprise rise in a key measure of home sales. |
| ADM ethanol production sinks 21%
February 3, 2009 at 4:03 pm
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|  Read full story for latest details. |
| Citigroup sues pawnshop over logo
February 3, 2009 at 3:55 pm
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|  You would think that Citigroup had enough on its plate these days, but that hasn't stopped the financial behemoth from filing a copyright infringement suit against a Brooklyn, New York, pawnshop over a similar logo. |
| Motorola shares dive
February 3, 2009 at 3:53 pm
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|  Read full story for latest details. |
| Oil rises as OPEC cuts production
February 3, 2009 at 3:36 pm
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|  Oil prices rose Tuesday as signs of OPEC production cuts began to emerge. But gains were tempered as the group fell short of its pledge and the economy continued to show weakness. |
| Big banks have some nerve!
February 3, 2009 at 3:10 pm
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| Business may be slow for the nation's big banks -- but their public relations departments sure are busy! |
| GM offers buyouts to all hourly workers
February 3, 2009 at 1:51 pm
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|  General Motors is offering buyouts to virtually all of its remaining hourly workers, becoming the latest automaker to try to cut labor costs by giving nervous workers an incentive to leave the company. |
| Dollar gives up ground
February 3, 2009 at 1:43 pm
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|  The dollar lost ground against major currencies Tuesday as Wall Street stayed calm ahead of two central bank monetary-policy decisions. |
| Pending home sales rise in December
February 3, 2009 at 12:10 pm
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|  Plunging home prices and low mortgage rates pushed homebuying activity higher in December, according to a regular industry report released on Tuesday. |
| Obama taps Republican for Commerce
February 3, 2009 at 11:57 am
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| President Barack Obama extended a major political olive branch to the GOP Tuesday, nominating New Hampshire Republican Sen. Judd Gregg to head the Commerce Department. |
| Ticket resellers: A butt in every seat
February 3, 2009 at 11:27 am
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|  Don't call them scalpers - call them resellers instead. They are brokers that peddle hard-to-find tickets for live events such as concerts or sporting events, and they have gone legit thanks largely to the Internet. |
| Drugmakers beat the Street
February 3, 2009 at 10:52 am
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|  Read full story for latest details. |
| Job cuts mount: 8,000-plus
February 3, 2009 at 10:50 am
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|  Thousands more workers got bad news on Tuesday as companies in fields ranging from financial services to retail announced job cuts. |
| Fed extends special lending programs
February 3, 2009 at 10:38 am
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| Read full story for latest details. |
| D. R. Horton reports loss, beats estimates
February 3, 2009 at 10:25 am
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|  Read full story for latest details. |
| Dividends you can count on
February 3, 2009 at 10:10 am
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| In boom times, slow-and-steady stocks that pay dividends will always pale next to high-octane growth shares. But when the market dives, getting paid something - anything - to wait out the downturn becomes an increasingly attractive proposition, especially since yields look more generous as share prices fall. |
| Stocks in early struggle
February 3, 2009 at 9:42 am
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|  Better-than-expected earnings from Merck gave a lift to the blue chips Tuesday morning, but the broader market was mixed ahead of the release of the January auto sales and pending home sales reports. |
| Citigroup comes clean on TARP spending
February 3, 2009 at 9:31 am
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|  Citigroup offered its first glimpse Tuesday into how it is spending the $45 billion in government bailout money that the ailing bank has received in recent months. |
| GMAC announces $7.46B profit
February 3, 2009 at 8:58 am
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|  Read full story for latest details. |
| UPS plans belt-tightening
February 3, 2009 at 8:45 am
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|  Read full story for latest details. |
| Government debt prices fall
February 3, 2009 at 8:44 am
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|  The Treasury market wasn't able to turn its attention away from the avalanche of supply clogging up the pipelines. |
| The reverse brain drain
February 3, 2009 at 7:52 am
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|  Silicon Valley may have a reputation as a place where people change jobs as easily as they change clothes. But that was never the case for Bonnie Loo, who started as a software tester for Macromedia in 1999 and survived the dot-com crash, a merger with Adobe Systems, and a move into project management. |
| An Ivy League mom with a dream on hold
February 3, 2009 at 7:51 am
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|  Anne Naggayi's middle son is always trying to help her come up with new job-search strategies. Recently he watched the movie The Pursuit of Happyness, starring Will Smith as a homeless man who talks his way into financial success, and told his mother that she should follow his lead. "Mom, you should be like this man," he said. "Tell them your story." |
| The whole family joins the army
February 3, 2009 at 7:51 am
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|  Lynette Mendez wears pink sweaters and recently took in an unwanted cat. She is a mother hen who shuttles her daughter, Cheramie, to her after-school job and picks up her kids' friends from work. So it's hard to picture Mendez decked out in camouflage, scaling walls or firing M-16s. But that's what she'll be doing as soon as the paperwork goes through. Despite having a master's degree in accounting, she can't find a job - so she has joined the U.S. Army Reserve. |
| A floor under oil prices?
February 3, 2009 at 7:50 am
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| Read full story for latest details. |
| A pig farmer's last truckload
February 3, 2009 at 7:50 am
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|  Out in Storm Lake, Iowa (pop. 10,076), pigs outnumber humans by about 18 to one. For 36 years Norlin Gutz raised 50,000 piglets annually on a farm first settled in the 19th century by his great-grandfather. Gutz was one of the few remaining independent pig farmers in an increasingly corporate industry. But on Jan. 11, Gutz loaded his last 1,500 pigs onto a truck. Norlin Gutz is bankrupt. |
| From Yahoo to layoff in Internet time
February 3, 2009 at 7:50 am
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|  At her age, Melissa Daniels can't conceive of life without the Internet. One of her most vivid childhood memories is of agonizing about choosing her AOL screen name, at the age of 8 (she settled on mndkid, using her initials). So when a manager at Yahoo offered her a position as a community manager in May 2008, Daniels leaped at the chance. Little matter that the company was already in turmoil, having just rejected a takeover bid from Microsoft. It was the kind of job you don't turn down, the modern-day equivalent of one at 1960s General Electric. "It's always an honor to be asked to work for a company like that," she says. "It definitely sweetened the deal." |
| Back from war but fighting for a job
February 3, 2009 at 7:49 am
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|  Adam Schulz's online-networking profile says it all: "Combat veteran searching for job in Chicago. Strong background in leadership under pressure in hostile environments." It's a good thing Schulz has this kind of experience, because the streets of the Windy City are feeling almost as mean as those of Baghdad - at least when it comes to finding a project management job in technology or defense. |
| An odyssey of downward mobility
February 3, 2009 at 7:48 am
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|  If you'd told Diana Mackey a few years back that she'd be working the night shift as a temporary sorter in an Amazon.com warehouse, she probably would have laughed out loud. |
| Sleepless nights after the mill winds down
February 3, 2009 at 7:47 am
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|  While so many Americans were overreaching during the boom years, Cory Clapsaddle appreciated what was right in front of him. He wanted to follow in his dad's footsteps, working at the local paper mill and raising a family in the home he grew up in. "If it was good for my father, it was good for me," he says. |
| Looking for life after Lehman Brothers
February 3, 2009 at 7:44 am
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|  It's not easy going to a job interview when the first item people see listed in your "experience" column is a name synonymous with financial disaster. "One of the things I've discovered is that having Lehman on your resume is not a good thing," says Anthony Singh with a slight smile. |
| The new jobless
February 3, 2009 at 7:43 am
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|  The numbers are staggering, especially because the tallies are being measured in human beings: Caterpillar (20,000 layoffs), Alcoa (15,000), Boeing (10,000), Pfizer (8,300), and tens of thousands more. The toll of jobs lost in the U.S. since the recession began is heading toward three million. |
| A career counselor takes his own advice
February 3, 2009 at 7:43 am
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|  Even before times turned bad, Greg Dillon volunteered at career centers and his church to help people write resumes and strategize about jobs. It was a satisfying way to share his skills as a training and development specialist. So today he doesn't need to read the papers to see the impact of the recession on his Cobb County neighbors. |
| After an eight-month search: You're hired!
February 3, 2009 at 7:41 am
|
|  This is a story with a happy ending, but the conclusion is not the most important point. It's how Jessica Pfeiffer, who was unemployed for eight months, decided to spend her time. |
| Helping mom with retirement
February 3, 2009 at 7:08 am
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|  Question: My mother is 50 years old and has no 401(k), IRA or any type of retirement account that she can rely on when she is no longer able to work. What type of plan can I set up for her so she can start saving money? L.K., Lancaster, Pennsylvania |
| The new jobless
February 3, 2009 at 6:14 am
|
| The numbers are staggering, especially because the tallies are being measured in human beings: Caterpillar (20,000 layoffs), Alcoa (15,000), Boeing (10,000), Pfizer (8,300), and tens of thousands more. The toll of jobs lost in the U.S. since the recession began is heading toward three million. | | | 
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