WEDNESDAY, DECEMBER 03, 2008
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Daily News, Global News, News Archives

DECEMBER 3, 2008  —  TOP NEWS
Detroit's New Bill: $39 Billion
GM, Ford, and Chrysler present plans for an overhaul as the worst-hit automakers issue a dire warning if help isn't forthcoming

DECEMBER 2, 2008  —  MYTAKE
Tips for Finding Employment in Hard Times
To beat the job-hunting pack, you'll need to take risks, be realistic, and understand your potential employer's needs

DECEMBER 2, 2008  —  TOP NEWS
Senator Urges FHA Vigilance Against Mortgage Fraud
A BW story on former subprime lenders making FHA-backed loans prompts Missouri Senator Kit Bond to call for greater anti-fraud efforts

DECEMBER 2, 2008  —  TOP NEWS
Ford Vows to Go Electric
In return for U.S. backing, the automaker is preparing to have ready a "family" of hybrid and electric vehicles by 2012

DECEMBER 2, 2008  —  TOP NEWS
Ford's Mulally Hits the Road
In an interview from his drive to Washington, the Ford CEO calls the drubbing of last month "a learning experience"

DECEMBER 1, 2008  —  TOP NEWS
Investor Sues to Block Mortgage Modifications
A lawsuit against Bank of America claims states and banks will short bondholders $8.4 billion and damage the market by cutting home payments

DECEMBER 1, 2008  —  AUTOS
GM, Ford Prepare for Congress
U.S. automakers plan to reopen their union contract and may sell Saab and Volvo to the Swedish government as a way to pare brands

NOVEMBER 30, 2008  —  TOP NEWS
Black Friday Sales Rose, But More Discounts Loom
Shoppers flooded stores over the weekend, but sales growth was slim and a harsh holiday selling season seems likely. Specialty stores lagged

NOVEMBER 27, 2008  —  TOP NEWS
Six Tips to Help Land a New Job
Here's how top career experts say you can improve your job-seeking skills in a worsening economy

NOVEMBER 26, 2008  —  TOP NEWS
Citigroup's CFO Talks About the Bailout
Gary Crittenden: Citi and the federal government "had a common objective: the stability of the financial system"

NOVEMBER 26, 2008  —  TOP NEWS
China Losing Luster with U.S. Manufacturers
A new survey finds rising worries about product quality and intellectual-property theft. More U.S. companies are looking to Mexico and their own backyard

NOVEMBER 26, 2008  —  TOP NEWS
Toys: No Must-Haves This Holiday Season
Retailers are trying to create excitement in the absence of a coveted plaything like Tickle Me Elmo or Nintendo's Wii

NOVEMBER 25, 2008  —  TOP NEWS
Wal-Mart Settles Mispricing Suit
Wal-Mart has settled a suit that claimed it overcharged customers. Shoppers should double-check their receipts from retailers to be sure they paid the price they think they did

NOVEMBER 24, 2008  —  TOP NEWS
Citigroup's Uneasy Victory
The federal bailout calmed the market and seems to fence off Citi's toxic assets. But some investors wonder what it says about the state of other banks

NOVEMBER 24, 2008  —  TOP NEWS
Venezuela Votes: Chavez Opposition Makes Inroads
Election results set the stage for more tensions as lower oil prices and soaring inflation increase the pressure on Venezuela's President

NOVEMBER 23, 2008  —  MYTAKE
Too Late for an MBA? Never!
For BusinessWeek reader Jim Gordon, 51 turns out to be the perfect age to pursue a graduate degree in business school full time

NOVEMBER 23, 2008  —  TOP NEWS
Richardson Would be Bold at Commerce
As New Mexico's governor, he pushed public-private alliances. He'd aim federal money and research labs at national problems

NOVEMBER 23, 2008  —  TOP NEWS
Deck the Stores with Bargains
Deep discounts on retail prices for apparel, jewelry, electronics, and even opera fail to excite consumers wary of losing their jobs

NOVEMBER 21, 2008  —  TOP NEWS
Geithner: Obama's Likely Treasury Choice
The president of the New York Federal Reserve Bank would be the Obama Administration's man in charge of tackling the financial crisis

NOVEMBER 21, 2008  —  TOP NEWS
China Stealing U.S. Computer Data, Says Commission
The top 10 U.S. defense contractors are said to be victims of cyber-espionage through Chinese "penetration of their unclassified networks"

NOVEMBER 21, 2008  —  TOP NEWS
Citigroup Shares Keep Sinking
The bank's board meets as Wall Street wonders whether CEO Pandit can withstand the pressure, or if he'll be forced into a deal or U.S. rescue

NOVEMBER 21, 2008  —  TOP NEWS
For Exiting Wal-Mart CEO, a Victory Lap
Michael Duke will replace Lee Scott in February after Scott revived the big-box retailer's sales and share price, as well as his reputation

NOVEMBER 20, 2008  —  TOP NEWS
Citigroup's Worries Mount
The bank's sinking shares indicate investors have lost confidence in CEO Vikram Pandit and it may be headed for a sale or another bailout

NOVEMBER 19, 2008  —  TOP NEWS
Auto Execs in the Hot Seat
GM, Ford, and Chrysler CEOs face tough Senate questions over why the U.S. should hand them billions, and whether it'll do any good

NOVEMBER 19, 2008  —  TOP NEWS
Paulson's Explanation Leaves More Questions
Second-guessing mounts over Henry Paulson's handling of the Treasury bailout fund, along with his answers for where and how the funds are being applied

NOVEMBER 19, 2008  —  TOP NEWS
Daschle to Become Health Secretary
The former Senate leader is expected to become Obama's point man on health-care reform and will oversee a $707 billion federal bureaucracy

NOVEMBER 19, 2008  —  AUTOS
Auto Bailout: Seeking Signs of Sacrifice
House members push for workers to give up some pay and benefits, and ask why executives still don't seem to get the need for change

NOVEMBER 19, 2008  —  MANDEL ON ECONOMICS
Is Deflation Good for Workers?
A key underlying cause of the financial crisis was a fall in real wages. A bit of deflation may be just what consumers need

NOVEMBER 18, 2008  —  TOP NEWS
The Ax Swings at Citigroup
With thousands of new job cuts set for the next several months, Citi's workforce and managers are in for tense times

NOVEMBER 18, 2008  —  MYTAKE
Blame U.S. Consumers for Offshoring
You want merchandise for less. Sending manufacturing jobs to Asia is the only way to give it to you, says BusinessWeek reader Rudy Vandenbelt

NOVEMBER 18, 2008  —  TOP NEWS
Memo from Jerry Yang
From the desk of the exiting CEO

NOVEMBER 17, 2008  —  TOP NEWS
Consumer Cutbacks: Look Who's Benefiting
As Americans trade down on brands, switch to discount stores, and buy on layaway, it's not just Wal-Mart that's winning business

NOVEMBER 17, 2008  —  TOP NEWS
Key Questions From the G-20 Summit
G-20 finance ministers must decide what to do about trade tensions, consumer spending, housing prices, and global coordination

NOVEMBER 16, 2008
Germany Is Officially in Recession
The Federal Statistical Office has announced the economy is in recession, with third-quarter data even worse than expected

NOVEMBER 16, 2008
Six Unknowns Roiling the Market
After weeks of mad volatility, even longtime market observers are baffled by what's ahead for stocks

NOVEMBER 15, 2008  —  TOP NEWS
G-20 Summit: Little Action, Many Promises
Finance ministers, given a list of some 47 things to follow up on, agreed to meet again before the end of April

NOVEMBER 14, 2008
The Ax-Man Finally Arrives at Sun
Wall Street thinks the company needs to cut more jobs, but it's in danger of losing some good people

NOVEMBER 13, 2008  —  TOP NEWS
Wal-Mart: Profits Climb, Outlook Is Trimmed
The retail giant said third-quarter profit rose 10%, but it cut its fourth-quarter outlook due to the tough economy

NOVEMBER 12, 2008  —  TOP NEWS
Unemployment: How to Slow the Bleeding
In crafting a spending plan, federal officials must choose between measures that give a fast lift to the economy and those that create sustainable new jobs

NOVEMBER 12, 2008  —  WASHINGTON
Foreclosures: Washington to the Rescue?
The Treasury is finally moving to keep people in their homes because it can't ask Congress for more bank-bailout funds without some help for homeowners

NOVEMBER 12, 2008  —  MANDEL ON ECONOMICS
Mandel: Paulson's Shift Is Just a Start
The Treasury Secretary's new focus on using bailout money to support frozen consumer loan markets acknowledges reality. But it's only a down payment

NOVEMBER 12, 2008  —  TOP NEWS
The Bailout Plan: Paulson's Pivot
The Treasury Dept. is steering away from the original intent of buying questionable mortgage-related securities—much to the chagrin of Wall Street

NOVEMBER 11, 2008  —  TOP NEWS
Retail: The Great Holiday Blowout Sale
From Neiman Marcus to Old Navy, no one's immune to big sales promotions leading up to what promises to be the weakest holiday season in decades

NOVEMBER 11, 2008  —  TOP NEWS
Sheldon Adelson's Trouble at the Tables
The gambling magnate antes up for the second time in two months, in a bid to avert financial disaster at Las Vegas Sands

NOVEMBER 11, 2008  —  TOP NEWS
Oil Prices at 20-Month Low
As the market realized the Chinese spending plan won't avert a slowdown, oil prices fell

NOVEMBER 10, 2008  —  TOP NEWS
Circuit City Files for Bankruptcy
With the chain's future in doubt and the economy in tatters, Best Buy, Wal-Mart, and online retailers look to pick up share in electronics

NOVEMBER 9, 2008  —  TOP NEWS
Crestor Study Will Boost Statin Demand
AstraZeneca's statin was found to cut cardiovascular risk in those with normal cholesterol by 45%. But are the potentially huge extra costs worth it?

NOVEMBER 8, 2008  —  AUTOS
Automakers' $25 Billion Fast-Track Bailout
The Detroit Three's desperate plight is speeding along a rescue from Washington, with for now no plans for hearings

NOVEMBER 7, 2008  —  TOP NEWS
UPS Takes the Lead on Hydraulic Hybrids
The delivery company will deploy seven trucks with a technology to challenge the electric hybrid—and may point the way for more green vehicles

NOVEMBER 7, 2008  —  TOP NEWS
Automakers to Washington: It's Crunch Time
Auto executives tell congressional leaders millions of jobs could be lost if the Detroit Three don't get billions of federal dollars


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