Job News From: Forbes
Forbes.com: Business News
- Big Buy For Tommy HilfigerGlobal stocks slide as Phillips-Van Heusen buys the fashion label for $3 billion.
- The Best Bank For YouLooking to switch banks? Let Forbes help.
- Historic China-Taiwan Economic Pact AheadTaiwanese politician Jason Hu sees boost to Island's competitiveness.
- A Retail Rebound? HardlySales improved marginally in February, but consumers are still spending cautiously.
- Capital Controls ComebackScared of bubbles and volatility some emerging economies restore them.
- China Stands Firm On YuanBeijing official rejects Obama?s call to let currency appreciate; European stocks trade higher.
- Peru Pursues Free TradeWhen the E.U. agreement is ratified, Peru will have bilateral deals with most of its key partners.
- Dodd's Quarterback SneakWith time running down, the Senate banking committee chief will introduce his own version of reform bill.
- Capital Controls ExpandThe use of capital controls can help diminish financial market volatility.
- Next For China's Beverage KingIncreasingly well-off Chinese consumers are looking for healthier drinks and China's richest man, Zong Qinghou, wants to provide them.
- Gymboree Rides Higher On ProfitsAfter Hours: Men's Wearhouse tumbles as it swings to a loss.
- Ronald Lauder's Billion-Dollar CollectionBillionaire on his passion for art and why he spent $135 million on one Klimt painting.
- Harvard BillionairesThe Ivy League university produces the most billionaires.
- Hollywood Billionaire's Passion For ArtArnon Milchan gives Forbes a rare glimpse inside his multi-million dollar collection.
- Billionaire Boy ScoutStephen Bechtel, Jr.'s says his Eagle Scout skills prepared him for success in business and life.
- Meet The Billionaire Of FunPharma tycoon Stewart Rahr on balancing business with pleasure.
- Billionaires You've Never Heard OfThese low-key tycoons have built brands like Nintendo and Garmin.
- Spending Buffett's MoneyWarren Buffett talks to Forbes about giving away billions to charity.
- Top Billionaire: Carlos Slim HeluMexican mogul moves up while Bill Gates and Warren Buffett round out the top 3.
- Saving Boston's 'Banner'Can the mayor, a banker and a Harvard prof turn around the city's African-American weekly?
Job News From: Yahoo! Business
Yahoo! News: Business News Mon, 15 Mar 2010 18:39:02 GMT
- Stocks fall ahead of Fed meeting on interest rates (AP)
AP - Investors turned cautious Monday ahead of the Federal Reserve's meeting on interest rates.
- AP Source: Toyota to cast doubt in Prius case (AP)
AP - A person briefed on the matter says Toyota will cast doubt on a California man's claim that his Prius sped out of control.
- Boston Scientific suspends defibrillator sales (AP)
AP - Medical device maker Boston Scientific said Monday it is suspending sales of its heart-shocking defibrillator implants after failing to alert regulators to changes in manufacturing of the top-selling devices.
- Calvin Klein parent to buy Tommy Hilfiger for $3B (AP)
AP - Two iconic American clothing labels — preppy Tommy Hilfiger and classic Calvin Klein — are coming together under one roof after Phillips-Van Heusen said it will purchase Tommy Hilfiger for about $3 billion in cash and stock.
- Oil and Gas Companies Warm to Possibility of Higher Taxes at the Pump (CQPolitics.com) CQPolitics.com - As a rule, big business hates higher taxes. So it would come as no surprise to find the oil and gas industry upset about climate change legislation that would increase levies at the gas pump.
- FCC unveiling sweeping national broadband plan (AP)
AP - Communications regulators are unveiling a sweeping proposal to overhaul U.S. broadband policy. Their aim: to bring affordable, high-speed Internet connections to all Americans and make access much faster for people who already have broadband.
- Wall Street faces Fed meeting with momentum (AFP)
AFP - Wall Street stocks are set to build on nearly year-and-a-half highs as they face next week's key economic reports and the US Federal Reserve's monetary policy meeting.
- Summary Box: How will the Fed signal higher rates? (AP) AP - SMOKE SIGNALS: Federal Reserve policymakers may signal at their meeting this week how and when the mending economy will lead them to start raising record-low interest rates.
- Toreador 4Q loss narrows as oil prices rebound (AP) AP - French energy company Toreador Resources Corp. said Monday that its fourth-quarter loss narrowed to $5 million as rising oil prices partially offset falling production.
- Euro ministers discuss Greek standby aid planning (Reuters)
Reuters - Euro zone finance ministers discussed the mechanics of a financial rescue for Greece on Monday but gave few details of their standby planning as Athens tries to fix its public finances alone.
- 21 Ways to Cut Expenses in Retirement (U.S. News & World Report) U.S. News & World Report - Few Americans are saving enough to finance a retirement that could last 30 years or more. Workers who haven't accumulated enough to maintain their current standard of living have two choices: delay retirement or learn to live on less money. Those willing to put in a little effort to downsize big and small expenses may be able to get by just fine with a smaller retirement stash. Here are some frugal strategies retirees can employ to stretch their nest eggs:
- Ex-NY bank president first accused of TARP fraud (Reuters) Reuters - The former president of New York's privately held Park Avenue Bank was arrested and charged on Monday with being the first person to attempt to steal from U.S. government bailout funds in the financial crisis.
- Analyst removes RadioShack from recommended list (AP) AP - Shares of RadioShack Corp. fell on Monday after Goldman Sachs removed the electronics retailer from its recommended list although it still rates the shares a "buy."
- Homebuilder sentiment index falls in March (AP) AP - Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for homebuilders.
- Nigeria militants set off bombs, step up threats (AP)
AP - Militants in Nigeria's oil-producing region detonated two car bombs Monday near a government building where officials were discussing an amnesty deal, showing their resolve to resume attacks after an agreement to bring peace and economic benefits to the area unraveled.
- Toyota, UAW reach tentative agreement on Nummi (AP) AP - The United Auto Workers and Toyota Motor Co. now agree on terms to shut down the Nummi plant in Northern California.
- Caution: Stats May Be Slippery (BusinessWeek) BusinessWeek - Peril permeates a steel mill. Molten metal explodes when exposed to water. Overhead cranes hoist steel coils weighing up to 80,000 pounds. Heavy vehicles roll within feet of high-voltage wires. "We have a work environment that presents every hazard known to man," says Alan H. McCoy, vice-president and spokesman at AK Steel in West Chester, Ohio.
Job News From: NPR
NPR Topics: Business Mon, 15 Mar 2010 14:02:00 -0400
- Calvin Klein Owner To Buy Tommy Hilfiger For $3BThe deal adds a prominent brand to Phillips-Van Heusen's stable, which also includes Izod and Arrow. It's expected to help Phillips-Van Heusen introduce some of its brands overseash also includes Izod and Arrow. , where privately held Hilfiger is strong. Tommy Hilfiger will remain in his role as principal designer.
- Industrial Output Up; Hopes For Factories GrowIndustrial production edged up 0.1 percent in February, beating expectations and marking the eighth straight monthly increase. The manufacturing sector — for months a rare bright spot in the economy — fell 0.2 percent amid winter storms but is expected to rebound in March.
- Report Offers Bad News For The News BusinessThe latest Pew Project for Excellence in Journalism State of the News Media report offers more bleak data and forecasts for the news business.
- Government Can't Explain Runaway PriusThe government says it cannot explain a reported incident of sudden, high-speed acceleration in a Toyota Prius on a San Diego, Calif., freeway last week. The National Highway Traffic Safety Administration says in a statement that it continues to investigate but may never know exactly what happened with the car.
- Democrats To Unveil Financial RegulationsSenate Democrats are expected to unveil new proposals Monday aimed at overhauling regulations for banks and other financial institutions. It's been two years since the peak of the financial crisis, and lawmakers have yet to decide how to manage the industry. The new measures would give the Federal Reserve new power to examine the very largest banks.
- CBS Apologizes To Dockers With Free TV AdsCBS reportedly is giving the clothing maker Dockers free advertising time during the NCAA men's basketball championships. According to Advertising Age, it's to make up for a snafu that occurred during the Super Bowl. The Dockers ad featured men marching around in their underwear. The ad that aired right before that also featured men in their underwear.
- Unemployment Rate Doubles For Older WomenThe number of long-term unemployed women ages 45 to 64 has more than doubled in the past year. As many as 900,000 women in this age group have been without work for at least six months.
- More Employers Make Room For Work-Life BalanceKristy Stumpf, the HR director for a software firm, works from home two days a week — and greets her daughters at the bus stop after school. It's not just parents pushing for flexible work hours these days; millennials and aging boomers are also helping persuade employers to rethink what it means to be on the clock.
- Options On The Flex-Work MenuFor those who think working 9 to 5 is all takin' and no givin' (as Dolly Parton once sang), there are options for a more flexible work arrangement. Don't know your flextime from your job sharing? Here's a quick primer.
- On-Demand Body Parts: Inventing The Bio-PrinterA medical invention currently in development may one day be able to create new organs, right there in the hospital. The 3-D bio-printer takes cells from a patient's failing organ and "prints out" a new organ — almost like a 3-D ink-jet printer. Guy Raz explains how the device works with the man who developed the prototype, Gabor Forgacs.
- Violence Spurs Calls To Rein In The Repo ManIf you don't make your car payments, someone can be hired to repossess it. They might tow it from your driveway or a parking lot. But sometimes repo men go further, breaking into people's garages or homes. Fights can break out. People get hurt, and some have even been killed, prompting some groups to call for greater regulation.
- Dodd Leaves GOP Behind For Financial RegulationsAfter months of working with Republicans to fashion a joint overhaul of financial regulation, Sen. Christopher Dodd will go it alone Monday. As Banking Committee chairman, Dodd will unveil his proposal to rewrite regulations with the aim of avoiding another financial meltdown. Guest host Audie Cornish talks with NPR's John Ydstie about what to expect.
- How Eliminating Overdraft Fees Could Cost YouAnnoying overdraft fees on insignificant purchases may be on their way out. Starting this summer, banks will have to get their customers to "opt in" if they want overdraft protection on debit card transactions. But the new rules won't necessarily ease a person's cash flow; banks are finding other ways to make the money back.
- Nine To Five No More: New Shifts For LaborFor generations, American life has revolved around a Monday-through-Friday, 9-to-5 work week. But the labor laws that defined this schedule date to an era when men went off to a factory and women stayed home. Today, the makeup of the workforce is changing, and mobile technology means work can get done well outside the confines of a 6-by-6 cubicle. Monday on Morning Edition, NPR's Jennifer Ludden begins a three-part series on efforts to make the workday more flexible. Ludden joins guest host Audie Cornish for a preview.
- 'Funemployment' And More Slang For A RecessionNot much good has come out of the recession from which we seem to be slowly emerging. But at least it's left us with some new lingo, like "staycation." The Christian Science Monitor has compiled a list of its favorites, and guest host Audie Cornish explains a few of them.