Job News From: Forbes

Forbes.com: Business News

Fed Ponders Private Equity In Banks With banks unable to attract traditional capital and the credit crisis persisting, the Fed may ease rules for private investors. Truth or Dare Do we really want the unvarnished truth from someone running a financial institution? Predicting a collapse is likely to be self-fulfilling. Crunch Still On, Banks Stay Tight Canceled deals are a reminder of how little Wall Street is willing to lend. Here Comes Carbox The combination of carbon footprints and Sarbanes-Oxley has corporate America running scared--creating a boom for consultants. Sponsor's Content: Power to Your People, Money in Your PocketCompanies that enable employees to make decisions are three times more successful than competitors. Find out why. It's All About Who You Know With energy costs skyrocketing, Dow Chemical has found it's nice to have friends in the oil and gas business.

Job News From: Yahoo! Business

Yahoo! News: Business Fri, 04 Jul 2008 18:09:05 GMT

BCE buyers finalize funding (Reuters) Reuters - Announcing what it said were "essential milestones" allowing the world's largest leveraged buyout to go ahead, BCE Inc said on Friday that its buyers had finalized funding and were sticking to their C$34.8-billion ($34.1 billion) purchase price. Merrill nears deal to sell Bloomberg stake: report (Reuters) Reuters - Merrill Lynch & Co may sell its 20 percent stake in financial news and data provider Bloomberg LP to a blind trust controlled by New York City Mayor Michael Bloomberg, The New York Post reported on Friday. French bank body fines SocGen $6 million over Kerviel (Reuters) Reuters - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss. Tax credit to save UBS from hefty loss (Reuters) Reuters - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price. EU opens in-depth investigation of Rio-BHP deal (Reuters) Reuters - The European Commission opened an in-depth investigation on Friday into BHP Billiton's $170 billion unsolicited bid for rival miner Rio Tinto , with prices of iron ore already soaring. Smooth sailing for yacht builders despite economy (AP) AP - Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts. Energy shares, tame jobs data lift Dow (Reuters) Reuters - NEW YORK (Reuters) -The Dow rose on Thursday, a day after the blue-chip average entered a bear market, on relief payrolls data was not as weak as some had feared and with another record oil price boosting energy shares. Economy - Thursday (Investor's Business Daily) Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%. Australia's Origin Energy rejects BG's $13B bid (AP) AP - Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group.

Job News From: NPR

NPR Topics: Business Fri, 04 Jul 2008 13:17:00 -0400

Rebate Checks Also Stimulating the Porn IndustryThis year's tax-rebate checks sent out to boost your bank account are also boosting the porn industry. A company that tracks the online adult entertainment market says many sites report a 20 percent to 30 percent increase in membership since May. About a third of these members said the stimulus checks were a factor in their decision to join or renew. What 'Bear Markets' Mean For The EconomySome economists are saying that the economy has slumped into a "bear market," but what does that term really mean? Co-host Ari Shapiro talks with David Wessel, economics editor of the Wall Street Journal, who says that the way experts talk about the economy can have a significant impact on it. Saudis Refuse To Boost Output As Oil Summit EndsA meeting of oil producers and consumers has ended in Madrid, with little hope of any reduction in the price of fuel. Luxury Retailers Want eBay To Police For KnockoffsA French court ruled this week that eBay must pay Louis Vuitton more than $60 million in damages for allowing fake goods to be sold through its site. Co-host Ari Shapiro talks with Chris Sprigman, a professor of intellectual property law at the University of Virginia, about the implications of the ruling. Before Microsoft, Gates Solved A Pancake ProblemBefore Bill Gates became a household name, he went to Harvard. His sophomore year, he was assigned a complicated mathematics problem, which — no surprise — he solved. His paper on the solution was published, and until recently it remained the best solution to that problem: stacking pancakes. All That And A Bag Of Beer ChipsCo-host Renee Montagne has today's Last Word in business. Prices And Demand Skyrocket, Not FireworksA series of supply and production problems in China have caused cities across the U.S. to curtail or completely cut their fireworks shows this Fourth of July. The problems have even affected commercial sales, driving prices sky-high. Median Net Worth DeclinesThe Fed's report in June said the net worth of Americans showed the biggest decline since 2002. Scott Hoyt, senior director of consumer economics at Moody's Economy.com, says when the value of assets fall, it makes it harder to reach financial goals. Employers Cut Jobs For Sixth Straight MonthThe U.S. economy lost jobs for the sixth straight month in June. The Labor Department says employers cut 62,000 jobs from their payrolls. The unemployment rate was unchanged at 5.5 percent. The data were in line with economists' expectations. Employers Cut More Than 60,000 Jobs In JuneSome 62,000 jobs were cut from company payrolls in June, and the number of laid-off workers seeking benefits also rose sharply last week. The figures are further signs of a slowing U.S. economy.