Job News From: Forbes

Forbes.com: Business News

#1 Henry Sy & family Mall mogul's company SM celebrated 50th anniversary by opening its 31st mall. #18 Alfonso Yuchengco & family Heads Yuchengco Group of companies, started by his father as a small insurance firm in 1930. #23 Alfredo Ramos Largest shareholder and chairman of Atlas Consolidated Mining & Development, country's second-largest mining company, with nickel, copper interests. #17 Andrew Gotianun Chairman emeritus of conglomerate Filinvest Development, started as a small-scale financier of used cars in 1955. #4 Andrew Tan Made much of his fortune as office developer for outsourcing industry.

Job News From: Yahoo! Business

Yahoo! News: Business Thu, 16 Oct 2008 02:21:06 GMT

Recession fears bludgeon global markets (Reuters) Reuters - A warning of tough times ahead by Fed Chairman Ben Bernanke sent global markets sharply lower, with Tokyo shares tumbling 10 percent on Thursday, as investors brace for looming recession. Bernanke says credit crisis menacing U.S. economy (Reuters) Reuters - Federal Reserve Chairman Ben Bernanke on Wednesday gave a dour assessment of the U.S. economy, citing a "significant threat" from shuttered credit markets in remarks that indicated he was open to cutting interest rates further. SEC extends short-sale disclosure order (Reuters) Reuters - Big investors will be required to disclose their short positions to the U.S. Securities and Exchange Commission under an interim final rule issued by the SEC on Wednesday night. EBay warns on end of year and beyond, shares down (Reuters) Reuters - Online auction leader eBay Inc gave a disappointing forecast that promised little holiday cheer and said it was suffering from a widespread consumer spending slowdown that would drag on into 2009, sending its shares down 3.5 percent. EDF drops Consellation bid as credit tight (Reuters) Reuters - French power company EDF said on Wednesday it would not make a competing bid for U.S. power company Constellation Energy Group Inc because the credit crisis has made financing more difficult to obtain. Stocks plunge anew as data points to recession (AP) AP - Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable. The market's despair propelled the Dow Jones industrials down 733 points to their second-largest point loss ever, and the major indexes all lost at least 7 percent. GM campaign tells buyers they can still get loans (AP) AP - With October auto sales expected to fall short of September's 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can't get a loan. US retailers set for gloomy Christmas (AFP) AFP - US retailers are bracing for a grim Christmas shopping season as Americans rein in their spending and try to weather the storm in the financial markets and a suffocating credit squeeze.

Job News From: NPR

NPR Topics: Business Wed, 15 Oct 2008 22:31:00 -0400

Candidates Spar Over Policies, Negative CampaignIn the third and final presidential debate of the 2008 campaign, John McCain and Barack Obama trade blows over everything from economic and health care policies to who is responsible for the negative tone of the campaign. Stocks Dive On Gloomy Economic OutlookThe turmoil in credit markets poses a "significant threat" to an already slowing U.S. economy, Federal Reserve Chairman Ben Bernanke said. The Dow Jones industrial average plunged more than 700 points, two days after posting a record gain, as investors worried about the depth of a coming recession. Lower Gas Prices Provide Little CheerWhen gas prices soared above $4 per gallon, carpooling, bicycling and the use of public transit increased. Gas prices have now fallen below $3 in many places, but other concerns are replacing anxiety about prices at the pump. Goldman Has Rich Economic Policy LegacyGoldman Sachs has a long legacy of supplying economic policy advisers to Washington. The Goldman alum are now playing a huge role in trying to stage the country's exit from the massive financial and economic crisis. Henry Paulson is a former Goldman official, as is Neel Kashkari. Anatomy Of A Financial BailoutThe heads of America's nine top financial institutions met with U.S. officials behind closed doors Monday to discuss accepting government cash in exchange for an equity stake in their banks. Wall Street Journal staff writer Deborah Solomon says Treasury Secretary Henry Paulson only told the executives to turn up at the Treasury Department at 3 p.m. Dow Plummets More Than 700 PointsThe Dow Jones industrial average have fallen by more than 700 points. Carey Leahey, senior economist with Decision Economics, blames the "dismal" retail sales report and the lingering effects of stagflation for the numbers. One ray of hope: the London Interbank Offered Rate has come down slightly. Small Banks Not Immune From Housing FalloutUnlike the biggest U.S. banks, with nationwide reach, smaller community and regional banks largely avoided making risky home loans. But their exposure to residential development and construction loans means they might still be hurt by the crisis. What Is Wall Street Doing To Fix This Mess?When the financial markets collapsed, the nation looked to Washington to solve the economic woes. But what about leadership on Wall Street? Robert Lenzner, national editor of Forbes Magazine, discusses why Wall Street is taking a passive role. The Day Main Street Bank FailedUntil recently Ken Ebaugh worked at Main Street Bank in Michigan. But Main Street is one of the banks that was closed down by the FDIC this year. Now he's looking at ways he can help homeowners stay out of foreclosure. Borrowing Gets A Little EasierThe "London Interbank Offered Rate," the interest rate at which banks can borrow funds from other banks, has dropped slightly for the third consecutive day. It's still not good compared to the days prior to the collapse of Lehman Brothers, but it suggests that more lending is going on. Small Biz Owners Weigh In On Economic CrisisWhile small businesses employ fewer than 500 people, or in most cases fewer than 20, they account for half of U.S. economic output. And with cash short these days, many small businesses are on the front lines of the credit crisis. Don't Shop — Swap For It On The InternetSince many people find themselves short of cash these days, the age-old practice of bartering is becoming more popular. Consumers are turning to the Internet to find goods or services that don't require cash. Among the "barter" listings on Craigslist is one that offers exotic dance lessons in exchange for an iPhone. Critics Say Rules Too Vague To Cap CEO PayThe legislation authorizing the government to spend up to $700 billion to help shore up the banking system includes provisions that cap what those banking executives may make. Critics say, however, that the standards are too vague to be anything more than political cover. Contract Talks Collapse Between Boeing, MachinistsTalks between striking machinists and Boeing broke down this week. The economy has changed dramatically since workers walked off the job in early September, but they remain committed. Obama Ads Embedded In Video GamesBarack Obama has become the first presidential candidate to embed a political ad in a video game. New technology via the Internet allows ads to pop up on billboards and other signage within games to get the player's attention. The Obama campaign is running ads in 18 video games, targeting 10 states that allow early voting.