Daily Dash - August 26, 2008

August 26, 2008

The Latest Business Headlines from WWJ Newsradio 950

Automakers Boosting Mileage | Auto manufacturers are making far more than the usual tweaks to cars and trucks between model years to squeeze out more miles per gallon. | Story

Dearborn Firm's China Expansion | International Automotive Components Group plans two joint-venture factories in China over the next years, Crain' Detroit Business reports. | Story

Delphi Under Pressure | Three years after filing for bankruptcy protection, the company's prospects for emerging from it are uncertain , The Detroit News reports. | Story

Office Vacancies High | Rates in Metro Detroit climbed to 22.6 percent in the second quarter, the highest level in at least a decade, The Detroit News reports. | Story

Doggy Day Camps | The emergence of businesses catering to dogs and their owners are part of a trend in Michigan and nationwide, The Detroit Free Press reports. | Story

Dow Falls 241 Points | Stocks Monday gave back all of Friday's gains and then some, as worries about the effects of the credit crunch continued to haunt the financial sector. Story

 

Stories marked with have a related podcast at WWJ.com.
Listen to WWJ Newsradio 950 live on the Web anytime

 

This Week in 'Your Career'

Food company leverages relationships, plans expansion.

Consider a health savings account if offered at work.

Birth order, astrology and career success examined.

Today's Worldwide Automotive Report podcast.

News from CNET

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WARREN-BASED FOOD COMPANY LEVERAGES PARTNERSHIPS, SEEKS TO EXPAND

Nuts indeed are good. But when it comes to running a successful food products business, solid relationships and reliable distribution are what’s most important. Just ask Jonny and Dan Levy.

The brothers (pictured) are the founders and owners of Nuts Are Good! Inc., a Warren company with over $3 million in revenue that manufactures and/or distributes more than 300 nuts and snack products. Nearly 40 percent of those products – including many types and flavors of nuts, such as almonds, peanuts and a snack mix – are packaged at the company’s 10,000 square-foot facility.

The company also distributes chocolates, candies and other snacks made by companies throughout the United States. Starting this year, that product line has included several organic products, including homemade organic granola. The granola has been sold in bulk for over a year but will be packaged in five flavors and sold in retail stores beginning in September. More...

Feldman Report: Health Savings Accounts Save Taxpayers Cash

Do you have a health savings account at work? American taxpayers used them to save to save a total of $900 million in taxes last year, says Murray Feldman, business editor for WWJ Newsradio 950 and Fox 2 News. If you are offered such an account, Feldman says, you might want to set one up.


Do Birth Order and Astrology Affect Your Career Options? Could Be

Are middle children more likely than their siblings to be police officers and fire fighters – and to like their jobs? Are Aquarians and Capricorns likely to earn less than Scorpios and Leos? It looks that way. A survey from job Web site CareerBuilder.com looked at professions, compensation and job satisfaction in relation to birth order and astrological signs. It found some interesting correlations. More...

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20 JOBS TO RIDE OUT AN ECONOMIC SLUMP: Times are tough for job seekers. The U.S. unemployment rate held steady in June at 5.5%, the highest rate since October 2004. The outlook is especially bleak in residential construction and automobiles, and for workers without a college degree. But there are employment bright spots, particularly in technology, according to a new report by job listings company Jobfox. Tech-related jobs figure prominently on Jobfox's list of 20 "recession-proof" occupations. More...

THE SOCIAL NETWORK AS A CAREER SAFETY NET: If you have avoided social-networking sites like LinkedIn and Facebook with the excuse that they are the domain of desperate job hunters or attention-seeking teenagers, it may be time to reconsider. That's according to an article in the New York Times, savvy professionals say on these sites you can "build your own inner circle of people you know are good -- people you know will get you places." More...

WORLDWIDE AUTOMOTIVE REPORT PODCAST: Help for auto industry becomes a bigger campaign issue. Ford share price takes a tumble. Teenagers downscaling their car purchases.

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Editorial Staff:
The Daily Dash - Tuesday edition is written and edited by James Melton, Ed Coury, and Matt Roush


NEWS FROM CNET

MICROSOFT AND WPP TO SWAP ADVERTISING ASSETS?: Microsoft's search for delivering up ads may have another deal in the mix, according to a report Monday in Advertising Age. Microsoft reportedly has restarted talks with ad giant WPP Group to sell its Avenue A/Razorfish agency to the advertising behemoth, but with a new twist, according to the report. Advertising Age, citing sources familiar with the talks, said discussions now involve an asset swap, verses an outright buy of Microsoft's Avenue A/Razorfish operations: Microsoft unloads the agency in exchange for a WPP package that includes 24/7's Open AdStream publisher ad-serving tool plus cash. While Avenue A's price would be higher than most agency deals, very few interactive agencies with that kind of scale are available for acquisition. More...

FACEBOOK APPEARS TO BE CONTROLLING 'WALL SPAM': "Wall spam" is a recent phenomenon on Facebook in which automated spam posts show up on members' message walls. It's similar to a wave of profile spam that swept MySpace a few years ago. "Wall spam" rose to notoriety earlier this month, when members started noticing the phenomenon, and security firms started flagging worms that were spreading via Facebook members' walls and installing malware when a link in the message was clicked. The company has recommended antivirus fixes and says it's acting fast. More...

DEMOCRATIC CONVENTION GETS WIRED: It will take more than a whoppingly huge stadium to host tens of thousands of party insiders, journalists, and bloggers who began arriving in Denver this weekend for the Democratic convention. Even though actual news may be scarce, attendees are nevertheless hauling along laptops, cell phones, wireless cards, and innumerable other gadgets, all of which will place a severe strain on the city's communication infrastructure. To handle the increased demand, the Democrats have enlisted the support of Qwest, Cisco Systems, and other companies to upgrade the technical infrastructure at the Pepsi Center and Invesco Field. More...

Note: While Daily Dash editor James Melton is on vacation, this is the "Dash Lite." James will return, along with your complete newsletter, on Tuesday, Sept. 2, 2008.

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