The
Latest Business Headlines from WWJ Newsradio 950
Ford,
GM Teaming Up? | Sources say they're trying
to find ways to reduce costs as they respond to a shift
in demand from trucks and SUVs to smaller vehicles.
| Story
| Related
Podcast
Chrysler
Financial Credit Renewed | The company was
seeking a credit facilities renewal of about $30 billion
but reduced the amount, Dow Jones Marketwatch reports.
| Story
Young
People Moving Downtown | They like the vibe
of city dwellers who enjoy culture, walkable communities,
and reinvigorating neighborhoods, the Detroit Free
Press reports. | Story
Road
Funding Plan | State House bills introduced
in late July would give Michigan counties a host of
local funding options, Crain' Detroit Business
reports. | Story
Candidates
to Visit Michigan | Barack Obama is returning
to Michigan today to talk about energy and the economy.
John McCain is coming Tuesday to visit a nuclear power
plant. | Story
DTE
Moves Ahead with Nuclear Plan | DTE Energy
Co. plans to apply by Sept. 18 for a federal license
to build a new nuclear power plant near its existing
Fermi 2 reactor | Story
GM
Drives Dow Lower | Stocks fell Friday as General
Motors drove the Dow lower on a volatile week, and data
showed the highest domestic jobless rate since 2004.
| Story
Stories
marked with
have a related podcast at WWJ.com.
Listen
to WWJ Newsradio 950 live on the Web anytime
BUSINESS
BEEN SLOW? USE THE EXTRA TIME TO GET ORGANIZED, STRENGTHEN
YOUR COMPANY
Some
economists think the U.S. is sliding into a recession.
That is hard to hear, especially in Michigan, where
the economy has been sluggish for years. But a family
business expert says bad times can create opportunities
business owners don't have when business is booming.
Wayne Rivers (pictured), co-founder
and president of the Raleigh, N.C.-based Family
Business Institute Inc., says the luxury
of extra time – which for a business owner could
mean working only 50-60 hours per week rather than 80
– can be put to good use to improve both the business
and the lives of those running it.
“The irony is that, while they might be more nervous
… than they were before, they actually have more
breathing room than they had a couple years ago,”
Rivers said.
Now is the time, Rivers says, for business owners to
get a handle on their time, evaluate their staffs and
get up close and personal with their financial data.
More...
There
is Bright Side: A Glass-Half-Full View of the
Economy
Just
for a minute, set aside all the bad things plaguing
the financial world. Even in these gloomy times, there's
some good news worth checking out, according to Rachel
Beck, business writer for the Associated Press. More...
Troy-based
auto supplier ArvinMeritor Inc. last week announced
that its fiscal third quarter net income rose, despite
declining North American auto production. Furthermore,
the company says it still sees earnings for 2008 at
the high end of its target. How did ArvinMeritor do
it? For one thing, the weak dollar had a positive impact
on foreign sales. More...
MANUFACTURING
FLAT IN JULY; EXPORTS KEEP GROWING: Higher
prices, tight credit and a gloomy economy kept U.S.
manufacturers from growing in July, but exports helped
prop them up. The Institute for Supply Management said
its reading of activity from the country's producers
of cars, airplanes, appliances and food hit 50, down
from 50.2 in June. That beat economists' prediction
of a reading of 49.2, according to the consensus estimate
of Wall Street economists surveyed by Thomson Financial/IFR.
A reading above 50 signals growth.More...
CEO
CONFIDENCE INDEX HITS NEW LOW: The
Chief Executive magazine CEO Confidence Index
continued its streak of losses in July and fell 2.3
points to 82.2, reaching its lowest point since 2002,
when it started at 100 points. The survey was conducted
among 338 top executives. More...
JOBLESS
RATE AT 4-YEAR HIGH: The nation's unemployment
rate climbed to a four-year high of 5.7 percent in July
as employers cut 51,000 jobs, dashing the hopes of an
influx of young people looking for summer work. Payroll
cuts weren't as deep as the 72,000 predicted by economists,
however. And, job losses for both May and June were
smaller than previously reported. July's reductions
marked the seventh straight month where employers eliminated
jobs. The economy has lost a total of 463,00 jobs so
far this year.More...
PACE
OF FINANCIAL SERVICES DEALS SLOWS DOWN: A flurry
of unsettling events in the financial services sector
has slowed deal activity in the U.S. financial services
industry, a report says. For the first six months of
2008, there were 375 financial services deals, a 29
percent decline in deal volume from the same period
last year and a 26 percent drop from the second half
of 2007, according to PricewaterhouseCoopers' US Financial
Services M&A Insights report. More...
AN
ALTERNATIVE TO VENTURE-CAPITAL FUNDING: Wary
of approaching "vulture" capitalists for funding?
Consider a small business investment company (SBIC)
instead, writes columnist Sam Thacker in a column posted
at CBSNews.com. Currently there are over 350 SBA licensed
SBICs in the U.S. All of them must follow a core set
of rules to operate and obtain the benefits of being
an SBIC. More...
CITY
OF DETROIT PLANS LAYOFFS: Detroit
has begun to notify city employee unions that layoffs
are planned after an agreement stalled to raise $65
million by selling the city's half of the Detroit-Windsor
Tunnel. Mayor Kwame Kilpatrick's spokeswoman Denise
Tolliver told the Detroit Free Press and
The Detroit News that the city hasn't specified
how many would be laid off, but the cuts are expected
at the end of September. Letters were sent out Friday.
More...
HAVE
STOCKS STABILIZED, OR IS THERE PAIN TO COME? After
last week's dreary economic news, Wall Street is more
certain than ever that it is facing a recession. But
it's also seeing signs that corporate America is enduring
the difficulties better than it anticipated. With the
Federal Reserve's interest rate meeting this week and
second-quarter earnings still pouring in, investors
are trying to decide whether the stock market is at
a turning point. More...
WORLDWIDE
AUTOMOTIVE REPORT PODCAST: We take a "deep
dive" into a rough July sales report. GM and Ford
are looking at working together on new powertrains.
Are European supercars becoming an endangered species?
BE OUR FRIEND ON FACEBOOK: The Daily Dash
now has a profile page and a group on Facebook. If you
have a Facebook account (or have been looking for a
reason to set one up), we'd like to hear from you. To
visit the Daily Dash profile, click
here. To join thegroup, click
here.
HOMELAND
SECURITY ASSERTS RIGHT TO SEIZE LAPTOPS: It's time
to encrypt your hard drives: Homeland Security now claims
the right to seize laptops, other electronics at the border
for an indefinite time and copy the data. A pair of DHS
policies from last month say that customs agents can routinely
– as a matter of course – seize, make copies
of, and "analyze the information transported by any
individual attempting to enter, re-enter, depart, pass through,
or reside in the United States." More...
FCC
SAYS COMCAST'S THROTTLING OF BITTORRENT WAS ILLEGAL: Federal
regulators voted 3-2 on Friday to declare that Comcast's
throttling of BitTorrent traffic last year was unlawful,
marking the first time that any U.S. broadband provider
has ever been found to violate Net neutrality rules. The
Federal Communications Commission handed Comcast a cease-and-desist
order and required the company to disclose to subscribers
in the future how it plans to manage traffic. More...
RESNOOZE
PUTS HELPFUL NAGS IN YOUR E-MAIL: If you're wary
of using silly things like calendars to keep track of to-dos
and reminders, Resnooze is worth checking out. This tool
lets you schedule in weekly, daily, and monthly reminders
to do something. Every time you get said reminders delivered
to your in-box there are three simple options to get rid
of it, or be reminded yet again – either a week or
month from then. More...
All
contents copyright 2008 CBS Radio Inc. and its relevant
subsidiaries. CBS Radio & Eye logo trademarked and copyright
2008 CBS Broadcasting Inc. Used under license. All Rights
Reserved. Written and edited by Daily Dash Editor James
Melton. For coverage comments or news tips, e-mail James
Melton or call (248) 455-7248. For marketing and advertising
queries, contact Dan Keelan
or (248) 455-7252. To subscribe, e-mail Nancy
Ho. For questions or concerns, please email Pete
Kowalski, WWJ's Station Manager.
LEGAL NOTICE: This email may be considered an advertising
or promotional message. If you no longer wish to receive
commercial email from this station, please reply to this
email by sending a reply email by clicking on the "reply"
button at the top of this page or by sending an e-mail Nancy
Ho. Or you can change your subscriber profile: Click here to change
You must use this method to notify Daily Dash and WWJ of
your opt-out request, as we cannot guarantee that other
methods of notification will be effective. Please be aware
that we may continue to contact you via email for administrative
or informational purposes, including follow-up messages
regarding contests you have entered or other transactions
you have undertaken. By law, such messages are not considered
to be commercial e-mail.
have a related podcast at 
Some
economists think the U.S. is sliding into a recession.
That is hard to hear, especially in Michigan, where
the economy has been sluggish for years. But a family
business expert says bad times can create opportunities
business owners don't have when business is booming.
Just
for a minute, set aside all the bad things plaguing
the financial world. Even in these gloomy times, there's
some good news worth checking out, according to Rachel
Beck, business writer for the Associated Press. 
BE OUR FRIEND ON FACEBOOK: The Daily Dash
now has a profile page and a group on Facebook. If you
have a Facebook account (or have been looking for a
reason to set one up), we'd like to hear from you. To
visit the Daily Dash profile, 
