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May
13, 2008
The
Latest Business Headlines from WWJ Newsradio 950
Council
to Vote on Removing Mayor |
Detroit City Council Tuesday will vote on whether to
remove Mayor Kwame Kilpatrick from office. | Story
HP
Could Buy EDS | Hewlett Packard Co. is in "advanced
discussions" aimed at acquiring Electronic Data
Systems for nearly $13 billion, according to The
Wall Street Journal. | Story
GM
Plant Closing | General Motors plans to close
its Windsor transmission factory in the second quarter
of 2010. The plant employees about 1,400 people. | Story
| Related
Podcast 
Protection
for Delphi Pensions | The agency that insures
private pensions told Delphi that it will move quickly
to shore up the company's pension plan, The Detroit
News reports. | Story
Progress
in Axle Talks | Negotiators for American Axle
and the UAW made progress in weekend bargaining, but
the company won't say if they are close to reaching
a deal. | Story
Oil
Drop Sparks Rally | A pullback in crude sparked
a stock rally, sending the Dow 130 points higher. The
Nasdaq rose 1.8 percent, reflecting investors' willingness
to seek risk. | Story
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Stories
marked with 
have a related podcast at WWJ.com. |
Listen
to WWJ Newsradio 950 live on the Web anytime 
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RETIREMENT
SAVERS ARE MAKING COSTLY 401(K) PLAN MISTAKES, A STUDY
FINDS
 Despite
extensive efforts to educate workers about saving for
retirement, many employees are not doing a good job
of managing their company-sponsored 401(k) accounts,
a new study indicates.
The analysis of nearly 1 million retirement portfolios
found that 69 percent have inappropriate risk or diversification
of holdings and 36 percent have worrisome concentrations
of company stock. In addition, one-third of savers aren't
putting enough aside to qualify for the full company
matching contribution. More...
Make
the Most of Your 401(k), IRA
Some useful Web resources for retirement savers
and those who want to get started saving for retirement. |
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Feldman
Report: Health Care Still the Place to be for Job Seekers
When it comes to job creation, no industry in the U.S.
tops health care, WWJ Newsradio 950 and Fox 2 News reporter
Murray Feldman says. From March 2001 through the end
of last year, nearly half of new jobs were in health
care. Since the end of last year, that industry added
about 60,000 jobs, while the rest of the country lost
close to 200,000 jobs.
Survey:
Working Mothers Not Happy With Amount of Time Left for
Kids
A lot of working mothers would rather spend
more time at home with the kids, a survey from CareerBuilder.com
found. According to the survey, 43 percent of working
moms said they would take a pay cut if it meant they
could spend more time with their kids and, among those,
34 percent stated they would be willing to give up 10
percent or more of their salaries. A majority would
stay home altogether, if they could. More...
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 COMPANIES
SENDING MORE EMPLOYEES ABROAD:
Could an overseas job be in your future?
An overwhelming majority of multinational corporations
say they plan to send more employees on overseas assignments
in the months ahead, according to the new Global Relocation
Trends Survey, published annually by GMAC Global Relocation
Services. The worldwide survey of 154 multinational
firms found that 68 percent of corporations are ramping
up their employee assignment efforts. Of those, 95 percent
say they plan to either increase the number of employees
being transferred or stay at the same level as last
year. A mere 5 percent expect to decrease the number
of employees relocating in 2008. More...
GETTING READY FOR
A LAYOFF: U.S.
employers have cut tens of thousands of jobs in the
last few months and layoffs appear to be spreading.
If you're worried about your job, now isn't the time
to panic. It's time to get prepared. For six ways to
get ready for a potential layoff, click
here.
 AMERICA
@ WORK AFL-CIO UNION-INDUSTRIES SHOW: From
May 16-18 at Cobo Center in Detroit, hundreds of exhibits
and hands-on demonstrations will celebrate America’s
union workers and the work they do. The 70th Annual
America-at-Work AFL-CIO Union-Industries Show has something
for everyone, and American Union-made products at great
prices. To learn more about the event, click
here.
EMU
TO VOTE ON NEW PRESIDENT: Eastern Michigan
University's Board of Regents plans to vote Wednesday
on whether to appoint Susan Martin as the school's first
female president in its 159-year history. More...
TAX REBATE WRINKLE
EXCLUDES SOME AMERICANS: An
estimated hundreds of thousands of taxpayers –
including legal immigrants and soldiers based abroad
– won't be getting a share of the stimulus package
because of a provision aimed at preventing illegal immigrants
from getting rebates. The reason: When lawmakers decided
to send out the checks, ranging from $300 to $600 per
adult taxpayer, plus another $300 for each child, they
formulated it so only taxpayers who have Social Security
numbers would qualify. The rule unintentionally caught
many taxpayers who would have qualified for the bonus.
Among them are some of the 288,000 troops stationed
overseas who may have married a foreigner. More...
 THE
FUTURE OF TRANSPORTATION: Join WWJ Newsradio
950 for a business breakfast titled "The Future
Of Transportation In Southeast Michigan." The event
will take place May 15 at the Anderson Theatre at The
Henry Ford in Dearborn. The two-panel conference will
discuss Detroit's future in moving freight and moving
people. For more information, click
here.
For a related podcast, click
here.
WORLDWIDE
AUTOMOTIVE REPORT PODCAST: GM to close Windsor
Transmission Plant. Nissan profit slips. Chrysler cancels
crossover plans.
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Editorial
Staff:
The Daily Dash - Tuesday edition is written and edited by James Melton, Ed Coury, and Matt Roush |
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