The Latest Business Headlines from WWJ Newsradio 950
Global Stock Markets Tumble | A massive sell-off on Wall Street and escalating fears of a global recession sent world stock markets plunging this morning. |Story
GM Plummets With Dow | The blue chip index closed below the 9,000 mark for the first time since 2003. A steep drop in General Motors stock helped to fuel the decline.Story
State Budget Cutus Possible | Michigan is doing better than many other states at staying in the black, but a state economist says budget cuts are likely next year. | Story
Urban League Leader In Detroit | The president of the National Urban League called for the the next president of the United States devise a sweeping new economic plan .|Story
Toyota Test Center | Toyota formally opened a new engineering and safety testing facility near Ann Arbor, bringing 400 jobs to an area hard-hit by auto industry layoffs. | Story
Movie Law Succeeding | Six months after Michigan began handing out the nation's most generous moviemaking incentives, results are surpassing lofty expectations. | Story
18 And Still Growing
In the midst of profound uncertainty regarding the state, national and world economies, Strategic Staffing Solutions celebrated a major milestone October 1st. We turned 18!
It hardly seems possible that it was 18 years ago when we opened for business with three employees at our initial headquarters on Woodbridge just east of the Renaissance Center. More...
HOW TO DEAL WITH DEBT COLLECTORS: If you've got a debt collector on your back, your first reaction might be to make a payment immediately. That's one of the greatest mistakes you can make, says Gerri Detweiler, author of "Stop Debt Collectors." There might be an error in the amount you owe – and it's very possible your other debts or financial needs should take priority.If a debt collector contacts you, the first step you should take is to ask for verification. "Ask the debt collector to verify the debt in writing," Detweiler says. Keep your first conversation short and sweet. Reveal no information about yourself or your finances. Expect to receive verification within a week or two. More...
21ST CENTURY JOBS FUND AWARDS $30 MILLION TO 17 HIGH-TECH FIRMS: Gov. Jennifer M. Granholm Wednesday announced that 17 companies have been selected by the Strategic Economic Investment and Commercialization board to share nearly $30 million from the 21st Century Jobs Fund to initially create over 1,500 new jobs in emerging high-tech sectors. “These innovative Michigan companies are poised to turn their scientific and technological innovation into high-paying jobs,” Granholm said. “We look forward to partnering with them as we work to diversify and grow our economy.” The 21st Century Jobs Fund awards were made to companies in the later stages of development ready to create jobs in the competitive-edge sectors of alternative energy, life sciences, advanced automotive, manufacturing and materials, and homeland security and defense. More...
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In the Market Brought to you by The Advanced Strategies Group
HR NOT FIRST STOP FOR MOST EMPLOYEES EXPERIENCING WORK PROBLEMS: Most people would rather talk to a friend or colleague than anyone in HR if they're having work-related problems, says a recent survey by Opinion Research Corporation. The Ouch Point survey, performed by the Princeton, N.J.-based market research firm, found that about 25 percent of respondents doubted the ability of HR professionals to keep information about work-related problems confidential. But U.S. workers are twice as likely to talk to someone other than the HR department about work. Only 22 percent of those surveyed said they would seek help from their HR department, 39 percent said they would talk to a friend, and 66 percent said they would speak to their manager about a work problem. More...
CENTER FOR MICHIGAN TO HOST CANDIDATE TOWN HALL FORUM ON ENTREPRENEURIALISM AND ECONOMIC DIVERSIFICATION: House Candidates from Wayne, Oakland and Macomb Counties will participate in a candidate town hall forum on Monday, October 20, at 7 p.m. at the ePrize headquarters in Pleasant Ridge. The candidates, from older-ring communities along the 8 mile corridor, will discuss the entrepreneurial and economic diversification strategies of Michigan’s Defining Moment Common Ground Agenda for Michigan’s Transformation. Everyone with a strong interest in transforming Michigan is encouraged to attend, and admission is free. More...
U.S. HOUSE NAMES OCTOBER NATIONAL WORK & FAMILY MONTH: The U.S. House of Representatives recently passed a resolution (HR 1440) declaring October as “National Work & Family Month.” The resolution, co-sponsored by Rep. Carolyn McCarthy (D-N.Y.) and Rep. Todd Platts (R-Pa.), also was authored with WorldatWork and the Alliance for Work-Life Progress. The designation, now in its fifth year, emphasizes the importance of balancing work and family life in order to maintain health and job productivity. For a work-life effectiveness self-audit and ideas on how to celebrate the month in your organization, visit the Alliance for Work-Life Progress at this link.
START-UP TO EXTEND BATTERY LIFE: Intel-backed start-up ZPower may be the first to introduce an alternative to the ubiquitous lithium-ion laptop battery, with a silver-zinc technology the company says will make its debut with a large laptop maker in 2009. The company promises up to 40 percent more run time than current lithium-ion batteries, and says its batteries are 95 percent recyclable. Intel-backed start-up ZPower may be the first to introduce an alternative to the ubiquitous lithium-ion laptop battery, with a silver-zinc technology the company says will make its debut with a large laptop maker in 2009. The company promises up to 40 percent more run time than current lithium-ion batteries, and says its batteries are 95 percent recyclable. More...
STUDY: MOBILE WEB SITES NEED IMPROVEMENT: Apple's iPhone has revolutionized Web browsing on a mobile device, but some users of the breakthrough phone are still frustrated with their experience when surfing certain sites, like Yahoo. Keynote Systems, which provides testing tools to help companies improve their mobile experience, found in a study released Thursday that satisfaction rates of iPhone users using certain sites were low and only a small percentage of users clicked through on advertising. The results suggest that the usability of many mobile Web sites still needs improvement. It also suggests that advertisers might have to adjust their practices on the mobile Web. More...
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