The Latest Business Headlines from WWJ Newsradio 950
World Markets Rally | Many of the biggest stock markets rose as governments intensified efforts to stabilize the world's troubled financial system | Story
Market GM/Chrysler Reaction | Investors will have a chance to put their money on what they think of a GM/Chrysler deal, The Detroit Free press reports | Story
Compuware Closes Lower | Shares plunged 17.7 percent Friday after the company said its financial results for its second fiscal quarter would miss expectations. | Story
Credit Unions Have Cash | Area credit unions say they are flush with cash and are doing a booming business, Crain’s Detroit Business reports. | Story
Western States Seek Workers | A shortage of workers in North Dakota and a surplus of unemployed Michigan residents brought recruiters to Grand Rapids. | Story
Fear Driving Stocks | The Dow dropped 18 percent last week and the Standard & Poor's 500 experienced the biggest one week drop since 1933. | Story
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GUARDING A TRUST DURING A FINANCIAL CRISIS: Money in a trust managed by a well-known Wall Street firm may evoke images of ultimate security, but it is just as vulnerable as any other investment. As financial titans topple, investors with assets in these trusts are sorting through what the changes mean for them. Knowing a few details can help. Right now, there are two main worries. First, that the company managing the trust may be sold, declare bankruptcy or get embroiled in a government bailout. The second worry is the turbulent market. “You want to keep your eye on these things," said Robert H. Sitkoff, a trustexpert and professor at HarvardUniversity. More...
WORKERS GETTING HELP FROM LIFE COACHES: In an effort to motivate workers to adopt healthier lifestyles, some American employers are offering free health coaching at work. Coaching sessions - during which medical professionals, such as nurse practitioners and physician assistants, offer advice to employees on how to get or stay healthy - are typically delivered over the phone or via the Web. But in an effort to reach more workers and better engage them, some employers are offering in-person coaching in the workplace. More...
EMU ROLLS OUT ONLINE CORPORATE ETHICS TRAINING PROGRAM: Up until recently, Enron and WorldCom were some of the best examples of the worst lapses in corporate ethics. But recent events on Wall Street and the subprime mortgage crisis have outed other companies with apparent ethical breaches and bad judgments about other peoples' money—and the aftermath is far-reaching. These kinds of corporate ethical lapses are what Eastern Michigan University (EMU) is hoping to prevent with a new online corporate ethics training program. The training modules are designed to help people make the right business decisions based on self-knowledge, an understanding of company standards and expectations, and regulations like the Sarbanes-Oxley Act of 2002.More...
SPEAKERS ANNOUNCED FOR WWJ'sMICHIGAN MONEY SUMMIT: Join WWJ Newsradio 950 at the VistatechCenter at SchoolcraftCollege for the free financial seminar "Michigan Money Summit – Managing Your Money In Difficult Times." WWJ Newsradio 950's Murray Feldman will host this timely event, designed to give you information on how to save more money, protect your assets, plan for the future and grow your income. See who's on the program.
WORLDWIDE AUTOMOTIVE REPORT PODCAST:GM's board is said to be cool on the idea of a merger with Chrysler. Is Ford looking at selling its stake in Mazda? Toyota prepares big advertising blitz.
MICROSOFT EXEC: CHALLENGING TIMES PLAY TO OUR STRENGTHS: With a tough economic climate figuring to put a crimp on IT spending, Microsoft is already working on honing a message that it can help businesses save money. In an interview Friday, Microsoft Business Division President Stephen Elop said that companies are certainly re-evaluating their tech spending projects, but tried to make the case that Microsoft stands to fare better than most. "Relative to Microsoft's general approach of making all technology, all software very affordable...that plays very well at these times," Elop said. "Who knows what lies ahead, but nonetheless, we've got some pretty good messages." More...
LOUD MP3 LISTENING CAN BE HAZARDOUS TO YOUR HEARING: People who listen to personal music players for only five hours a week at a high volume may be doing permanent damage to their hearing. A team of nine experts on the Scientific Committee on Emerging and Newly Identified Health Risks is expected to release that finding in a study Monday, according to a report in the International Herald Tribune. The EU entity also points out that young people may be doing damage to their hearing that may not surface until years after the exposure, according to the newspaper.More...
MACBOOK: MORE RUMORS AND PICS SURFACING: Despite the tanking economy, Apple's new MacBooks due to be unveiled Tuesday are creating some buzz (see Techmeme) and propping up Apple's stock price. The latest alleged pictures in the wild are of the new aluminum case (above) of the forthcoming systems posted on MacX.cn. According to AppleInsider.com, the new higher end MacBook Pro will include a mini-DVI connector and a single FireWire 800 connector.Overall the changes don't look major other than the shift to aluminum and the rumored substitution of Intel's chip set of Nvidia's graphics chip set, as reported by AppleInsider.More...
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