The Latest Business Headlines from WWJ Newsradio 950
Kilpatrick Pleads Guilty, Will Resign | Detroit Mayor Kwame Kilpatrick pleaded guilty to felony charges Thursday and will resign from his office. Kilpatrick will serve 120 days in the Wayne County Jail and pay $1 million. | Story | Related Story | Video
Cockrel to Become Detroit Mayor | Ken Cockrel Jr., now president of the Detroit City Council, will take over in two weeks as Detroit's 61st mayor. | Story | Related Podcast
Airport Selling Naming Rights | The Metro Airport Authority hopes an entity will pay big bucks to have its brand at the top of travelers' minds. the Detroit Free Press reports. | Story
GM Boosts Small Car Production | General Motors Corp. will soon start running weekend shifts at a compact-car factory in Lordstown, Ohio, CNNMoney.com reports | Story
Hayes Lemmerz Losses Down | The Northville-based auto supplier says it nearly halved its net loss during its second fiscal quarter, Crain's Detroit Business reports. | Story
Lear Closing Plant | A union official says the auto parts maker told employees in Zanesville, Ohio, that the company will shut down its plant there next year. | Story
Dow Falls 344 Points | Stocks plunged after Nordstrom and other retailers posted disappointing August sales, while balance sheet concerns weighed on big banks. | Story
In the Market Brought to you by The Advanced Strategies Group
LOOKING INTO AN ASSOCIATION HEALTH PLAN? MAKE SURE THE DEAL IS LEGIT, MEETS YOUR NEEDS
A number of state medical associations, bar associations, chambers of commerce, and associations for people with similar interests or hobbies, offer insurance to members. But before you sign up for one of these plans, make sure it’s right for you.
To be eligible for one of these plans, you must join the association offering it. That typically involves paying a membership fee, and proving you meet entry requirements for the organization. Once you're a member you can enroll in health plans offered through the association.
Experts say the premiums can be cheaper and the benefits better than if you purchased coverage on your own because of the associations bigger market clout and negotiating power with insurers. But the cost and quality of coverage and the recourse available to consumers who feel they've been wronged can vary substantially, as insurance sold in this way tends to be more loosely regulated. More...
Money Woes Won't Let Up, Consumers Jittery
The nation struggled with slow economic growth and still-high prices that are weighing on consumers and businesses alike as the race for the White House kicked into high gear.
The Federal Reserve's new snapshot of business conditions, released Wednesday, underscored the toll the housing, credit and financial debacles are having on the economy and the challenges likely to be faced by the next president. Problems are expected to persist into next year.
Fed Chairman Ben Bernanke and his colleagues are all but certain to leave a key interest rate at 2 percent when they meet next on Sept. 16 – and probably through the rest of 2008. More...
LOOKING FOR HIGHER YIELDS? CHECK OUT CD RATES: Certificates of deposit are usually seen as safe, low-yield investments. But these days, CDs are getting a second look from consumers. Many are looking for something that offers a steady yield, while allowing them to take some cash out of the stock market. In fact, annual yields on certificates of deposit are creeping up at banks nationwide, prompting several analysts to say that CDs may now be an especially attractive alternative to cash for investors. More...
MONEY DESIGN SHOULD ACCOMODATE THE BLIND, JUDGE SAYS: When the next generations of $5, $10, $20 and $50 bills roll off the presses, there should be some way for blind people to tell them apart, a federal judge said Thursday. U.S. District Judge James Robertson said he would not allow the Treasury Department to go at its own pace as it complies with a May ruling that U.S. paper money discriminates against the blind.More...
SERVICES GROW ON INCREASING ORDERS, LESS INFLATION: The U.S. service sector grew unexpectedly in August for the first time in three months as new orders improved and inflation moderated, a private trade group said Thursday. The Institute for Supply Management, a trade group of purchasing executives, said the services sector index rose to 50.6 in August from 49.2 in July. It beat economists' prediction of a reading of 50.0, according to the consensus estimate of Wall Street economists surveyed by Thomson Financial/IFR. A reading below 50 signals contraction, while a reading above 50 indicates growth. More...
AVOIDING OVERDRAFT TRAPS: It used to be that if you didn't have enough money in your checking account, your ATM withdrawal or debit card would simply be denied. But these days, banks are letting the charges go through so they can then hit you with overdraft fees. And at quite a profit. Financial institutions collected more than 17.5 billion dollars in overdraft fees last year, second only to mortgages in profits. Despite new policies, even the most diligent account holders are at risk. On CBSNews.com, Kelli Grant, senior consumer reporter at Smart Money.com, offers some tips on what to watch out for. Click here.
WORLDWIDE AUTOMOTIVE REPORT PODCAST: General Motors Corp. prepares for its 100th birthday. WWJ Newsradio 950 is preparing a special series to mark the big anniversary,
YOUR WEEKEND
ARTS & APPLES FESTIVAL: The 43rd Arts & Apples Festival opens in Rochester this weekend. Presented by Paint Creek Center for the Arts, the festival hosts one of the nation's top juried art shows. You'll also find Michigan foods as well as lots of live entertainment and free children's art activities. It takes place Friday through Sunday at Rochester Municipal Park. More...
OLD CAR FESTIVAL: Take in the spectacle as the streets and grounds are filled with sights, sounds, and smells of hundreds of authentic vehicles from the 1890s through 1932. Tour the exposition and talk to proud owners and experts about the wheeled treasures. Saturday and Sunday at Greenfield Village. More...
HOUSE MUSIC FOR A CAUSE: Detroit's own Derrick May will headline the benefit joined by Norm Talley and Anthony "Shake" Shakir. Proceeds will be used to purchase school supplies for Bennett and Sherrill schools in Detroit. Saturday at Johanson Charles Gallery. More...
MORE IDEAS AT GREATSTUFF For even more things to do, visit GreatStufftodo.com, southeast Michigan's online resource for creating a better weekend and making the most of your spare time. The GreatStuff Web site and weekly e-newsletter are produced through a partnership between ArtServe Michigan, the Detroit Free Press and WWJ Newsradio 950.
MCCAIN TAKES UP OIL DRILLING, GREEN ENERGY: Republican presidential candidate John McCain says we need to drill new wells now, while supporting innovative transportation technologies and "the use of wind, tide, solar and natural gas." The Arizona senator received one of his loudest rounds of applause when he lashed out at his Democratic rival, Barack Obama, and characterized the dispute over oil drilling as a matter of international relations and security as well as economics. More...
BBC TO LAUNCH MUSIC DOWNLOAD STORE: BBC Worldwide is developing a music download service, offering streamed-for-free and paid download works from its archive of music that bands have recorded for TV and radio in BBC studios. The Beeb's radio and television music shows frequently feature live sessions recorded at BBC headquarters, often of current singles, acoustic versions of popular tracks, or cover versions of other artists' songs. Radio 1's Live Lounge is a popular destination for pop artists. The BBC also has exclusive rights to broadcast performances at Glastonbury Festivals. More...
SMALL BOOK PUBLISHERS OFFERED NEW TECHNOLOGY: Hundreds of small, independent publishers will have easier access to digital book technology under a new service offered by Perseus Books Group, the result of agreements between it and more than a half dozen technology companies. The new service, called Constellation, will allow independent publishers to make use of electronic readers, digital book search, print-on-demand and other digital formats at rates negotiated for them by Perseus.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: «Reserved.Unsubscribe»
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.
A number of state medical associations, bar associations, chambers of commerce, and associations for people with similar interests or hobbies, offer insurance to members. But before you sign up for one of these plans, make sure it’s right for you.
The nation struggled with slow economic growth and still-high prices that are weighing on consumers and businesses alike as the race for the White House kicked into high gear.
LOOKING FOR HIGHER YIELDS? CHECK OUT CD RATES: Certificates of deposit are usually seen as safe, low-yield investments. But these days, CDs are getting a second look from consumers. Many are looking for something that offers a steady yield, while allowing them to take some cash out of the stock market. In fact, annual yields on certificates of deposit are creeping up at banks nationwide, prompting several analysts to say that CDs may now be an especially attractive alternative to cash for investors. 
ARTS & APPLES FESTIVAL: The 43rd Arts & Apples Festival opens in Rochester this weekend. Presented by Paint Creek Center for the Arts, the festival hosts one of the nation's top juried art shows. You'll also find Michigan foods as well as lots of live entertainment and free children's art activities. It takes place Friday through Sunday at Rochester Municipal Park. 
