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February 27, 2008
The
Latest Business Headlines from WWJ Newsradio 950
Michigan
Foreclosures Down | Filings for the month of
January declined 7.03 percent compared to the same period
a year ago, to 10,746, The Detroit News reports.
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Story
Chrysler,
Plastech Reach Temporary Deal | The automaker
will continue to get parts from supplier Plastech Engineered
Products until March 3, extending a previous deal. |
Story
Delta-Northwest
Deal in Jeopardy | Northwest's pilots want
to arbitrate seniority. Delta pilots say arbitration
won't protect them from career disruptions, according
to TheStreet.com. | Story
Granholm:
Energy Bills Mean Jobs | Michigan's governor
wants lawmakers to pass measures requiring 10 percent
of electricity be from renewable resources by the end
of 2015. | Story
Council
Wants Details | Detroit City Council requested
a detailed accounting of the city's whistle-blower lawsuit
settlement. | Story
Stocks
Up, Dollar Down | The Dow rose 114 points to
12,684 despite crude's rally past $100. The dollar hit
a record low against the euro, which passed $1.50 in
late trading. | Story
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Stories
marked with
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NAVIGATING THROUGH
CHANGE: HONESTY, OPEN COMMUNICATION
ESSENTIAL
With the economic downturn in full swing, many companies
are beginning the belt-tightening process. At such times,
effectively communicating, listening, and setting a
good example are more important than ever.
First, know what to expect. Keeping employees focused
when they fear a job loss can be a challenge. And it
may get more difficult if you are expected to deliver
the same amount of work with a smaller budget, fewer
people, and more responsibilities.
Managers in changing organizations also face a range
of employee reactions – euphoria, panic, and everything
in between. And as a backdrop, supervisors often face
the possibility of losing their own jobs.
Even if a manager understands and is on board with certain
business decisions, that knowledge often doesn't make
the changes that follow any easier, says Lisa Mininni,
president of Excellerate
Associates, a Canton-based
organizational consulting and business coaching company.
But the good news is that managers can help employees
by modeling positive behavior and attitudes toward change.
More...
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E-Files: Know When to Hold Them
– and When to Delete Them
Back in the good old days, lawyers produced
paper to use as evidence in litigation. This process
is called discovery. Most companies and institutions
kept their papers in relative good order, making the
discovery process simple and straightforward.
These days, though, corporate and institutional records
are handled in a fast-moving variety of electronic records,
from e-mail to Voice Over Internet Protocol voice mails
to Word documents to spreadsheets to some forms of text
messaging. Some of these records evaporate from computer
systems quickly. Others persist for years – or
decades. And it can all be hauled into court. More...
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FED
CHIEF TO TALK TO CONGRESS: Federal Reserve
Chairman Ben Bernanke is giving Congress a fresh assessment
of the country's economic health, which has been pummeled
by a housing bust, a credit crunch and soaring energy
prices. Back-to-back appearances on Capitol Hill were
scheduled to begin Wednesday for Bernanke, who is facing
his biggest challenges yet in his two years at the Fed's
helm. More...
INFLATION
SPIKES: Inflation at the wholesale level soared
in January, pushed higher by rising costs for food,
energy and medicine. The Labor Department said Tuesday
that wholesale prices rose 1 percent last month, more
than double the 0.4 percent increase that economists
had been expecting. More...
JOBLESS CLAIMS
FELL LAST WEEK; IMPROVEMENT TEMPORARY: U.S.
Department of Labor officials said there were fewer
workers who filed for unemployment benefits last week,
but analysts believe the decline is only temporary.
Federal officials reported that the number of jobless
claims fell by 9,000 last week, bringing the total to
349,000. More...
BILL WOULD GIVE
BENEFITS TO UNDOCUMENTED WORKERS: The Michigan
State Legislature now is considering a bill that would
extend wage replacement benefits to all employed, injured
– and even undocumented – workers. The current
Worker's Disability Compensation Act does not exclude
undocumented workers, but the Michigan Supreme Court
has ruled that injured, undocumented workers can receive
medical benefits, but not lost wages. More...
HIRING ILLEGAL
IMMIGRANTS GETTING MORE EXPENSIVE: For the
first time in more than a decade, the federal government
is raising fines for employers who knowingly hire illegal
immigrants, according to The Washington Post.
More...
EXECS SURVEY:
SECOND DAY OF WEEK MOST PRODUCTIVE: Here's
an argument for three-day weekends: Employees get more
done on Tuesdays. Fifty-seven percent of executives
said Tuesday is the most productive day of the week
for workers, according to a recent Accountemps survey
of 150 senior executives from human resources, finance,
and marketing departments. Only 12 percent of those
polled said Monday was tops in the work productivity
department. More...
HOW HR CAN HOOK GREAT CANDIDATES:
Some experts say old-fashioned resumes and job listings
soon may be replaced with newer tools like blogs, videos,
and LinkedIn profiles. So how does HR revamp the traditional
job-listing approach to attract qualified candidates?
More...
EMPLOYERS DRIVING HEALTHIER EMPLOYEE BEHAVIOR:
A recent Watson Wyatt study shows that companies
increasingly are using benefits enrollment systems as
a way to encourage healthier employee habits. In a December
2007 survey of 117 U.S. companies, the global consulting
firm found that 53 percent now include health risk assessments
as part of their enrollment systems or plan to incorporate
them by 2009. More...
WORLDWIDE
AUTOMOTIVE REPORT PODCAST: It looks like the
American Axle Strike could drag on for a while. February
car sales looking weak. Ford updates its full-size van.

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Editorial
Staff:
The Daily Dash - Wednesday edition is written
and edited by James Melton, Jenny Cromie, Ed Coury,
and Matt Roush |
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