The Latest Business Headlines from WWJ Newsradio 950
Families Vulnerable To Economy | An advocacy group says the state's safety net isn't strong enough to support struggling families hurt by the recession. | Story
Hospitals Eye Stimulus Dollars |Michigan's hospitals say they're being squeezed by the recession and could use some help from the government. | Story
Pay Cuts For Ford Execs |They come in addition to hourly workers getting yet another round of buyout and early retirement offers. | Story
Bing, Cockrel To Go 1-on-1 | Businessman and Ex-NBA star Dave Bing scored big on his initial foray into politics Tuesday as he led a field of 15 candidates. | Story
Delphi Can Stop Benefits |A judge has ruled the auto supplier can stop paying for health care and insurance benefits for retired salaried workers. | Story
Council Rejects Cobo Plan | The future of the North American International Auto Show is uncertain after the Detroit City Council vote. | Story
Bernanke Comments Spark Rally | The Fed Chairman boosted investor sentiment with his prediction of an economic recovery by the end of the year. | Story
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"WE WILL RECOVER":Proclaiming to a joint session of Congress and an recession-scarred American people that the “day of reckoning has arrived,” President Obama said Tuesday night that the country must now act “boldly and wisely” to take charge of its future. In a speech that included dire economic rhetoric but also assurances that America will get back on its feet, the president vowed that the country will be stronger once the current crisis ends. “The impact of this recession is real, and it is everywhere,” Mr. Obama said. More...
WWJ ENERGY SAVINGS SEMINAR:WWJ Newsradio 950 and WVMV Smooth Jazz V98.7 are hosting another Energy Savings Seminar on Saturday, March 14. The event is a free seminar featuring Larry Kaufman from DTE Energy and other experts providing tips, suggestions and general "how-to" information on reducing energy costs. Kaufman will help show how to reduce energy bills up to 50 percent without giving up comfort. Advanced registration is required. More...
MICHIGAN'S FUTURE DEPENDS ON TECHNOLOGY:If Diego Rivera was drawing frescoes for the Detroit Institute of Arts today, he'd probably be drawing robots, not men. That's the picture of a blended manufacturing and knowledge economy painted Tuesday by Wayne State University's still relatively new president, Jay Noren, at the Detroit Economic Club. "While manufacturing will always be important it must continue to transform in the era of the knowledge economy that is very much upon us."More...
AUTOMAKERS IN JAPAN SEE LOWER OUPUT:Japan's top automakers report a sharp plunge in production for January, the latest evidence of how severely the country's mainstay auto industry is being hit by the global slowdown. Toyota Motor Corp., the world's biggest automaker, said its worldwide production slid 39.1 percent from a year earlier to 487,984 vehicles in January. Toyota's production in Japan was down 34.6 percent, while overseas production dived 44.2 percent, the maker of the Prius hybrid and Lexus luxury models said in a statement. More...
EPA RECONSIDERS BALLAST ISSUE:The Obama administration will reconsider a federal permit for oceangoing ships that critics say fails to prevent invasive species from entering the Great Lakes, the new chief of the Environmental Protection Agency said Tuesday. Lisa Jackson also told officials and activists from the region the administration would honor President Barack Obama's campaign pledge to pump more federal money into Great Lakes restoration, despite the staggering budget deficit. More...
WORLDWIDE AUTOMOTIVE REPORT PODCAST: President Obama vows to help the auto industry, but says the industry must change. UAW President says concessions are vital to the future of Ford. Detroit's City Council shoots down Cobo deal.
Phishing Attacks On Your Cellphone?: When we think of phishing attacks, in which scammers try to lure sensitive information out of Internet users, we think of fake official-looking e-mails and Web sites. But you don't even need to be online to get phished. A phishing attack making the rounds tries to dupe cell phone users into revealing their personal data over the phone. It uses SMS messages, making it a "SMiShing" attempt. More...
Prosthetic Tail May Help Amputees Swim: Good: double amputee gets prosthetic legs so she can walk. Better: double amputee gets realistic-looking mermaid tail so she can swim. Awesome: it's developed and built by Weta, the special-effects company that did all the work for the "Lord of the Rings" movies, as well as "King Kong" and "The Chronicles of Narnia" series. Nadya Vessey's legs were amputated below the knee when she was a child due to illness. More...
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