Current Business News

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• Steve Jobs addresses his health issues
• • CNNMoney - 7h ago
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• Tyson Foods CEO Dick Bond leaves company

• CHICAGO (Reuters) - Tyson Foods Inc Chief Executive Dick Bond said on Monday that he was leaving the No. 1 U.S. meat company, effective immediately.

• • Reuters - 15h ago
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• Ex-eBay CEO Whitman eyeing run for California governor

• SAN FRANCISCO (Reuters) - Former eBay Inc Chief Executive Meg Whitman has resigned from three corporate boards for personal reasons, a turn-of-the-year move that would free her to run for governor of California.

• • Reuters - 10h ago
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• Ford ends year with big sales drop in December

• Ford Motor Co. reports that December U.S. vehicle sales were cut by a third from a year ago, bringing the total decline for 2008 to 20.7% and closing the books on one of the toughest years the domestic industry has ever seen.

• • MarketWatch - 13h ago
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• Stocks to Open Mixed in 2009's First Full Trading Week

• Investors are tiptoeing into the first full week of the year, as premarket trading is mixed ahead of readings on auto sales and construction spending.

• • TheStreet - 16h ago
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• Crystal Maker Waterford Wedgwood Collapses

• The company is the latest of a number of British icons to suffer from the global slowdown.

• • TheStreet - 16h ago
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• Oil Prices Supported Above $46 a Barrel

• The price of a barrel of oil traded above $46 Monday on evidence that OPEC production cutbacks were taking hold and news of more unrest in oil-rich Nigeria.

• • TheStreet - 16h ago
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• Wall Street Can't Shake Losses

• The major indices close Monday in shallow negative territory despite an afternoon push higher as investors took in auto sales and construction spending data.

• • TheStreet - 10h ago
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• Economic Report: U.S. construction spending falls 0.6% in November

• Outlays for construction projects in the United States fall a seasonally adjusted annual rate of 0.6% in November, undermined by a drop in outlays on home construction, government data show.

• • MarketWatch Personal Finance - 16h ago
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• Global car sales fall by double digits

• Read full story for latest details.

• • CNNMoney - 16h ago
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• LG TVs to Stream Netflix Videos Directly

• LG Electronics plans to begin selling high-definition TV sets that stream Netflix videos directly from the Internet, without an additional device.

• • TheStreet - 16h ago
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• Hands-on with Picasa for the Mac

• Picasa is a credible competitor to iPhoto--especially for those who have recently switched to the Mac.

• • CNET News - 9h ago
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• Treasury invests another $15 billion in seven banks

• The U.S. Treasury Department says it recently invested another $15 billion in seven banks as the government continues to try to reinvigorate lending and revive the economy.

• • MarketWatch - 9h ago
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• Asia Markets: Asian auto stocks rise, ignoring weak U.S. sales

• Shares of Japanese and South Korean automakers broadly advanced Tuesday, as investors shrugged off a dismal U.S. sales report for December.

• • MarketWatch - 4h ago
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• Cigna to cut 1,100 jobs, citing weak economy

• LOS ANGELES (Reuters) - Health insurer Cigna Corp said on Monday it will cut 1,100 jobs, or about 4 percent of its workforce, and consolidate certain operations as it copes with the economic downturn.

• • Reuters - 8h ago
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• Xobni Closes $7 Million B Round Led By Cisco

• Smarter-email startup Xobni has raised $7 million in a B round of financing from Cisco Systems and existing investors Khosla Ventures, First Round Capital, Baseline Ventures, and Atomico. Three of the four existing investors increased their ownership stakes in the company. But...

• • TechCrunch - 11h ago
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• Bankruptcy Filings Jump By One-Third in 2008

• The number of filings broached the one million number, but is still about half of the 2005 number, due to a change in law that year.

• • TheStreet - 9h ago
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• Laid off? Hyundai will take your car back

• Hyundai Motor America is taking aim at Americans' worries about job security: If you buy a new Hyundai and lose your job within a year, you can give it back.

• • CNNMoney - 13h ago
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• Getting Rid Of The Box: Netflix Software To Be Embedded Directly Into LG TVs

• In the march towards getting "rid of the box" as the going-forward philosophy in the evolving digital home, Netflix has extended its partnership with LG Electronics (SEO: 066570) and embedding its online video service directly into the new HDTVs from the Korean electronics...

• • paidContent - 16h ago
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• Samsung says no decision yet on chip investment plan

• SEOUL (Reuters) - Samsung Electronics, the world's largest maker of memory chips, denied a report saying it may cut its 2009 investment in semiconductors by more than half from last year amid a lingering downturn.

• • Reuters - 16h ago
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• House to Query SEC Watchdog About Madoff

• A House committee will question the SEC's internal watchdog as to why the SEC failed to detect an alleged $50 billion investment fraud by Bernard Madoff.

• • TheStreet - 16h ago
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• Truck maker Navistar provides soft 2009 forecast

• Truck maker Navistar International Corp. provided a soft 2009 forecast on Monday, citing a weak demand in North America where sales volumes are expected to remain near 30-year lows.

• • MarketWatch - 16h ago
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• 
• Bob Iger rocks Disney

• Bob Iger is inside the Royal Festival Hall in London on a September afternoon, geeking out with some young guys about two of his favorite things: tunes and technology. The CEO of Walt Disney Co. pulls out his iPhone and thumbs through his playlists, looking for a particular live...

• • CNNMoney - 16h ago
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• Apple shares rebound to near post Macworld-no-Jobs announcement level

• Apple shares rebound on announcement Steve Jobs will remain CEO, while recovering from hormone therapy treatment. Apple shares jump amid decline in broader markets.

• • CNET News - 14h ago
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• Fighting the Recession: Lessons from the Trenches

• How well-positioned entrepreneurs plan to ride out tough times.

• • Inc.com - 2h ago
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• Barack Obama, Britney Spears, Bill O'Reilly Have One Thing In Common: They Were Hacked On Twitter

• Who would have guessed that in the New Year, Twitter, the popular micro-blogging service, would be for the most part stable, but fall victim to hackers and phishing schemes? Well, it's true, and it will be interesting to see if this threatens Twitter's long-term viability as it...

• • paidContent - 8h ago
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• Latin American Markets: Brazil bounces 3% higher; Mexican shares eases

• Strength in materials and energy stocks as prices for crude oil rallied helped pull most of Latin America's equity markets higher Monday.

• • MarketWatch - 5h ago
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• Borders replaces CEO amid weak sales

• Read full story for latest details.

• • CNNMoney - 16h ago
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• Blu-ray's Fuzzy Future

• The demise of the HD DVD video disc format appeared to hand the future of home entertainment to Blu-ray, but struggles continue.

• • NYTimes - Technology - 16h ago
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• Netflix Piping Into LG

• Electronics maker to sell TV model that can stream videos from Internet.

• • Forbes - 3h ago
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• Navistar Investors See Hope Down The Road

• Engine maker's shares rally despite weak outlook for 2009.

• • Forbes - 3h ago
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• Tyson CEO Gets Sliced

• Meat producer shows Dick Bond the door.

• • Forbes - 4h ago
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• Big Year Coming For Bonds

• U.S. Treasury is set to issue a massive amount of new debt.

• • Forbes - 5h ago
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• Pricing Pains For AK Steel

• Specialty steel maker introduces surcharge due to rise in input costs.

• • Forbes - 6h ago
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• Nominate a Small Business - Win a Blackberry Bold

• AT&T is running an ad here at Small Business Trends for their small business contest.  Since it is a contest in which you could win a slick new BlackBerry Bold — and get some recognition as a business owner — I thought I would call it out for those of you who read...

• • Small Business Trends - 13h ago
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• Full Stream Ahead: RipCode Raises $12.5 Million For Video Transcoding

• RipCode, a company that offers online video streaming and transcoding services, has closed a $12.5 million funding round led by Granite Ventures with participation from existing investors Hunt Ventures, El Dorado Ventures, Vesbridge Partners, and ATA Ventures. The company, which...

• • TechCrunch - 3h ago
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• Microsoft still pushing 'Apple Tax' notion

• Ahead of Macworld, Microsoft's top Windows marketer says that computer buyers literally can't afford to go Mac. But with the economy in tatters, the real question is will people be buying any PCs other than netbooks?

• • CNET News - 11h ago
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• 2009: Products I Can't Live Without

• At the beginning of each year I traditionally publish a list of my favorite startups and products. This is the fourth year I've done this - previous lists: 2006, 2007, 2008. You guys get to pick the winners of the Crunchies - this list is all mine. This is a list of the products...

• • TechCrunch - 16h ago
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• Phorm, Apparently Deaf To Consumer Hatred Of Being Spied On, Plans Expansion

• Phorm is the highly controversial behavioral advertising firm that teams up with ISPs to spy on your surfing habits and deliver targeted ads. The practice has raised a number of legal challenges and protests from users who were "tested on," without their knowledge. While Phorm...

• • Techdirt - 2h ago
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• Inc.com Blogs: Obama, Steve Jobs, and Hiring in a Tough Economy

• Is Obama more business-friendly than Bush? The economic stimulus pla...

• • Inc.com - 2h ago
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• Obama: Act now on 'very sick' economy

• President-elect Barack Obama, citing conditions that are becoming "very dire for American families," pressed leaders of both ...

• • USA Today Money - 3h ago
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• Why Did We Put Ratings Agencies' Ratings Into The Law?

• Problems and potential conflicts coming from the bond ratings agencies were well-known well before our financial crisis hit, but still many are pointing the blame finger at those ratings agencies. And, it's certainly tempting to do so. Just as with the famed financial analysts...

• • Techdirt - 4h ago
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• Copyright Royalty Board Continues To Make Life Difficult For Webcasting

• I have significant problems with any sort of compulsory licensing scheme, which basically gives the power to a tiny group of people to establish the business models and cost structures for an entire industry. It's as if people who support compulsory licensing don't believe the...

• • Techdirt - 5h ago
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• Shapeways: first online market for 3D fabrication models

• You hear about 3D printing here and there, but for the most part it's a bit irrelevant to the average person because fabrication is messy, difficult, and prohibitively expensive. Even dedicated DIYers have to get their stuff custom made. Hopefully that will all change with...

• • TechCrunch - 6h ago
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• 7 Secrets to Getting Your Next Job Using Social Media

• Dan Schawbel is the author of Me 2.0: Build a Powerful Brand to Achieve Career Success, and owner of the award winning Personal Branding Blog. Between current economic conditions and the technological evolution of the Internet, the traditional approach most job seekers have taken...

• • Mashable - 9h ago
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• Confessions of a former real estate bull

• Q. Were you wrong to be so bullish?

• • Money Magazine - 16h ago
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• Prosecutors seek to jail Madoff

• NEW YORK/WASHINGTON (Reuters) - U.S. prosecutors asked a judge to jail accused swindler Bernard Madoff on Monday, saying he sent jewelry and other items worth more than $1 million to family and friends in violation of his bail.

• • Reuters - 6h ago
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• Consumer Banking: Despite the bad news, bank customers will find some deals in 2009

• Despite some dire financial predictions for 2009, good news is in store for savvy consumers -- if you have good credit and are proactive at looking for banks' deals and perks.

• • MarketWatch Personal Finance - 7h ago
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• Neff goes bargain hunting

• John Neff feels your pain. The legendary money manager, 77, beat the S&P 500 by an average of more than three percentage points a year during his 31-year run at Vanguard's Windsor fund. He has been investing his own money since retiring in 1995. Ever a contrarian, he has...

• • CNNMoney - 16h ago
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• Oil steady above $48 on MidEast, Russian tensions

• SINGAPORE (Reuters) - Oil was steady above $48 on Tuesday after rising 5 percent overnight, as Israel's deepening incursion into Gaza and a spat between Russia and Ukraine over gas prices stoked fears of severe supply disruptions.

• • Reuters - 4h ago
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