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Sunday, July 5, 2009 12:01 AM PDT

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Today's Business News: Iconic skyscrapers find new luster by going green Downturn dating: Hearts flutter as markets stutter Recession adds to challenges for suburban arts ALL BUSINESS: Cash is king for investors GM Europe: Talks on selling Opel near completion Bleak payrolls report mauls Wall St; volume thin Tax revenue drop fuels states' financial crisis DemandTec posts wider 1Q loss Vatican runs deficit amid economic crisis Fannie, Freddie ease terms for mortgage refinance Web retailers, states tussle over tax rules The Bleak U.S. Jobs Picture CA-CANADA Summary AIG to sell consumer finance unit in Colombia U.S. home prices seen down over 40 percent: Barclays Business Courses for Go-Getters Portfolio Planning: A Case Study Iconic skyscrapers find new luster by going green Sat, 4 Jul 2009 09:55 pm PDT AP - When owners of the Empire State Building decided to blanket its towering facade this year with thousands of insulating windows, they were only partly interested in saving energy. They also needed tenants. Full Story Top Downturn dating: Hearts flutter as markets stutter Sat, 4 Jul 2009 10:30 pm PDT AP - Credit the recession for staycations and bringing us more game-night parties at home. But also give it a shout for spurring more first dates. Full Story Top Recession adds to challenges for suburban arts Sat, 4 Jul 2009 10:05 pm PDT AP - When he hired Itzhak Perlman as artistic director of the Westchester Philharmonic in 2007, Joshua Worby thought he'd hit a grand slam. Full Story Top ALL BUSINESS: Cash is king for investors Sat, 4 Jul 2009 09:01 am PDT AP - That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy. Full Story Top GM Europe: Talks on selling Opel near completion Sat, 4 Jul 2009 07:01 am PDT AP - Negotiations for the sale of General Motors Corp.'s unit Adam Opel GmbH to Canadian autoparts maker Magna are progressing well and should soon be complete, the head of GM Europe said in remarks released Saturday. Full Story Top Bleak payrolls report mauls Wall St; volume thin Thu, 2 Jul 2009 02:47 pm PDT Reuters - Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects. Full Story Top Tax revenue drop fuels states' financial crisis Fri, 3 Jul 2009 12:11 am PDT AP - An across-the-board drop in tax collections, coupled with a prolonged recession, has states facing their worst fiscal crisis in decades. Full Story Top DemandTec posts wider 1Q loss Wed, 1 Jul 2009 03:16 pm PDT AP - Price-management software company DemandTec Inc. posted a wider net loss Wednesday for its fiscal first quarter, hurt by charges and higher costs even as revenue inched higher. Full Story Top Vatican runs deficit amid economic crisis Sat, 4 Jul 2009 09:32 am PDT AP - The Vatican said Saturday it ran a deficit in 2008 as its finances and donations from across the world were hit by the global economic crisis. Full Story Top Fannie, Freddie ease terms for mortgage refinance Wed, 1 Jul 2009 02:57 pm PDT Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages. Full Story Top Web retailers, states tussle over tax rules Thu, 2 Jul 2009 06:07 pm PDT AP - In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence. Full Story Top The Bleak U.S. Jobs Picture Fri, 3 Jul 2009 05:08 am PDT BusinessWeek Online - U.S. job losses in June rose to 467,000 as the national unemployment rate rose to 9.5%. This follows a decade where job creation in the private sector hovered in the 1% range. In our feature segment, Chief Economist Michael Mandel explains why job growth has stalled, its importance, and what can be done to reverse this trend. Plus, the latest on the troubled housing market and Wal-Mart's (wmt.) unusual alliance with a labor union. Full Story Top CA-CANADA Summary Sat, 4 Jul 2009 05:58 pm PDT Reuters - Canadian police probe sixth gas pipeline bombing Full Story Top AIG to sell consumer finance unit in Colombia Wed, 1 Jul 2009 02:10 pm PDT AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances. Full Story Top U.S. home prices seen down over 40 percent: Barclays Thu, 2 Jul 2009 12:56 pm PDT Reuters - U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said. Full Story Top Business Courses for Go-Getters Fri, 3 Jul 2009 05:08 am PDT BusinessWeek Online - In today's competitive job market, graduates fresh out of college are looking to stand out. The earlier they start to give themselves an edge, the better off they will be, which is why more undergraduate business courses are starting to address softer skills -- from improving communication to learning how to effectively use your creativity. Unique, hands-on courses that are part self-reflection, part theory, and part applied learning are best because they engage students and leave a lasting impression, say educators. Full Story Top Portfolio Planning: A Case Study Fri, 3 Jul 2009 05:08 am PDT BusinessWeek Online - The market meltdown unmoored many a financial plan. With the portfolios of countless baby boomers a shadow of what they once were, BusinessWeek asked five top investment advisers to draft a plan that would enable a hypothetical couple to meet all of their financial obligations. Full Story Top

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