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Thursday, October 29, 2009 12:00 AM PDT

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Today's Business News: Economy expected to grow in 3Q, heralding recovery Asian stocks slide on gloomy US news Oil extends week-long losses, slides to near $77 Amazon hopes to simplify Web shopping — with words AP IMPACT: Stimulus jobs overstated by thousands FTSE 100 falls sharply Fewer holiday gifts but more cheer in US, poll Global Crossing 3Q loss widens Merkel sworn in as German chancellor Half of workers changing jobs cash out 401k Wal-Mart starts selling caskets, urns online Senators agree to extend homebuyer tax credit Chesapeake won't drill in NYC watershed Silver State Helicopters student debt case settled Senators eye extending home credit to end of April A New Executive-Search Business Model Willingness to Take Initiative Economy expected to grow in 3Q, heralding recovery Wed, 28 Oct 2009 09:10 pm PDT AP - The economy appears back on its feet after being knocked over by the worst recession since the 1930s. Full Story Top Asian stocks slide on gloomy US news Wed, 28 Oct 2009 10:53 pm PDT AP - Asian stock markets fell for a third day Thursday after a Wall Street sell-off on signs of weakness in the U.S. housing market triggered fears about the health of the global recovery. Full Story Top Oil extends week-long losses, slides to near $77 Wed, 28 Oct 2009 09:08 pm PDT AP - Oil prices slid to near $77 a barrel Thursday in Asia as an unexpected jump in U.S. gasoline supplies cast doubt on the strength of a recovery in crude demand. Full Story Top Amazon hopes to simplify Web shopping — with words Wed, 28 Oct 2009 09:04 pm PDT AP - You're probably used to typing your name, address and credit card number when you buy things online. Amazon.com is guessing you don't enjoy it, though, and wants to simplify the process by letting you purchase items with a short phrase such as "Shopping Fanatic" and an identification number. Full Story Top AP IMPACT: Stimulus jobs overstated by thousands Wed, 28 Oct 2009 11:00 pm PDT AP - A Colorado company said it created 4,231 jobs with the help of President Barack Obama's economic recovery plan. The real number: fewer than 1,000. Full Story Top FTSE 100 falls sharply Wed, 28 Oct 2009 10:14 am PDT AFP - The leading stock exchange fell sharply on Wednesday after a day of tense trading as investors awaited key US economic data due on Thursday. Full Story Top Fewer holiday gifts but more cheer in US, poll Wed, 28 Oct 2009 01:33 pm PDT AFP - More than half of Americans in a survey out Wednesday say they plan to spend more during the end-of-year holidays this year compared to 2008 as concerns about the economy subside. Full Story Top Global Crossing 3Q loss widens Wed, 28 Oct 2009 08:57 pm PDT AP - Bermuda-based telecommunications company Global Crossing Ltd. said Wednesday that its third-quarter loss widened as revenue slipped 4 percent. Full Story Top Merkel sworn in as German chancellor Wed, 28 Oct 2009 10:51 am PDT AP - Angela Merkel was sworn in Wednesday for a second term as German chancellor and her new center-right government took up the task of tackling the country's tough economic situation a month after national elections. Full Story Top Half of workers changing jobs cash out 401k Wed, 28 Oct 2009 03:16 pm PDT AP - Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers. Full Story Top Wal-Mart starts selling caskets, urns online Wed, 28 Oct 2009 01:03 pm PDT AP - The world's largest retailer wants to keep its customers even after they die. Full Story Top Senators agree to extend homebuyer tax credit Wed, 28 Oct 2009 05:00 pm PDT AP - Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. Full Story Top Chesapeake won't drill in NYC watershed Wed, 28 Oct 2009 03:50 pm PDT AP - Chesapeake Energy, one of the nation's largest natural gas producers, said Wednesday it won't drill in the New York City watershed in upstate New York because of opposition from politicians and environmental groups. Full Story Top Silver State Helicopters student debt case settled Tue, 27 Oct 2009 02:26 pm PDT AP - Attorneys general say a student loan company has agreed to forgive almost $113 million in debts for students of a Nevada-based helicopter flight school that went bankrupt in 2008. Full Story Top Senators eye extending home credit to end of April Wed, 28 Oct 2009 04:56 pm PDT Reuters - The U.S. Senate's top Democrat and top Republican each voiced support on Wednesday for extending and expanding a soon-to-expire tax credit aimed at boosting the fragile housing market, though a vote on the measure could be delayed until next week. Full Story Top A New Executive-Search Business Model Wed, 28 Oct 2009 05:08 am PDT BusinessWeek - Most in business would agree that one key to success lies in valuing the differences and experiences that each individual on your team represents. That's what good team building and performance is all about. Few think of this as diversity, but at its core, diversity is about valuing the difference that each person brings to the organization. Full Story Top Willingness to Take Initiative Wed, 28 Oct 2009 05:08 am PDT BusinessWeek - "If you can figure out how to be comfortable with ambiguity, general management will be a great track for you," our strategic management professor told us on our last day of class last spring. My new venture creation professor similarly stressed embracing uncertainty and forging ahead with a business idea. "You need to validate the market," he explained, "but at some point the only way to learn more is to get started." He enumerated companies whose business models had completely changed within two years of launching. ... Full Story Top

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