Aug 3 Biz Minute

With consumers lured by the government's cash-for-clunkers campaign, Ford Motor Co. reported its first U.S. sales increase in nearly two years.
About 6,000 GM workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely.
and while Online job advertisements remained steady from June to July, a national report shows over 560,000 fewer advertised vacancies compared with the same period a year earlier
Stocks rose today after data showed the manufacturing sector edged closer to growth in July.
Google CEO Eric Schmidt is resigning from Apple's board of directors as the Internet search leader increasingly develops products that compete with Apple's core businesses - meanwhile AIG has chosen former MetLife chief Robert Benmosche as its new CEO and Former Citigroup Chief Financial Officer Sallie Krawcheck is joining Bank of America to run the company's global wealth and investment management operation.
Speaking of Bank of America, today they agreed to pay $33 million to settle charges that it made false and misleading statements to investors about bonuses at Merrill Lynch.

Category:

News & Politics

Tags:

• Cash for Clunkers
• Ford
• GM
• General Motors
• Online
• jobs
• advertisements
• Stocks
• Google
• Eric Schmidt
• Apple
• board of directors
• Internet
• AIG
• MetLife
• Robert Benmosche
• Citigroup
• Chief Financil Officer
• Salie Krawcheck
• Bank of America
• Merrill Lynch