Archive for August 1, 2008

GM’s huge loss will keep the Fed in check

GM losesĀ $15.5 billionĀ in the second quarter equal to two Corvettes a minute. Coupled with the industry's terrible July sales mean the Fed won't raise rates on Tuesday. Oil prices move higher. Northwest Air to add $80 to tickets; US Airways will charge for water.

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Transactions

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Portfolio

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Strategy

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Biography

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The art of glass

Recycled treasures from independent artisans.

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Survey: Most new jobs come from small biz

Small businesses drove much of the employment growth in July, according to a report released Wednesday by payroll manager Automatic Data Processing. Firms with fewer than 50 workers added 50,000 new non-farm jobs to the private sector this month, which offset the 41,000 jobs dropped at medium and large companies.

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Businesses for Sale