Published Wednesday, October 8, 2008
Expect crunch to visit Main Street
By JORDAN RAUBOLT
of the Tribune’s staff
The president of a Chicago-based manufacturing company said it’s only a matter of time before the global credit crunch trickles down to midsize companies such as his.
YOUR OFFICE COACH
Spending spree hurts morale
By MARIE G. MCINTYRE
McClatchy Newspapers
Q: Employees in our small company have been told that we will get no raises because sales have dropped off. However, the three owners keep spending money like there’s no tomorrow.
State to get payout in drug settlement
JEFFFERSON CITY (AP) - Missouri is in line for more than $1.5 million as part of a $62 million settlement with drug maker Eli Lilly & Co.
A-B, Teamsters agree tentatively on contract
ST. LOUIS (AP) - Anheuser-Busch Inc. said yesterday it has reached a tentative agreement with the Teamsters on a contract covering more than 5,000 employees at its 12 breweries.
Room to improve
McClatchy Newspapers
MIAMI - Replacing that old sofa just isn’t a top priority these days.
Hospitals move to help nurses cope with stress
Chicago Tribune
CHICAGO - Nobody ever told her being a surgical nurse would be easy. But even now, in her 15th year, there are days when Judy Berglund’s emotions are so spent and her body so taxed that she can barely dress herself in the locker room after her shift.
Most U.S. workers use Internet while on the job
The Dallas Morning News
DALLAS - More than 70 percent of working Americans now use the Internet on the job - and it has utterly changed how most of them operate.
World banks move to loosen credit
WASHINGTON (AP) - In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates today to prevent a mushrooming financial crisis from becoming a global economic meltdown.
Stocks extend slide as Wall Street worries
NEW YORK (AP) - The misery worsened on Wall Street yesterday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector.
British government steps in to save banks
LONDON (AP) - British banking stocks soared today after the government announced an $88 billion plan to partly nationalize major banks and promised to guarantee a further $438 billion of bank loans to shore up the sector amid the world financial crisis.
More homeowners ‘under water’ on debt
The Wall Street Journal
The relentless slide in home prices has left nearly one in six U.S. homeowners owing more on a mortgage than the home is worth.
