As the economy continues to look grim, the word "bankruptcy" is on the tips of more and more tongues. While being unable to pay one's creditors is never a good situation for a company or an individual, it may not be the financial kiss of death that you might think. (Just ask Donald Trump, whose casinos have gone bankrupt twice.)
Dear Annie: I just got a new job as district manager for a highly skilled, talented, and motivated team of technical salespeople. The guy who had this job before me was moved to another part of the company. Yesterday, an executive two levels above me told me in confidence that the reason "he didn't work out" in the job was that he had an autocratic, bossy, my-way-or-the-highway management style and "what we need to run this team is really more of a coach." I want to succeed at this and I think I can, but I don't really know anything about coaching. Do you have any advice? -Win One for the Gipper
Stocks solidified modest gains Wednesday morning, after fluctuating early on, as a better-than-expected report on productivity helped investors shake some recession fears and encouraging corporate earnings fueled some bargain hunting.
Stocks staged a late-session rally Tuesday, gaining for the second day in a row as investors welcomed a surprisingly strong read on durable goods orders and some upbeat earnings on the first day of the Federal Reserve policy meeting.
The Nasdaq slipped and the broader market struggled Thursday after comments by the CEO of troubled lender Countrywide Financial revived investor worries about the ongoing turmoil in the credit and mortgage markets.
The Nasdaq slipped and the broader market struggled Thursday afternoon after comments by the CEO of troubled lender Countrywide Financial revived investor worries about the ongoing turmoil in the credit and mortgage markets.
A U.S.-based workers' rights group said it found "brutal conditions" and labor violations at eight Chinese plants that make toys for big multinationals, and called on the companies to take steps for better standards.