PODCAST: Newsweek leaves the newsstand and barley gets decoded
Thursday, October 18, 2012 - 10:11 Sean Gallup/Getty Images A new study from an international consortium of scientists says they have decoded the surprisingly complex genome of barley. December 31 will be the last paper issue of Newsweek magazine . Next year would have been Newsweek's 80th anniversary -- technically, it still will be, though by then it will be an online-only entity. At that point, its content will become even more closely entwined with the news and opinion web site The Daily Beast. Tina Brown merged the two in 2010, and became the top editor of both. This morning Brown indicated the end of the print edition at Newsweek will mean considerable job losses. Michael Isikoff , who reported for Newsweek from 1994 until 2010 and broke a number of the era's biggest cover stories, shares his thoughts on the end of Newsweek in print and what the magazine meant to staffers and readers over the years. Seasonally adjusted claims for unemployment insurance rose by 46,000 last week or about ...
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Bank of America announces 16,000 layoffs
Thursday, September 20, 2012 - 07:20 Justin Sullivan/Getty Images People walk by a Bank of America branch office on July 18, 2012 in San Anselmo, Calif. Bank of America is accelerating plans to cut costs by laying off workers. According to the Wall Street Journal , the bank has set a target of cutting 16,000 jobs by the end of this year -- about 6 percent of the bank's workforce. The company has actually been working on this transformation since the financial crisis, says Dan Fitzpatrick, who wrote the piece for the Journal. "It just takes a long time to turn around a ship as big as BofA," he says. Before the crisis, the Bank went on an acquisition binge, and it has taken time to figure out what fat to trim. BofA may have had little choice, according to Chris Low, chief economist at FTN Financial. In traditional banking, he says, "you make money by taking in deposits and making loans. It's the difference between those two where banks earnings live." But as the Federal Reserve continues to ...
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Why an All-Female School May Be Best Training Ground
Cathy E. Minehan, former chief of the Federal Reserve Bank of Boston, spoke with The Wall Street Journal about the merits of an all-women business education, and brand-management lessons learned at the Fed.
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