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When I started my Now What, Cat? website, I blogged about almost everything under the sun until I noticed that readers would like me to stick to my original theme, that is humor and about life. The other side of me as a Certified Public Accountant and business consultant desire to write about business and accountancy So I came up with this blog, Business Recipes for Success.

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9.16.2007

General Motors Management and Labor Union negotiations

The negotiation table between the management of General Motors and the United Auto Workers union is open as the previous contracts expired last Friday.

The members of the union were informed that there may be a possibility of strike if the negotiations do not progress.

Excerpt of the news:

General Motors and the United Auto Workers union yesterday continued negotiations for a new labor contract that will shape the future of the union and the auto industry.

The talks were extended hour by hour after the previous contracts expired at midnight Friday. Analysts say that probably means the negotiations are progressing but that the UAW is keeping its options open.

Dave Green, left, president of United Auto Worker Local 1714, tells some of union members what he knows about the possibility of a strike, at the local hall in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations between the United Auto Workers and General Motors Corp. continued past a midnight deadline on an hour-by-hour basis, a local union leader said early Saturday as GM workers nationwide prepared for a possible strike.
Dave Green, left, president of United Auto Worker Local 1714, tells some of union members what he knows about the possibility of a strike, at the local hall in Lordstown, Ohio, early Saturday, Sept. 15, 2007. Negotiations between the United Auto Workers and General Motors Corp. continued past a midnight deadline on an hour-by-hour basis, a local union leader said early Saturday as GM workers nationwide prepared for a possible strike.

Read the entire news here.

business,financial statements ,balance sheet ,statement,assets,shareholders+equity,liaibilities common stock,General Motors

Labels: Business News, Labor Relations

9.15.2007

When Housewives Lost in Currency Market

Several elite families in the hilippines lost millions of dollars in the currency trading managed by one Singaporean-based company. The CEO just disappeared and the officials left behind are being sued by the people who claimed they were victimized by the corporation.

In Japan, women too lost a lot in the credit crisis that shook the world of the currency speculators.

Here is the excerpt of the news:

TOKYO, Sept. 15 — Since the credit crisis started shaking the world financial markets this summer, many professional traders have taken big losses. Another, less likely group of investors has, too: middle-class Japanese homemakers who moonlight as amateur currency speculators.

Ms. Itoh is one of them. Ms. Itoh, a homemaker in the central city of Nagoya, did not want her full name used because her husband still does not know. After cleaning the dinner dishes, she would spend her evenings buying and selling British pounds and Australian dollars.

When the turmoil struck the currency markets last month, Ms. Itoh spent a sleepless week as market losses wiped out her holdings. She lost nearly all her family’s $100,000 in savings.

“I wanted to add to our savings, but instead I got in over my head,” Ms. Itoh, 36, said.

Tens of thousands of married Japanese women ventured into online currency trading in the last year and a half, playing the markets between household chores or after tucking the children into bed. While the overwhelmingly male world of traders and investors here mocked them as kimono-clad “Mrs. Watanabes,” these women collectively emerged as a powerful force, using Japan’s vast wealth to sway prices and confound economists.

Many bought and sold stakes worth into the millions of dollars through margin trading, a potentially lucrative but risky form of trading that uses borrowed money.

Until the credit crisis, which began with troubles in the American mortgage market, the value of foreign currencies traded online by private Japanese citizens, including women, averaged $9.1 billion a day — almost a fifth of all foreign exchange trading worldwide during trading hours in Tokyo, said Kazuhiro Shirakura, an analyst at the Yano Research Institute in Tokyo.

Read the entire news here:

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Labels: Currency Trading

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9.16.2007

General Motors Management and Labor Union negotiations

9.15.2007

When Housewives Lost in Currency Market