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...school as Ward was now telling him that he'd ask around to see who was hiring. Ward got a similar message from a recruiter in Texas; he didn't hire for technology jobs but would pass along Ward's résumé to the folks at his firm...

Author: /time Magazine | Title: Using Twitter and Facebook to Find a Job | 6/8/2009 | See Source »

...Then there is Fifth Third Bancorp. The Cincinnati-based financial firm is one of a number of banks that have had to spend the past month pulling off some fancy financial gymnastics to meet their capital requirements. The stress test found that Fifth Third was $1.1 billion short of the common equity it needed to be considered well funded. Earlier this week, the bank announced that it had raised $1 billion by selling new stock. But that left the bank $100 million short of its goal. So the bank couldn't stop there. Instead, it offered $365 million...

Author: /time Magazine | Title: Banks Hand in Their Stress-Test Plans Today | 6/8/2009 | See Source »

...recent note to clients, analyst David Hendler of research firm CreditSights wrote, "Net-net, we believe that the announced actions are considerably dilutive to the company's shareholders, yet they could put to rest the dire perception that many investors had about Fifth Third, at least...

Author: /time Magazine | Title: Banks Hand in Their Stress-Test Plans Today | 6/8/2009 | See Source »

...Stephen Roach is chairman of Morgan Stanley Asia and was the firm's chief economist...

Author: /time Magazine | Title: Kidding Ourselves About an Asian Recovery | 6/8/2009 | See Source »

...only evidence of the shift is in consultant surveys like Ferreira's. In Beijing, though, the downturn has brought its own attitude adjustment. "The Chinese response is 'We are too coupled to the American economy,'" says Ian Bremmer, president of the Eurasia Group, a political-risk consulting firm. That has led to more domestic spending by the government and attempts to boost Chinese consumers' spending. True, neither is necessarily bad news for foreign firms. It has, however, also meant an increasing reluctance to let U.S. companies call the shots in China. The most visible evidence of this was the denial...

Author: /time Magazine | Title: The End of the Big Business-China Love Affair | 6/8/2009 | See Source »

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