Job Drought in U.S. May Be Near End as Temporary Help, Working Hours Surge — The worst U.S. employment slump in the post-World War II era may be about to end as companies hasten to hire temporary workers and boost hours, according to economists such as John Ryding and Zach Pandl. [Bloomberg]
G.E. Makes It Official: NBC Will Go to Comcast — After nearly nine months of negotiations, Comcast, the nation’s largest cable operator, announced an agreement on Thursday to acquire NBC Universal from the General Electric Company. [NY Times]
Geithner Sees `Progress’ in Job Market, Unemployment Below 10% in a Year — Treasury Secretary Timothy Geithner predicted the U.S. unemployment rate probably will be lower than 10 percent in a year and said the economic recovery is moving closer to a period of job creation instead of losses. [Bloomberg]
World’s tallest building, Burj Dubai Tower, opens as a golden era closes — Dubai Tower opens next month. But will this crowning jewel also be the city’s high watermark? [CS Monitor]
Dubai Loses `Sovereign Halo’ as $3.5 Billion Nakheel Debt Deadline Looms — Sheikh Mohammed bin Rashid Al Maktoum wanted to turn Dubai into a global hub for finance and tourism, the next London or Hong Kong. To help execute his vision, the ruler relied heavily on Dubai World, the web of state-owned companies that includes everything from DP World, which operates 49 ports across the globe, to property developer Nakheel to investment arm Istithmar World. [Bloomberg]
Sony Chief Pushes Online Plan for Recovery — Sony’s chief executive, Howard Stringer, has a grand idea: an all-in-one online network that pipes Sony’s films, music, games and other content to its TVs, Walkmans and PlayStation game machines. [NY Times]
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