Stocks soar, Dow tops 10,000
Markets rise to levels not seen in months, but some analysts say it's too soon to say recession is over.
Former Sotheby's chairman convicted
NEW YORK -- In a scandal that rocked the world's two biggest auction houses, the former chairman of Sotheby's was convicted Wednesday of plotting with his counterpart at Christie's to fix the commissions paid by sellers of fine art.
The job of finding work
CLEARWATER -- Two dozen people -- all out of work for at least six weeks -- sat around a conference table like reluctant students sentenced to detention hall.
Business today
FORD WARNS OF WIDER LOSS: Ford Motor Co. says its fourth-quarter losses will be larger than expected because the recession and rising unemployment are causing a higher number of motorists to default on their car loans. Ford expects to report a loss of 50 cents per share, before one-time items. Previously, Ford said it expected to improve from its third-quarter loss of 28 cents a share, and analysts expected a loss of 14 cents a share. Ford also said marketing costs related to zero-interest and low-interest finance offers were higher than expected, but the problem loans were made before the low-rate loans were offered.
Tech Data lays off 160 employees
CLEARWATER -- About 160 workers at Tech Data Corp. received an unwelcome surprise Wednesday: a pink slip.
