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Forget 'What are your strengths and weaknesses?' If you want to get the real dope on prospective employees, ask job candidates these seven questions.
Jo-Ann Stores is posting impressive sales and earnings numbers and is an example of a retail sector on which Walmart doesn't have a steel grip.
Even smart people make financial moves that are downright illogical. Emotions and superstitions have a sneaky way of keeping you from rational financial decisions. But dumb choices can have serious, real-world consequences. Here are some of the biggest blunders we all make, plus tips from the experts on how to keep cool.
AP FILE PHOTOIn this Oct. 22, 2009 file photo, Chris Liddell, CFO of Microsoft Corp., yells as he tries to fire up a crowd of Microsoft employees prior to the start of a rally to celebrate the release of Windows 7 at the Microsoft Campus in Redmond, Wash. Liddell, who will step down from Microsoft at the end of the year, will join GM next year as the CFO.
General Motors Co. has hired an outsider to run its troubled finance operations, bringing in the chief financial officer of Microsoft Corp.
Chris Liddell will join GM next year, GM CEO Ed Whitacre Jr. said in a statement Monday.
Liddell, 51, brings depth and experience to the job leading GM's global financial and accounting operations, the statement said.
The move is GM's first permanent top management hire from outside the company since it left bankruptcy protection in July. Whitacre, a former CEO of AT&T Inc., is the company's interim CEO after the board forced out Fritz Henderson earlier this month. A search is under way for a new CEO.
Liddell will replace Ray Young, who was transferred to GM's operations in China. Steven Rattner, former head of the government's autos task force, wrote in a magazine article that GM had the weakest finance operation that task force members had seen in a major company.
Liddell led an effort this year to slice $3 billion in costs at Microsoft after it became clear the technology industry would not be immune from the effects of the economic meltdown. The plan included Microsoft's first mass layoffs, wage freezes as well as cuts to employee travel and other expenses.
He joined Microsoft in 2005, and during his tenure, the Redmond, Wash.-based company remained an avid acquirer of smaller companies, including a $6 billion takeover of Internet advertising technology provider aQuantive Inc. He was also on board when Microsoft made its $47.5 billion bid for Yahoo Inc. in 2008.
"We're also looking to his experience and insights in corporate strategy as a member of the senior leadership team in helping our restructuring efforts," Whitacre said in the statement.
At Microsoft, Liddell also made stockpiling cash a priority. In the most recent quarter, Microsoft's cash and short-term investments that could be quickly converted to cash jumped to $36.7 billion from $31.4 billion three months earlier.
Microsoft announced last month that Liddell was departing the software maker on Dec. 31.
In announcing his departure, Microsoft said Liddell was looking at other opportunities that would take his career beyond the CFO level. He came to Microsoft after serving in the same role at International Paper Co., a global paper and packaging manufacturer and distributor.
Liddell holds an engineering degree with honors from the University of Auckland, New Zealand, and a Master of Philosophy degree from Oxford University in England. He also is a member of the U.S. Securities and Exchange Commission's Advisory Committee on Improvements to Financial Reporting.
JAE C. HONG/APThe 2011 Chevrolet Cruze debuts at the Los Angeles Auto Show in Los Angeles, Wednesday, Dec. 2, 2009.CHEVROLET CRUZE
On sale fall 2010 The Korean-designed compact Cruze will replace the aging Cobalt for 2011. Powering the sedan is a 138-horsepower turbocharged 1.4-liter four-cylinder engine or a 140-horsepower, 1.8-liter four mated to a six-speed manual or automatic transmission. Chevy says the turbo engine returns 40 mpg in highway driving.
As a follow-up, Chevrolet will release the subcompact Spark in 2011. Also designed in Korea by GM-Daewoo, the four-door, four-cylinder Chevrolet Spark will be the brand’s smallest U.S. car, measuring 143 inches long, three inches shorter than the diminutive Mini Cooper.
GABRIEL BOUYS/AFP/GETTYThe new Ford Fiesta is displayed during the Los Angeles Auto Show on Dec. 2, 2009.
FORD FIESTA
On sale March 2010 Ford of Europe’s sporty five-door hatchback or four-door sedan comes with a 1.6-liter four-cylinder that pumps out 119 horsepower. Ford says the subcompact Fiesta returns 30 mpg in the city and 40 mpg on the highway when paired with a new six-speed automatic transmission. A five-speed manual also is available.
Like the forthcoming Mazda 2 and Chevrolet Spark, the Ford Fiesta is designed to battle the Toyota Yaris and Honda Fit. The subcompact features electronic stability control, side and head-protecting air bags, keyless entry, push-button start and leather trim.
DAVID McNEW/GETTY IMAGES