Janet Francis looks at job postings at the New York State Department of Labor Thursday in the Brooklyn section of New York. Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Francis, 36, of Brooklyn, has been unemployed for two years and has used the time to work toward her college degree in social work.

Shrinking wages: As economy drops jobs, paychecks drop some weight

10:02 PM - U.S. wages shrink to lowest level in nearly a year as employers cut 467,000 jobs in June. Read more...

In Other Business News...

JTEKT wins pollution prevention award

10:03 PM - The JTEKT Corp., of Vonore, is the winner of the 2009 Governor's Environmental Stewardship Award for Excellence in Pollution Prevention. Read more...

California prepares to issue IOUs

10:02 PM - Failure to balance the California's main checkbook and looming IOUs prompted Gov. Arnold Schwarzenegger to declare a fiscal state of emergency. Read more...

Chase will accept California IOUs for a week

09:51 PM - Chase, U.S. consumer and commercial banking business of JPMorgan Chase & Co., will accept California registered warrants from customers through July 10 as a courtesy. Read more...

Feds seize Madoff penthouse, wife forced out

09:50 PM - U.S. marshals seize Bernard Madoff's $7M Manhattan penthouse, forcing his wife, Ruth, to move out. Read more...

Some optimism for U.S. auto market with June sales

07:41 PM - The slide isn't over but it certainly slowed for auto makers as the June figures came in. Read more...

States without budgets as key deadline passes

08:25 PM - if you thought Tennessee battled over a budget, see that 30 states are still trying to figure out what to do after the budget year officially started across the nation Wednesday. Read more...

Emotion, few details, in Obama’s health care pitch

08:23 PM - The Obama administration took a "Joe the Plumber" approach to the brewing battle over health care and Republicans didn't see the maneuver as more than a sham. Read more...

Four landfills OK'd for coal ash test

11:48 PM - State environmental authorities have granted the Tennessee Valley Authority approval to use four East Tennessee landfills as test sites for coal ash disposal, though the agency has no current plans to do so. Read more...

Bredesen: Offer to GM was $20 million

11:48 PM - The Kingsport-Times News reported that the governor said Tuesday in Bristol that GM executives have told him that as the industry rebounds and they start producing more cars, they are going to need to expand capacity. Read more...

Facebook plans to simplify privacy settings

08:05 PM - Facebook ties to bring in easier privacy settings as expanded services have left privacy an intricate matter for members. Read more...

Money Briefs

Jobless data sends stocks reeling; Dow loses 223 ... and more

10:00 PM - NEW YORK -- A dour report on job losses in June sent stocks sharply lower Thursday. Read more...

Business Planner

Business Planner for Friday, July 3

09:56 PM - Blount County Chamber of Commerce sponsoring workshop on America's Recovery Capital (ARC) loan program, Todd Mills, an Edward Jones financial... Read more...

Personnel File

Personnel File for Friday, July 3

09:58 PM - Teagan Tilson joins MainStay Suites in Alcoa and Martin Keller named to lead Biological and Environmental Sciences Directorate at the Department of... Read more...