Tough to trade down: The national recession has caused a scarcity of job openings in traditional fallback sectors, such as retail, restaurants and customer service, the Wall Street Journal reports. Monster.com reports the listings for jobs such as food preparation and sales have dropped by more than 25% from the year before.
Wanna buy the Beau? MGM Mirage has hired Morgan Stanley to handle the potential sale of its Beau Rivage casino in Biloxi, Miss., according to the Wall Street Journal. The company is looking at selling Beau Rivage and its MGM Grand Detroit casino in order to raise cash and cope with the slumping Las Vegas gambling market. According to the newspaper, MGM doesn’t want to sell the casinos at a discount price.
