Business news

Industrial job fair scheduled for today


Augusta-based staffing agency MAU will hold a job fair from 9 a.m. to 4 p.m. today at Jameson Suites, 1062 Claussen Road, to fill 56 job openings at area industrial sites.

Applicants must have a minimum of six months of related work experience and a clean background, and they must submit to a drug screening. Applicants will be interviewed on the spot for consideration for the openings.

MAU is seeking applicants to fill positions at Kimberly-Clark, Hubbell, E-Z-Go and Newman Technology.

Microsoft bets big on new phone software

NEW YORK --- After years of declining sales of phones based on its Windows Mobile software, Microsoft Corp. is starting with a completely new operating system for phones.

The new handsets will go up against Apple Inc.'s highly popular iPhone and the expanding number of phones running on Google Inc.'s Android system.

The first phone with Windows Phone 7 will be the Samsung Focus, which hits AT&T Inc. stores Nov. 8 for $200 with a two-year contract required, Microsoft said Monday. It will be closely followed by two more phones for AT&T, made by LG Electronics Inc. and HTC Corp., and one for T-Mobile USA, also made by HTC.

In May, Microsoft launched another new phone software package, Kin, only to yank it about two months later in the face of dismal sales.

Fed nominee wins Nobel in economics

WASHINGTON --- Peter Diamond's research on unemployment is good enough to earn him the Nobel Prize in economics -- but not to get him on the Federal Reserve.

Diamond, an economist at the Massachusetts Institute of Technology, and two other economists were honored Monday for their work in explaining why unemployment can remain high despite large numbers of job openings.

Dale Mortensen, an economics professor at Northwestern University, and Christopher Pissarides, a professor at the London School of Economics, will share the $1.5 million prize with Diamond.

President Obama nominated Diamond to the Fed in April, but Senate Republicans blocked his nomination, questioning his practical experience and the conclusions of his research.