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Mobile fair on SRS jobs will visit Augusta today

A mobile job fair, sharing information on how to get a Recovery Act job at Savannah River Site, will be in Augusta today.

The Road To Recovery Tour will stop at the Augusta Career Center, 601 Greene St. from 10 a.m. to 3:30 p.m. Information will be provided on how people can obtain a job at SRS.

Job fair representatives also have job search tips and resume building advice.

The Georgia Department of Labor's Augusta Career Center and the University of Phoenix will co-sponsor a career expo for employers, students and other job seekers from 9 a.m. to noon Thursday, Nov. 19, at the University of Phoenix campus, 3150 Perimeter Parkway.

About 45 employers are expected. For information, call the Augusta Career Center at (706) 721-3131.

Fed says GMAC needs more bailout money

WASHINGTON --- The Federal Reserve said Monday that GMAC is the only one of 19 stress-tested banks that needs more capital to withstand losses if the economy softens.

GMAC, a crucial player in the U.S. auto industry, has been unable to raise the $11.5 billion regulators said it needed after stress test results were announced in May. The Fed says the finance company is expected to close the gap with more money from the $700 billion financial bailout.

GMAC, already the recipient of $12.5 billion in taxpayer infusions, is negotiating with regulators over how much more it will receive.

Sprint to cut at least 2,000 jobs by January

OVERLAND PARK, KAN. --- Sprint Nextel Corp. on Monday said it will cut 2,000 to 2,500 jobs, mostly before the end of the year, as it keeps losing subscribers.

The wireless carrier, based in Overland Park, Kan., said the goal is to cut labor costs by at least $350 million per year.

Sprint plans to take a charge of $60 million to $80 million in the current quarter for severance and other costs associated with the job cuts.

The company started the year with about 56,000 employees. It then cut 8,000 jobs in the first half of the year. It is also transferring 6,000 employees to LM Ericsson AB, a Swedish contractor that is taking over management of Sprint's network.

Sprint has been seeing subscribers defect to larger carriers AT&T Inc. and Verizon Wireless for a while. In the quarter that ended in September, it lost a net 545,000 subscribers, and revenue slipped 9 percent from a year ago.

Target, Babies 'R' Us stores recall strollers

WASHINGTON --- About a million Maclaren strollers sold by Target and Babies "R'' Us were recalled Monday, after 12 reports of children having their fingertips amputated by a hinge mechanism.

The recall includes all nine models of single and double umbrella Maclaren strollers, according to the Consumer Product Safety Commission, which announced the recall after an investigation.

The amputation risk occurs when a child's finger is placed in the hinge mechanism of a stroller while it is being unfolded. When the opened stroller locks into place, it can cut off the tip of the child's finger.

The recall includes the following stroller models: Volo, Triumph, Quest Sport, Quest Mod, Techno XT, TechnoXLR, Twin Triumph, Twin Techno and Easy Traveller.

The company is offering free hinge covers to prevent future incidents. The covers should not be removed unless the stroller is being cleaned, according to the CPSC.