The Japanese car giant, after overtaking GM as the worldwide sales leader, says it will finish the fiscal year $3.9 billion in the red.

Add Toyota Motor Corp. to the pile of money-losing car companies.
The Japanese giant said today that it had swung to a $1.8 billion loss in the third quarter of the fiscal year, and warned that it would report a full-year net loss of about $3.9 billion — the first time since 1950.
It’s the latest piece of bad news for the company. Despite capturing the global sales lead …

Employers slashed 598,000 more jobs in January as unemployment rate climbed to 7.6%.

Dan Arnall of the ABC News Business Unit tells us the bad news: the Bureau of Labor Statistics says the nation’s employers cut 598,000 workers from their payrolls during January, with significant downward revision to previous months. This is the worst month of jobs loss since December 1974 (-602K).
Since the jobs loss started in January 2008, the nation has seen more than 3.2 million jobs vanish into the black hole that is the current recession. The number is …

In what appears to be a growing trend, displaced employees are turning to cybercrime using their corporate data access to steal, exploit and damage information networks, and may have cost businesses as much as $1 trillion globally according to a new study from McAfee and Purdue University’s Center for Education and Research in Information Assurance and Security
Although insiders have always posed a threat to information security, the report warns that the global recession is putting vital information at greater risk than ever before.

The report, Unsecured Economies: Protecting Vital Information was …