women in leadership, pamela j. newman. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: when you think of insurance, exciting possibly isn't the word that comes to mind. but the global insurance industry is a $4 trillion a year business, and when it comes to identifying and managing risk at the highest levels, it's not just exciting, it can be life and death for a company. one person who has been very successful in helping climate deal with that risk is pamela newman, she works very hard to not only make insurance thrilling but to transform it into a work of art. she's driven by her passion for making things happen. >> dare to be great! dare to be great! >> drew: dr. pamela newman has a phd in psychology from the university of michigan, is not your average insurance agent. >> i think that i like people to be passionate about what they do. and i think i like to create an excitement that all

got to the lobby, pamela said you look so familiar to me, but i can't place you, but my name is pamela newman. >> and this lovely woman said, i'm catherine graham, nice to meet you. >> only pamela could do this. pamela said, i've always wanted to get into the washington post, but i've never been able to get an appointment. >> and pamela said, may i follow up with you today, mrs. graham? and she so politely said, please do, pamela. and that was probably 15, 16 years ago, and the washington post is still a client today. >> tom: certainly speaks to her tenacity and her ability to connect with other powerful leaders, doesn't it? >> she does it brilliantly, and effortlessly. >> i don't know of anybody else who can meet somebody on an elevator, particularly somebody who is important as kath rip graham, and end up -- catherine graham, and end up with the business. and i think that story, motivates her team, because they know that she is out there, constantly with her creativity. developing opportunity. and so people want to be on her team, they want to be an important part of those opportunities. >>

markets are closed for thanksgiving and we will bring you a special program: "women in leadership: pamela newman." you may not know her name, but in the insurance business, she is one of the most influential women in america. her client list includes donald trump, warner music group and the "new york times." just as the holiday season begin, nokia siemens is cutting 17,000 jobs worldwide. that's nearly a quarter of its workforce. the unprofitable joint venture of nokia and siemens expects the reduction to be completed within two years. the company says the move will save more than $1 billion a year. nokia siemens will focus on mobile broadband and services, and plans to cut units not considered essential. a federal bankruptcy judge rejected the city of harrisburg, pennsylvania's bankruptcy petition. its divided city council voted the judge who dismissed the case did so because the bankruptcy petition filing violated state law. the capital city's debt problem began 10 yeas ago when it decided to upgrade a trash incinerator. they thought it would generate enough revenue to cover its financing cost