Layoffs at big companies are so common now that it is novel when a day goes by without Microsoft , Caterpillar , or Macy’s letting thousands of people go.
Ten American Companies That Won’t Cut Jobs
Tag Archives: street
Down day for global markets
Major markets across the world were sliding Friday with low confidence leading to near-record lows in the United States. European stocks were taking a beating as investors become increasingly anxious over the state of the global economy. Mining and banking shares fell sharply with mining giant Anglo-American leading the losses.
India says it will oppose U.S. ‘protectionism’
India Friday vowed to oppose any protectionism moves by the United States as part of Washington’s efforts to deal with the economic crisis. Attorney General Andrew Cuomo has been highly critical of Wall Street firms in general and Merrill Lynch in particular for the way they have conducted themselves in the midst of a financial crisis.
Bank of America’s CEO is subpoenaed
Bank of America CEO and Chairman Kenneth Lewis has been issued a subpoena by the New York State Attorney General’s Office, which is investigating whether the bank violated state law by withholding information from investors, a source familiar with the investigation told CNN. Attorney General Andrew Cuomo has been highly critical of Wall Street firms in general and Merrill Lynch in particular for the way they have conducted themselves in the midst of a financial crisis.
Helicopter goes down near California nuclear plant
A U.S. Border Patrol helicopter went down Thursday night near the San Onofre Nuclear Generating Station, according to the Federal Aviation Administration
How Stressed Is Your Bank?
For months, customers and investors have wondered if their banks will survive. The government may soon give its opinion
GM Bailout: Billions to Put People Out of Work
GM says it needs more money from the federal government or it will run out of cash next month. It has made some progress with its creditors and the UAW, but neither of those negotiations is final, so some of what GM can do to cut costs and improve its balance sheet will have to be taken on faith. The parts of the GM restructuring the the company can claim are firm are the closing of some brands including Saturn and Hummer, the shutdown of several factories, and the firing of 47,000 people.
China Buys Australia On the Cheap
Earlier this decade, the Chinese began what they called their “Go Out” strategy.
PR exec: Death threats forced firm to drop octuplet mom
Joann Killeen is president of the Killeen Furtney Group, the Los Angeles, California-based public relations firm that represented octuplet mom Nadya Suleman.
Building Green Houses for the Poor
When most people hear the term “green building,” they probably imagine something like Bank of America’s soon-to-be-completed Midtown Manhattan headquarters. The skyscraper will have floor-to-ceiling insulating glass walls, automatic light dimming, water recycling, air filtration and on-site power generation