Major US stock indexes fell on Thursday, pressured as signs of further job weakness and a disappointing Fed regional survey fueled doubts about prospects for a quick economic rebound. The Dow Jones industrial average fell 1.7 percent to 8,283.06 while the S&P 500 lost 1.7 percent to 888.23 and …
Hard disk drive and storage company Seagate Technology plans to cut about 1100 more jobs, or 2.5 percent of its work force. The Scotts Valley, Calif.
Germany’s economy minister has said the government couldn’t afford to spend all the money required to save every threatened job at carmaker Opel.
By Lucia Mutikani WASHINGTON, May 8 (Reuters) – US employers cut 539000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy’s steep decline might be easing and gave the stock market a boost.
President says his proposals to change tax breaks for US multinationals will spur employment. Experts don’t think so. By Jeanne Sahadi, CNNMoney.
By Cotten Timberlake April 29 (Bloomberg) — Jones Apparel Group Inc. said it will shutter about 225 locations in 2009 and 2010, representing a fifth of its own stores, and cut as many as 1000 jobs to reduce costs as the recession slows apparel and …
General Motors Corp. will cut 7000 to 8000 jobs in addition to cuts announced two months ago, and it will eliminate its Pontiac brand.
Sony-Ericsson on Friday reported a first quarter loss of $387 million and will cut an another 2000 jobs. It is unclear how many of those cuts would come from the company’s North American headquarters in Research Triangle Park, where Sony Ericsson cut …