 This is London | Amid the financial turmoil Tesco turns to banking guardian.co.uk, UK - Non-food sales rose 4%, compared with 8% in the second half of last year. Leahy said toys, entertainment and electrical goods performed well, ... Tesco warns crisis could spread to consumer economy Tesco weathers the storm as profits rise Personalise your news |
Tuesday, September 30, 2008
Amid the financial turmoil Tesco turns to banking - guardian.co.uk
Volvo Trucks to Eliminate 1400 Jobs as Demand Slows (Update3) - Bloomberg
 The Money Times | Volvo Trucks to Eliminate 1400 Jobs as Demand Slows (Update3) Bloomberg - Volvo will initiate other cost-cutting measures in the face of declining sales and higher raw material costs, the Gothenburg, Sweden-based manufacturer said ... Volvo Trucks to cut 1400 jobs in Sweden, Belgium UPDATE 1-Volvo cuts truck production, jobs as demand falls Volvo trucks to cut 1400 jobs |
Pfizer to Cut R&D Jobs, Retreat from Heart-Drug Research - Wall Street Journal Blogs
 eFluxMedia | Pfizer to Cut R&D Jobs, Retreat from Heart-Drug Research Wall Street Journal Blogs, NY - The industry now sees heart disease as a saturated area, where it’s hard to bring to market a new drug that will make a big difference (and win high sales). ... Pfizer Announces Halting Development of Some Eleven Drugs Pfizer Halts Heart Disease, Obesity Research; Focuses on Cancer |
New McCain-Palin spot touches on Lehman crisis. - Chicago Sun-Times
 Spiegel Online | New McCain-Palin spot touches on Lehman crisis. Chicago Sun-Times, United States - Small businesses are the heart of job growth; raising taxes on them hurts every worker. (McCain-Palin 2008, "John McCain's Jobs For America Economic Plain," ... How to enrage the media: Nominate a tough, smart woman from Alaska ... ARGUS: Gas pumps are one-armed bandits |
Monday, September 29, 2008
Many US retailers report sluggish back-to-school sales - The Canadian Press
 Boston Globe | Many US retailers report sluggish back-to-school sales The Canadian Press, NEW YORK - A report from the US Labour Department offered more evidence that the slowing economy is taking its toll on jobs, a bad sign for consumer spending. ... Morning Watch, Sept. 4 Dow Plunges 200 Points After Retail, Jobs Data |
Panasonic halting Peachtree City stereo prodcution; 500 jobs lost - Atlanta Journal Constitution
Panasonic halting Peachtree City stereo prodcution; 500 jobs lost Atlanta Journal Constitution, USA - Auto sales have fallen sharply in the last year as high gas prices, falling home prices and a down economy have kept shoppers away from showroom floors. ... Panasonic plant shut down in Ga. to cost 500 jobs Peachtree City on Edge After Panasonic Announces Plant Closure Panasonic downsizes 500 |
Dow falls 340 points amid unemployment and retail sales rates news - Men's News Daily
 ABC News | Dow falls 340 points amid unemployment and retail sales rates news Men's News Daily, CA - “This morning’s employment numbers continue to indicate that the labor sector remains soft at best and looks to continue to shed jobs throughout the ... Stocks Plunge on Retail, Jobs Reports Stocks plummet after retail, unemployment data |
Home Sales Fell More Than Expected in August - New York Times
 Ottawa Citizen | Home Sales Fell More Than Expected in August New York Times, United States - The country lost 100000 jobs in August and has lost 770000 since November. Real after-tax income, adjusted for inflation, has fallen this year. ... Bernanke Expands Congressional Testimony Bernake: Recession Certain Without $700 Billion Bailout |
Sunday, September 28, 2008
Bankrupt Economics - Washington Post
 FinFacts Ireland | Bankrupt Economics Washington Post, United States - A hallmark of the crisis has been the stark contrast between the "real economy" of production and jobs and the tumultuous financial markets of stocks, ... Give Paulson a Clean Bill A Workable, Private Bank Assistance Plan or Why President Bush ... |
Jobs and customer orders are saved as MFI gets lifeline - Times Online
 Times Online | Jobs and customer orders are saved as MFI gets lifeline Times Online, UK - In fact, sales in recent weeks have been ahead of plan. MFI is a great retail brand and I look forward to leading the management team as we build further on ... MFI management make buy-out deal MFI saved from collapse at 11th hour |
Record fall in building jobs - Irish Times
 Irish Examiner | Record fall in building jobs Irish Times, Ireland - Anecdotal evidence suggested that the downturn in the economy affected sales, while firms cut back purchasing activity for the 16th successive month. ... Record job losses in construction Irish construction firms reported a further considerable ... |
Economic data point to recession - Boston Globe
 The Associated Press | Economic data point to recession Boston Globe, United States - Workers filing first-time claims for unemployment surged to almost 500000 last week, up more than 50000 in the past month alone; new home sales plunged 35 ... Vital Signs: Measuring the Stress on Consumers, Jobs Lehman failure could cost Pima $5.2 million |
Saturday, September 27, 2008
Telstra dials up another 800 job cuts - Sydney Morning Herald
 ZDNet.com.au | Telstra dials up another 800 job cuts Sydney Morning Herald, Australia - "We call on Sol Trujillo to meet those people face to face and explain why he can keep his multimillion-dollar job and they have to lose their jobs," the ... Australia's Telstra to Cut 800 Jobs Telstra slashes 800 jobs in three cities |
Pending Home Sales Fall Again in July - TheStreet.com
 BBC News | Pending Home Sales Fall Again in July TheStreet.com - "The economy is producing more, yet cutting jobs. A first-time home buyer tax credit and lower interest rates on newly conforming jumbo loans favors ... IP to Close Okla. Paper Machine Pending Home Sales Fell By More Than Expected In July |
Jobless claims pushed to 7-year high - The Associated Press
Jobless claims pushed to 7-year high The Associated Press - Last week, drug maker Schering-Plough Corp. said it plans to cut 1000 sales jobs to reduce costs, part of a 10 percent reduction in staff announced in April ... Quick Hits: Hurricaines Blow In, Jobs Blow Out US jobless claims rose to 7-year high last week Ahead of the Bell: Dip in jobless claims expected |
Chrysler resorts to layoffs to cut 1000 jobs - AFP
 KEPR 19 | Chrysler resorts to layoffs to cut 1000 jobs AFP - DETROIT, Michigan (AFP) â€" Chrysler LLC has resorted to firing 250 salaried workers in order to meet targeted job reductions as it shrinks its struggling US ... Chrysler to Fire About 250 as It Trims 1000 Jobs (Update1) Reports: Chrysler to cut 300 white-collar jobs Chrysler to cut 250 salaried workers |
Friday, September 26, 2008
Durables orders, home sales skid lower - Washington Post
 CEP News | Durables orders, home sales skid lower Washington Post, United States - The department estimated that about 50000 of last week's claims were caused by the hurricanes so some of those jobs may be restored when businesses are able ... Unemployment claims jump to highest level in 7 years Treasurys down, stuck between rescue plan and data Stock futures up after jobs, durable goods report |
Horrid US Economic Data on Housing Market, Jobs and Durable Goods - The Market Oracle
 The Market Oracle | Horrid US Economic Data on Housing Market, Jobs and Durable Goods The Market Oracle, UK - The disaster in home sales continues. The US Census Bureau has just issued the New Residential Sales Report for August 2008. Let's take a look. ... New-home sales fall; jobless rate up Unemployment claims jump to highest level in 7 years BOND REPORT Treasurys down as rescue plan trumps data |
New home sales and factory orders fall in August - The Associated Press
 NewsOK.com | New home sales and factory orders fall in August The Associated Press - In the last week, drug maker Schering-Plough Corp. said it plans to cut 1000 sales jobs to reduce costs, while the nation's largest chicken producer, ... Durables orders, home sales skid lower Quick Hits: Hurricaines Blow In, Jobs Blow Out US jobless claims rose to 7-year high last week |
HSBC cuts 500 jobs in London - Telegraph.co.uk
 Sky News | HSBC cuts 500 jobs in London Telegraph.co.uk, United Kingdom - All 50 remaining mortgage advisers in B&B’s network of 300 branches will lose their jobs. The bank said the decision was taken to end mortgage sales in ... Bradford & Bingley starts job cuts as hopes fade of rescue bid Now B&B jobs axe hits home Bradford & Bingley to axe 370 jobs |
Thursday, September 25, 2008
Chrysler to Fire About 250 as It Trims 1000 Jobs (Update1) - Bloomberg
 Reuters | Chrysler to Fire About 250 as It Trims 1000 Jobs (Update1) Bloomberg - 25 (Bloomberg) -- Chrysler LLC, cutting back as its US sales shrink, said it will fire about 250 employees as part of a plan to eliminate 1000 salaried ... Reports: Chrysler to cut 300 white-collar jobs Chrysler to cut 250 salaried workers Chrysler to dismiss 250 workers starting Friday |
GM to build $370M engine plant in Flint, Mich. - BusinessWeek
 AFP | GM to build $370M engine plant in Flint, Mich. BusinessWeek - The contract, Rapson said, is helping GM get through some tough times, especially as pickup truck and sport utility vehicle sales continue to slump due to ... GM still weighing engine, stamping plant cuts GM to build $370 million plant for Volt engine in Flint GM to Spend $370 Million on Chevy Volt Engine Plant (Update2) |
Mortgage lender Bradford & Bingley to cut 370 jobs in a desperate ... - Telegraph.co.uk
 BBC News | Mortgage lender Bradford & Bingley to cut 370 jobs in a desperate ... Telegraph.co.uk, United Kingdom - Embattled buy-to-let mortgage lender Bradford & Bingley is cutting 370 jobs, a tenth of its workforce, and ending home loan sales though its branches in a ... Bradford & Bingley to axe 370 jobs Bradford & Bingley to axe 370 jobs UK's Bradford & Bingley announces 370 job cuts |
Stocks slip on jobs report - CNNMoney.com
 MSN Money UK | Stocks slip on jobs report CNNMoney.com - Stocks plummeted Thursday, with the Dow plunging 345 points as mixed retail sales, lower oil prices and dour labor market readings amplified worries about a ... US unemployment rate rises to 6.1%, its highest level in five years Stocks dive as US jobless rate soars |
Wednesday, September 24, 2008
Jobs, economy dominate Round 2 of gubernatorial debates - Indianapolis Star
 Inside INdiana Business (press release) | Jobs, economy dominate Round 2 of gubernatorial debates Indianapolis Star, United States - Mitch Daniels, Democrat Jill Long Thompson and Libertarian Andy Horning differed on issues such as cutting sales taxes on gasoline and heating fuel, ... Governor candidates trade jabs at Jasper debate Chatting with the Candidates: Jill Long Thompson Best choice? It’s debatable. |
Auto industry to get $25 billion in federal loans - The Associated Press
 Washington Times | Auto industry to get $25 billion in federal loans The Associated Press - Debbie Stabenow, D-Mich., said the loans were "critical to saving jobs" in an industry that has already shed jobs and struggled with weak sales, ... Lawmakers cheer $25B deal for auto industry A $25 Billion Lifeline for GM, Ford, and Chrysler US House budget plan would fund auto industry loans |
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