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We have been tracking the layoffs and the weekly jobless claims to figure out what they mean for the economy. Just this morning we noticed many job cut announcements from companies.. Home Depot...
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The Labor Department released its weekly jobless claims showing how many Americans have filed for new unemployment benefits. Consensus estimates according to Bloomberg was 610,000 for the week,...
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Cerberus Capital Management was one of the top private equity firms any MBA graduate would have wanted as their career destination. But this week may mark another stark reminder that private...
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Motorola Inc. (NYSE: MOT) must be the worst place to work in the entire mobile communications sector. It is one thing that the company is issuing yet another earnings warning . But the layoff...
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You know times are more than tough when an industry’s leader is caught like a roach on its back. That is the position that Seagate Technology (NYSE: STX) finds itself in at the onset of 2009. ...
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Boeing Co. (NYSE: BA) has decided that it wanted to get into the business of pink slips. The aerospace and defense giant announced that it plans to shed some 4,500 workers. The cuts are coming in...
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Chevron Corporation (NYSE:CVX) already gave its severe earnings warning and we have already seen layoffs coming out of Schlumberger Limited (NYSE: SLB). [] and its dragging down share prices for the...
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As if you would not have guessed, wrestling is apparently not a recession-proof business. This morning there was an announcement from World Wrestling Entertainment Inc. (NYSE: WWE) that it was...
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It seems that Donald Trump is in charge everywhere if you look at the most recent data from the Labor Department: everyone is fired. Today’s report could have gone much differently. It isn’t...
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If you have somehow managed to be out since last summer when the oil boom was still in full-speed, there is one issue you would not have guessed was coming this quick: layoffs in the oil patch. We...
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The Labor Department just released the Weekly Jobless Claims data for the week ended January 3. While this number is arguably one that could have fluctuated wildly after the same sort of wild...
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EMC Corp. (NYSE: EMC) has been a love and hate relationship if you have hung in there since before, during, or after the VMware (NYSE: VMW) spin-off. The company issued some great news after the...
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We have noted on more than one occasion that pension plans would be trouble in the future. It has been well known that city, county, and state pension plans are facing severe losses and are...
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This is a revised number with new methodology, but ADP’s job loss number predictions for December are off the chart. ADP had previously been under expectations where Wall Street economists saw...
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This week will reveal the economy’s tolerance for pain. Investors will find out the official unemployment rate finished for 2008. The consensus estimates from both Dow Jones and Bloomberg show a...
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