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IBM (IBM) will fire or is firing 5,000 US workers. The press has several reports describing how the functions of these people will be replaced. Workers in India will probably end up doing much of the...
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American International Group Inc. (NYSE: AIG) looks to be in the soup again. Reports of two top executives in Paris quitting the firm may leave AIG with a big black hole that could end up...
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The jobs data is not getting better yet. This last week’s jobless claims increased by an adjusted 8,000 to 652,000 in the March 21 week. Last week’s jobless claims were revised to 644,000. ...
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There was actually a drop in the jobless claims numbers this week. The new weekly data from the Labor Department came in at 646,000, down 12,000 fro the week before. The prior week’s jobless...
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We just got the latest round of weekly jobless claims, and it is still a worker bloodbath out there. This last week’s figure was put at 654,000. Economists had project a reading of 645,000 and...
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United Technologies Corp. (NYSE: UTX) is trading higher on what would have been considered bad news in other economies or in different times. The company announced an additional $600 million of...
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You’re Fired! That is what the Labor Department is dealing with on a growing basis. The January unemployment rate of 7.6% just got replaced by a number of 8.1% for February. And the non-farm...
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This morning we have seen the weekly jobless claims. While economists are always noting that unemployment is a lagging indicator, go ask anyone in the unemployment lines how lagging this feels. ...
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If you were hoping for any remotely positive economic data this morning, the news is not just a disappointment. It is really awful. The data on weekly jobless claims is above recently normal...
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Cisco Systems, Inc. (NASDAQ: CSCO) has laid off several hundred workers and named a new Executive Vice President of its Worldwide Operations. Want to Retire Early? Start Here (Sponsor) Want...
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Things just got darker at Nortel Networks (OTC-NRTLQ) (Former “NT on NYSE). The company today announced an additional 3,200 job cuts. “The Next NVIDIA” Could Change Your Life NVIDIA has...
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The bigger they are, the more noise they make when they fall. British miner Anglo American plc (NASDAQ:AAUK) has canceled its dividend for the fourth quarter, suspended its $4 billion share buyback...
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As if the ongoing jobs data was set to get any better after yesterday’s FOMC Minutes calling for 9% unemployment by the end of the year, we just got another fresh round of weekly jobless claims...
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All told, the $789 billion economic stimulus bill contains about $50 billion for renewable energy projects, electric utilities, and other green companies. It’s possible to look at this sum in at...
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The weekly jobless claims data has surpassed the dreaded 600,000 mark. The last week’s unemployment lines were down 8,000 to 623,000. We had weekly jobless claims numbers expected as 610,000...
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