With more than 11 million Americans out of work, President Obama is pressing Congress for urgent action and said the U.S. is undergoing "a devastating…
In an effort to cope with the continued decline of new vehicle sales and production cutbacks, major automotive plants will be laying off more employees…
Ericsson's fourth quarter profits dropped 31%. Citing weakened handset sales and costs associated with restructuring, the Stockholm-based manufacturer announced it would layoff 5000 of it's…
President Barack Obama will assemble his senior economic advisers today, Wednesday 21, to discuss his economic stimulus plan. White House Spokesman Robert Gibbs said, "He'll…
For the third time since December, lawmakers have attempted to establish a desperate budget rescue plan. In Gov. Arnold Schwarzenegger's State of the State address…
Oregon's unemployment rate jumped last month from 8.0 percent to 9.0 percent, according to December numbers out today from the state employment department. However, the…
Bank of America is expected to cut several thousand jobs in its capital-markets division beginning this week, according to The Financial Times, which cites executives…
Today, IBM Corp. announced higher than expected earnings. Although, the strong dollar's impact kept overseas sales revenue below forecasts. The glimmer of good news came…