Job Cuts at UBS
After UBS AG announced it was eliminating up to 10,000 jobs by 2015, in October 2012, the Zurich-based bank’s chairman Axel Weber warned that…
Monthly Archives: October 2012
Reaffirmation Agreements in Bankruptcy
Navistar International Corp. announced in October 2012 it intends to close a truck assembly plant in Garland, Texas, by the first half of 2013, and…
A123 Systems Files for Chapter 11 Bankruptcy
In October 2012, CNN Money reported A123 Systems, once all the rage with the U.S. electric car industry and government funding, filed for Chapter…
Job Loss May Lead to Bankruptcy Crimes
In October 2012, PayPal announced it was shedding around 325 employees as part of a re-organization by the company’s new president, David Marcus, seven months…
Layoffs Intersect with Personal Bankruptcies
In October 2012, Barclays PLC announced cutting about 50 employees from its equities business. It was the bank’s latest effort to reduce costs at its…
Internet Ads in Antitrust Controversy
Craigslist.org is in antitrust controversy according to a lawsuit with 3Taps, Inc. on monopolization and unfair competition claims. Craigslist.org is a popular website for people…
Cloud Computing
Olshan, a New York law firm that represents clients on advertising, marketing, and promotions, scheduled a seminar on Cloud Computing: Keeping Employee, Customer and…
Dangerous Jobs
U.S. News & World Report LP reported on the 11 most dangerous industries in the United States in October 2012. Firefighters and police offers were…
Former Employee Alleges Texas A&M University Violated Labor and Whistleblower Acts
An employee of Texas A&M University-Commerce was fired for job performance and co-workers’ complaints. She alleged that the university violated the Fair Labor Standards Act…
Trattoria Mollie: A Hospitality Success Story
In difficult economic times when people are finding it hard to gain employment in the hospitality business, Trattoria Mollie is an example of how…