Economy Slows Birth Rate
"No one is ever going to be able to quantify it, but there definitely is some cause and effect going on," said Carl Haub who…
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GE Expects More Credit Losses, Shows 44% Profit Loss In 4th Quarter
"Overall, we expect both the commercial and the consumer delinquencies to continue to get worse in 2009." CFO Keith Sherin said. In December the credit…
Wireless Giant Ericsson To Cut 5000 Jobs
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…
Chapter 11 Not The Saviour It Once Was
In 2005 Congress changed the structuring of all bankruptcy law. Chapter 11 was commonly used by companies who were falling behind on payments or were…
Despite spike in sales, Burberry to layoff over 500 employees
Burberry Group, based in England, announced an unexpected increase in third quarter sales. But despite these strong numbers they have made it clear that they…