Brooklyn pharmaceutical giant Pfizer will acquire rival Wyeth for $68 billion. The boards of directors of both companies have approved the deal. Pfizer will cut…
Peoria, Illinois-based heavy equipment manufacturer Caterpillar is laying off 17,000 workers and buying out 2,500 others, to reduce costs in what it predicts will be…
Tire manufacturer Bridgestone will cut about 800 jobs in the US to cope with weak sales. Tokyo's Bridgestone will stop making tires for passenger cars…
The studio who produced 2008’s highest grosser, The Dark Knight, will be cutting 10% of their employees. Warner Brothers Entertainment announced that they would be…
An analyst says as many as one thousand Starbucks employees could be laid off within weeks. The layoffs could include one-third of corporate employees, district…
About 136 workers at an Enfield envelope factory will lose their jobs when its parent company closes the facility this Spring. MeadWestvaco announced the closing…
While the video game industry has been far outperforming many others in the economic downturn, Microsoft has included many in its own video game units…