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…