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…
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…
TCC Media Holdings, the parent company of Clear Channel Communications, has announced it is eliminating 1,850 positions, or about 9% of its staff; this is…
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…
Pennsylvania's Excela Health has announced the furlough of 70 management and staff positions, the equivalent of 60 full-time jobs. The layoffs represent less than 2%…
Barnes & Noble has eliminated nearly 100 positions in its corporate headquarters, as the bookseller attempts to reduce overhead costs due to the sharp downturn…
The nation's largest health insurance company, Indianapolis-based WellPoint, says cutting 1,500 jobs is the best way to streamline its staff of 42,000. It means eliminating…
General Electric is cutting jobs at finance unit GE Capital as part of a $2 billion cost-reduction program. GE said it was making announcements internally,…
In another sign that yes, the economic meltdown is really BAD, bankrupt retailer Circuit City, the nation's second-largest consumer electronics retailer, failed to find a…
Rental car company Hertz Global Holdings is cutting over than 4,000 jobs to reduce costs, as businesses and consumers cancel travel because of the economic…