Latest Post | Last 10 Posts | Archives
Previous Post: Icahn Bruising For Proxy Battle With Amylin Management
Next Post: Western Digital Launches 2-Terabyte Hard Drive Amid Slump
Posted in:
The Commerce Department said Thursday orders to U.S. factories for big-ticket manufactured goods fell by 5.7 percent in December, the fifth straight monthly drop, while sales of new homes plunged 14.7 percent last month, the slowest monthly pace on record.
The Labor Department said a record 4.78 million people claimed unemployment insurance for the week ending January 17. As a proportion of the work force, the number of unemployment recipients is the highest since August 1983. In a nod to the depressed economic climate, Caterpillar Inc. announced this week its intention to fire 22,000 workers, as the company scrambles to cope with a downturn in demand for its construction and mining equipment.
Mirroring the fact that the economic downturn is growing darker on the global horizon, too, electronics giant NEC Corp. reported today it will cut 20,000 workers worldwide to stanch mounting losses. And, as part of the $819 billion U.S. Economic Stimulus Bill supported by House Democrats, Speaker Nancy Pelosi explains to American taxpayers how $335 million for sexually transmitted diseases will stimulate business growth!
posted by David Phillips
January 30, 2009 @ 8:32 am
Previous Post: Icahn Bruising For Proxy Battle With Amylin Management
Next Post: Western Digital Launches 2-Terabyte Hard Drive Amid Slump
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
