71400: Number Of Jobs Cut In A Single Day
CNN Money has an article on the current job loss: Bloody Monday: Over 71,400 jobs lost The final week of January began with a bloodbath for the job market, as over 71,400 more cuts were announced on Monday alone. At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands [...]
What Happened In The Market Today…26 Jan 09
What’s Happening In The Market Now… Stocks were cautiously up at the open this morning. The announcement of Pfizer’s (PFE) acquisition of Wyeth (WYE) shows deals are possible even in a recession. Caterpillar (CAT) said it was “whipsawed” in the final three months of 2008 as a sharp drop in economic conditions and plunging commodity [...]
What Happened In The Market Today…23 Jan 09
What’s Happening In The Market Now… The market was down sharply at the open once again this morning. Corporate earnings reports continue to come in short of estimates and increase fears about the extent of the recession. The British government released data showing the country’s economy shrank 1.5 percent in the fourth quarter, after contracting [...]