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Syndicate
(RTTNews) - Through October, payrolls declined by 0.9 percent (1.179 million) from the peak in December 2007, well below the 2.3 percent average total decline in recessions since 1950, observe the analysts at UBS. However, momentum is still downward. Payrolls fell at a 1.9 percent annual rate in the three months through October, a significant weakening from -0.7 percent at an annual rate in the...
[.DJIA Loading...   ()  ] fell on Thursday as a sharp drop in
[US@CL.1 Loading...   ()  ] sent the energy sector tumbling and disappointing profit outlooks from large companies such as
[MRK Loading...   ()  ] raised the specter of a worsening economy.
[GM Loading...   ()  ] was among the top drags on the Dow after the car company said i...
The supplier of steel and aluminum wheels posted a net loss of $10.4 million, or 10 cents per share, on revenue of $497 million in its third quarter ending Oct. 31, compared with a net loss of $62.7 million, or 62 cents per share, on revenue of $554.9 million in the same period a year ago.
In the company's earnings release, CEO Curtis Clawson said he was pleased with Hayes Lemmerz's per...
U.S. Preview: Weekly U.S. Jobless Claims to Remain Well Above 500k (Repeat)
(CEP News) - Initial unemployment claims in the U.S. are expected to remain well above the 525k level in the week ending Nov. 29, after crossing the half-million threshold for the first time in more seven years three weeks ago. The number of people filing claims is expected to have increased from the last report,...
NEW YORK — Wall Street withstood another stream of bad economic readings Wednesday, closing sharply higher as investors shuttled between pessimism about the recession and hopes that the nation might start seeing relief soon. The major indexes saw big swings throughout the day, but all closed up more than 2 percent, giving the market its second straight advance.
The day's downbeat news in...
Carrollton-Farmers Branch Superintendent Annette Griffin has requested a hearing to appeal her proposed termination, school board President John Tepper said Tuesday.
DWI arrest only one reason Carrollton-Farmers Branch district seeks firing of superintendent
The appeal means trustees cannot take action to fire Dr. Griffin, whose termination was scheduled for possible action at the b...
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Elinor Comlay and Jonathan Stempel, Reuters Published: Monday, December 01, 2008
NEW YORK -- JPMorgan Chase & Co on Monday said it will eliminate about 9,200 jobs at the former Washington Mutual Inc, which on Sept. 25 became the largest U.S. bank to fail.
The cuts amount to more than 21% of the workforce at Washington Mutual, which ended June with 43,198 employees.
Washingt...
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Economists with the National Bureau of Economic Research made it official today: the United States is in a recession.
The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday.
The NBER — a private, nonprofit research organization — said its g...