Xerox is copying a page out of Micron's book, laying off 3,000 in the face of a drop in US sales.

Published: Oct 23, 2008 - 10:01 PM
Read more about Xerox earns quarter billion profit, cuts staff by 3,000 (117 more word(s))

That's a 10% RIF (Reduction In Force).

Published: Oct 23, 2008 - 08:29 AM
Read more about Goldman Sachs - not so golden any more - 3200 jobs to be cut. (60 more word(s))

In the last few days, we've been treated to a view of US Republican Vice-Presidential candidate Sarah Palin that is in sharp contrast to the "Varage Hockey Mom" image she wants to project.

Published: Oct 22, 2008 - 09:45 PM
Read more about Just how out of touch can politicians be? Updated (691 more word(s))

Pakistan went hat ... er, turban in hand to the IMF after the US, Saudi Arabia, and China all turned it down for an emergency cash injection in the billions.

Published: Oct 22, 2008 - 09:25 PM
Read more about Pakistan almost bankrupt (99 more word(s))

Earlier today, the corporate owners of Ponderosa Steak House and Bonanza Steak House filed for chapter 11.

Published: Oct 22, 2008 - 09:11 PM
Read more about Ponderosa, Bonanza Steakhouses in Chapter 11 (84 more word(s))

Kirk Kerkorian must like gambling, or at least the profits from gambling - his Tracinda Corp. owns the MGM Mirage casino. However, his $600 million bet on Ford has come up snake-eyes.

Published: Oct 21, 2008 - 10:52 PM
Read more about Ford does a Dr. Kervorkian on Kirk Kerkorian (231 more word(s))

Yesterday, we reported that Yahoo wanted to cut 1,000 jobs.

Today, we learned that the actual head count reduction will be at least 1,500.

Published: Oct 21, 2008 - 10:30 PM
Read more about Yahoo! - update - Will cut at least 1,500 jobs (198 more word(s))

Circuit City losing money, edges closer to bankruptcy.

Published: Oct 20, 2008 - 10:31 PM
Read more about Circuit City - unplugged. 150 stores at risk. (96 more word(s))

It's tough being #2 during a recession. Ad budgets are being cut back by billions of dollars, and Yahoo expects to slack off 1,000 employees.

Published: Oct 20, 2008 - 09:52 PM
Read more about Yahoo! Wants! To! Cut! 1000! Jobs! (161 more word(s))

You didn't need a crystal ball to see this one coming. General Motors, burning through cash at over a billion a month, and with record declines in sales, isn't all that great an investment.

Published: Oct 20, 2008 - 09:43 PM
Read more about No surprise here - GM can't borrow $$$ to merge with Chrysler (143 more word(s))