“AOL staff has confirmed that the company is set to lay off thousands more employees in the coming months, following the announcement of the launch of a voluntary layoff program.
Tricia Primrose, vice president of AOL’s Corporate Communications, said AOL employees were informed of the move Thursday and the company will ask for 2,500 employees to [...]
“CIT Group, a major lender to small and mid-size businesses, filed for bankruptcy protection Sunday afternoon, a process that almost certainly will wipe out the federal government’s $2.3 billion investment in the company.
CIT is the first firm bailed out by the government to subsequently fail.
The 101-year-old firm said it hoped to significantly reduce its debt [...]
“‘Dell Inc. announced today that it will close its plant in Forsyth County by the end of January, cutting 905 full-time jobs, including 600 by mid-November,’ The Winston-Salem Journal reports.
‘The decision comes just two days after the $110 million plant turned four years old,’ The Winston-Salem Journal reports. ‘The plant is considered as the largest [...]
Sony Corp. reported its first annual net loss in 14 years and forecast a bigger loss this year, saying the pressure from sliding sales, competition in gadget prices and a strong yen was expected to continue.
The Japanese electronics and entertainment company said Thursday it lost 165 billion yen ($1.72 billion) in the January-March quarter, compared [...]
General Motors Corp and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday, three people briefed on the still developing plans said.
GM, facing a U.S. government-imposed deadline of June 1 to restructure or file for bankruptcy, is expected to send termination notices to [...]
Yahoo Inc. will lay off nearly 700 workers after getting off to a bumpy start under a tough-talking new boss who has promised to engineer a long-awaited turnaround at one of the Internet’s best-known franchises. (AP)
This is a great list, but obviously incomplete.
We have compiled a list of 12 brands that will we believe will not survive until the end of next year. Each brand and the major reasons for its demise are listed along with some of the public information 24/7 Wall St. examined. (24/7 Wallstreet)
Sounding the death march for SE here at Screwdd…
Struggling Sony Ericsson plans to cut another 2,000 jobs after shipments and market share dipped during the first quarter.
The announcement after number-one phone maker Nokia reported a 27 percent drop in sales but offered a glimmer of hope with expectations that next-quarter sales will be about the [...]
The company that owns the Chicago Sun-Times and 58 other newspapers and online sites said Tuesday it had filed for Chapter 11 bankruptcy.
The Sun-Times Media Group, Inc. said it would continue to operate its newspapers and Web sites as usual while it improves its cost structure and stabilizes operations.
Tuesday’s announcement comes amid a raft of [...]
Damn, Sony Ericsson–the glass is always half as empty as it was in the previous quarter, isn’t it? The Finnish handset manufacturer today generally freaked out the rest of the mobile industry by announcing that it only expects to sell half as many phones this quarter as last. (GearLog)
