SantaClara,Calif.-basedcompanyreporteda90percentdropinfourth-quarterprofitlastweek[
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TheChicago-basedcarriersaiditlost$9.91pershare,comparedwithalossof47centspershareoneyearago.Therevenuewentdownfrom$5.03billionto$4.55billionby9.6percent![
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WhileAmericansspent$1.5milliononthefirstblackpresident'sinaugural,thestockmarketwasnothappy,andallthreeUSindexsplungedmorethan4%.Thebankingsectorgottheirworstdayinhistory.StateStreetCrop.:plungnd59percentto14.89Citigroup:fell20percenttoits17-year-low$2.8BankofAmerica:lost29percentto$5.10MorganStanley:fell$2.49,or16percentto$13.10GoldmanSachsGroup,Inc.:Fell13.85or18.96%dollarsto$59.20WellsFargo&a...[
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Onereportsaidin2009,thefollowingcitieswilllosemorejobsthanothermetropolitanareas.NewYork:expectedloss181,000LosAngeles:expectedloss164,000Miami:expectedloss85,000Chicago:expectedloss80,000Unemploymentisexpectedtotop10percentamong70citiesin2009[
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ReferencePlus40,000onJan16,2009[
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"AdvancedMicroDevicesInc.announceditsthirdroundoflayoffsinayearFridayandwillslashpayfortopmanagersby15percent,othersalariedworkersby10percentandhourlyworkers'salariesby5percent."
AMDhadcut2,200workersintheprevioustworoundsoffirings.[
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