An oncoming wave of oil industry job cuts and restructuring is only the first inning of a long game, experts tell CNBC.» Read More
Following are the day’s biggest winners and losers. Find out why shares of Geron and Wells Fargo popped while HSBC and Proctor & Gamble dropped.
Stocks retreated in a yo-yo session as an earlier advance in the shares of energy and big-cap technology companies dissipated. But banks held gains as investors hoped for more clarity on the government plan to firm up the financial system, with Fed Chairman Ben Beranke meeting with President Obama today.
Stock index futures pointed to a lower open for Wall Street, but were off the day's lows as Dow component Merck announced it will merge with Schering-Plough in a cash and stock deal.
The president’s more concerned with retribution than recovery, Cramer says.
This could be the greatest comeback in corporate history: a formerly bankdrupt company that has seen customers, revenues, and profits all growing at double digits—and a stock that could soon go public through an unusual method.
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
More companies announced layoffs on Thursday as the employment picture continued to dim.
Stocks rose on Wednesday, capping the S&P 500's longest winning streak since November...
More companies announced layoffs on Tuesday as the employment picture continued to dim.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
More companies announced layoffs as the employment picture continued to dim.
Even on Inauguration Day, companies continued to announce layoffs, reinforcing the challenges facing Barack Obama.
Corporate layoffs have soared since New Year's. On Friday alone, GE, Pfizer, AMD, Wellpoint and Hertz announced big cuts.
President Hugo Chávez, buffeted by falling oil prices that threaten to damage his efforts to establish a Socialist-inspired state, is quietly courting Western oil companies once again, the New York Times reports.