- Australian House Prices Fall, More Rate Cuts Coming
- Panasonic Set to Book $3.9 Billion Annual Loss
- South Korea Suffers Record Fall in Exports
- Asian Markets Slide on Grim Corporate Outlook
- Rio Tinto Is Talking with Chinalco, No Deal Yet
- Thriller 'Taken' Snatches Box Office Crown
- Wen Sees Signs of Chinese Economy Reviving
- Banks Sought Foreign Workers As System Crashed
- Wall Street Looks To Stimulus After Bad January
- Phelps' Mistake Will Cost Him
- Why Super Bowl Tickets Were Not That 'Cheap'
- Insurance On Papa John's Super Bowl Kickoff Promotion
- A 'Tidwell' Family Affair At The Super Bowl
- Super Bowl Losers Are 'Winners' In El Salvador
- Kurt Warner Has Book Deal, Win or Lose
- Meet Creator of 'Hero On The Hudson' Game
- Mad Mail: Retention Bonuses During a Recession?
- Lightning Round: Time Warner, Dow Chemical, Black & Decker and More
- South Korean exports mark record drop in January
- Sharp contests anti-monopoly fine over displays
- Japan auto sales plunge in January
- HK legislators question disclosure for investments
- Wreck of renowned British warship found in Channel
- New Zealand recession to last until at least March
- Taiwan unveils $9.5 billion plan to create jobs
- Filipino homes trade bulbs for fluorescent globes
- Americans' saving more, spending less
Bahamas resort lays off 181 as crisis cuts tourism
NASSAU, Bahamas - A big Bahamas resort says it has laid off nearly a fifth of its employees as the world economic crisis slashes tourism across the Caribbean.
A statement from the Westin and Sheraton Grand Bahama Our Lucaya Resort says 181 employees, or about 18 percent of its beachfront workforce, have been let go.
The statement Sunday said hotel bookings are sliding "with no evidence of improvement," as the U.S. recession keeps hundreds of visitors at home.
The resort is owned by White Plains, New York-based Starwood Hotels & Resorts Worldwide Inc.
The nearby Atlantis resort has dismissed about 800 workers this season, while Baha Mar Resorts Ltd. laid off some 80 employees at two Bahamas locations.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



