Revenue may be down and the pressure to slash costs intense, but some U.S. companies say job cuts are not an option.
Costco Wholesale announced plans to close two Costco Home stores Thursday as part of the discount retailer's cost-saving program to combat falling consumer spending.
After a rocky start, stocks barreled higher Tuesday fueled by a surge in techs and a report that showed new home construction unexpectedly jumped in February. Even banks posted strong gains.
Stocks struggled to hold gains Tuesday as investors were encouraged by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
Stocks struggled at the open Tuesday as investors were encouragd by a report that showed new home construction unexpectedly jumped in February but banks wobbled.
Futures rebounded Tuesday after a report showed new home construction unexpectedly jumped in February.
Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.
Stocks opened slightly higher Friday amid some much-needed good news from banks.
Futures pointed to a fourth straight session of gains Friday amid some much-needed good news from banks.
With the economy weakening, chief executives want Wall Street to see them as tough cost-cutters who are not afraid to lay off workers. But plenty of job cuts are not trumpeted in news releases, the New York Times reported.
Shares of Sony closed half a percent lower Monday after the electronics maker said CEO Howard Stringer would double up as president and directly oversee the electronics division at the centre of its problems.
Sony sent a message of change Friday in centering power in Chief Executive Howard Stringer, who will also become president and gain greater say over its core electronics business as Japan's iconic electronics maker tackles a painful global slump.
Turnover at the top, presents an unique opportunity and set of challenges for a new leader to deal with, and managing the transition is the first step to ensuring success in any executive role. Fortunately, there's one fairly high-profile transition going on right under our noses, with the new guy and his team set to finally take the reins on Tuesday.
Bank of America and Citigroup both reported worse-than-expected losses for the fourth quarters Friday, including billions of dollars of writedowns from exposure to debt and real-estate markets. Experts give CNBC their reactions to the results.
Even porcupines could get pink slips in the slumping economy as states consider cutting or eliminating funding that supports zoos, aquariums and botanical gardens.
In the last 'Stop Trading' segment of yet another dramatic week in U.S. and global markets, Cramer talks to Erin Burnett (together in the same room for the first time in quite a while). After trading some banter about her recent sojourn in Russia, they bring up Citigroup, Wal-Mart and several other stocks on Cramer's mind.
GM and Ford reported far deeper-than-expected quarterly losses as an extended slump in car sales raised questions about the future of the US auto industry
Centro Properties Group, an Australian victim of the subprime crisis that is struggling to restructure, reported a $1.8 billion full-year loss on Friday, including more than A$1 billion in property revaluations.
Australia's top lender, National Australia Bank, announced on Thursday the impending exit of its chief executive, a week after he shocked investors with another $784 million in loan losses.
Starbucks will close more than two-thirds of its 84 stores in Australia by the end of the week under a restructuring plan announced Tuesday that will put almost 700 people out of work.