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General Motors Corp. said Friday that it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand. ...more
December 13, 2008
General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand. ...more
December 12, 2008
Sony Corp. is slashing 4 percent of its worldwide work force, reining in spending and shutting plants as it tries to ride out a looming worldwide recession that is battering Japan's export-reliant manufacturers. ...more
December 10, 2008
The country's economic picture darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production. ...more
December 4, 2008
Today, Detroit automakers take a second run at Congress to persuade lawmakers to give them $25 billion in federal aid, but their agendas are diverging as they contemplate futures as drastically different car companies. ...more
December 2, 2008
Four grim economic reports released by the government Wednesday added up to a bleak overall picture of the slowing economy. ...more
November 27, 2008
Residents packed city council chambers to discuss their neighborhoods' redevelopment outlined in maps shaded canary yellow, burnt orange, hot pink and bright red. ...more
November 5, 2008
If there was anything certain about the federal bailout of the banking sector, it's that the venture would not stop at the banking sector. Giving out hundreds of billions of dollars in government assistance to one industry is like giving out free beer to the students in one corner of a college campus - it has a way of attracting a crowd. ...more
November 1, 2008
Stock in Jabil Circuit Inc. rose 30 cents Friday to $10.99 per share in a tough stock market as the company said net income rose almost fivefold compared with 2007, when it took restructuring charges. ...more
September 27, 2008
Stock in Jabil Circuit Inc. rose about 2 percent at midday to $10.90 per share in a tough stock market as the company said net income rose almost fivefold compared with 2007, when it took restructuring charges. ...more
September 26, 2008
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