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  Layoffs
Last updated: 12:37:59 Friday Nov 6, 2009


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  • Jobless rate tops 10 pct. for first time since '83
    WASHINGTON - The unemployment rate has hit double digits for the first time since 1983 - and is likely to go higher.   People:Mitch McConnell Barack Obama Ronald Reagan   Activities:2008 U.S. Layoff Crisis   2009-11-06

    British Airways to axe 1,200 more jobs
    LONDON (AFP) - British Airways revealed a quadrupling of net losses in its first half on Friday, and axed an extra 1,200 jobs in an "essential" cost-reduction programme.   Source:(AFP)   2009-11-06

    October sales offer relief to merchants
    NEW YORK - Consumers, looking to outfit themselves for cooler weather and enticed by an improving economy, spent a little more in October, handing the retail industry its second consecutive monthly sales gain after more than a year of declines.   Activities:2008 U.S. Recession   Source:(AP)   2009-11-05

    Stanley Works tool maker to buy Black & Decker
    CHICAGO - The tool maker Stanley Works is buying rival Black & Decker Corp. for $4.5 billion, the two companies said Monday, uniting two of their industry's most iconic brands.   Source:(AP)   2009-11-02

    Obama: Hiring last to come as economy rebounds
    WASHINGTON - As the prospect of double-digit unemployment looms, President Barack Obama on Monday sought to set expectations for the nation, saying job losses will likely roll on "for weeks and months to come" because hiring always lags behind in an economic rebound.   People:Barack Obama   Activities:2008 U.S. Layoff Crisis 2008 U.S. Recession   Source:(AP)   2009-11-02

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