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Adobe cuts jobs, lowers revenue outlook
SAN FRANCISCO (Reuters) - Adobe Systems Inc (ADBE.O: Quote, Profile, Research, Stock Buzz) on Wednesday lowered is revenue outlook and said it will eliminate 600 jobs, or around 8 percent of its workforce, due to the weak economy, sending its stock
Source: Reuters
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Tuesday, 06 January 2009
The Financial Page Cheat, Pray, Love
by James Surowiecki January 12, 2009 Along with slashed payrolls, rising foreclosures, and plummeting stock prices, 2008 brought another unwelcome development: a surge in...
(Source: New Yorker) read more...
Tuesday, 06 January 2009
McGraw-Hill Cuts 375 More Jobs
By KERRY E. GRACE McGraw-Hill Cos. said it cut an additional 375 jobs during the fourth quarter, primarily in its education business, putting the years reduction at 1045.
(Source: Wall Street Journal) read more...
Tuesday, 06 January 2009
Boston Scientific buys stent polymer maker
CHICAGO, Jan 6 (Reuters) - Boston Scientific Corp (BSX.N) on Tuesday said it acquired a privately held Irish company that has developed a biodegradable polymer for use with its...
(Source: Reuters) read more...
Tuesday, 06 January 2009
Lab Corp. Lowers Outlook
By KERRY E. GRACE Laboratory Corp. of America Holdings cut its 2009 earnings and revenue projections Tuesday as the economic downturn worsened in the fourth quarter.
(Source: Wall Street Journal) read more...
US calls for immediate, durable Gaza ceasefire » (Reuters)
International Gaza ceasefire plan taking shape » (Reuters)
No instant gratification in US stimulus plan » (Reuters)
Boston Scientific buys stent polymer maker » (Reuters)
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