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Thursday,
04 December 2008
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...
(Source: Reuters) read more...
Thursday,
04 December 2008
Treasury may set mortgage rates at 4.5% to boost sales
By Ronald D. Orol, MarketWatch WASHINGTON (MarketWatch) - The Treasury Department is contemplating a proposal that would cut mortgage rates for new loans for homes, according to the Wall Street Journal.
(Source: MarketWatch) read more...
Thursday,
04 December 2008
Private jobs report signals recession taking toll
By Burton Frierson NEW YORK (Reuters) - Private employers slashed an unexpectedly high 250000 jobs in November, the most in seven years, while third-quarter labor costs rose less than first thought, in the latest signs the job market is...
(Source: Reuters) read more...
Thursday,
04 December 2008
Googles free-wheeling research days wind down
The Wall Street Journal has artfully assembled a collection mostly-public indicators that Google is trying to rein in its expenses, but there are a few nuggets of note about the near-mythic company coming down to Earth.
(Source: CNET News) read more...
Thursday,
04 December 2008
FINANCIAL STOCKS Bulls outlast bears in Wednesday grudge match
By Greg Morcroft, MarketWatch NEW YORK (MarketWatch) - The financial sector bulls won a dramatic tug of war with the bears Wednesday, lifting financial stocks to a higher close as rising mortgage applications and comments from an...
(Source: MarketWatch) read more...
Thursday,
04 December 2008
Shareholders Flee Fortress
Stock tanks as publicly held hedge-fund company restricts withdrawals from some of its offerings. Fortress Investment Group pulled up the portcullis on its Drawbridge funds Wednesday, but its stock is under seige.
(Source: Forbes) read more...
Thursday,
04 December 2008
Activision inks deal with Microsoft unit
Activision Blizzard Inc. has signed a deal with Microsoft Corp. subsidiary Massive Inc. allowing Massive to provide a platform for dynamic, in-game advertising for 18 of Activisions titles, including Guitar Hero: World Tour and James...
(Source: Bizjournals.com) read more...
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- State Street to cut up to 1800 jobs
- Vikings react to suspensions of Williams Wall
- Union concessions may improve prospects for auto bailout
- Financial industry pushes for lower mortgage rates
- Adobe issues disappointing outlook, will cut jobs
- Fed paints dreary economic picture
- Neuberger Team Wins Bid for Lehman Unit
- Freeport to Cut 20% of US Staff Amid Metals Rout (Update1)
- French power company in hunt for Constellation
- UBS: More former executives forgo pay, bonuses
- ArcelorMittal May Cut 9000 Jobs Across the World (Update3)
- Black Friday At Toys R Us
- Obama Says Thanksgiving Comes During a ‘Time of Great Trial’
- OPEC Has All Options Open, Including Cut, Libya Says (Update2)
- GM Said to Study Shedding Saturn, Saab, Pontiac to Win US Aid
- Ford Resists Change to Mulallys Pay
- European, Asian stocks higher despite gloomy data
- Town officials wary of casinos alcohol proposal