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Report blames U.S. trade gap for 5.6 million lost jobs

By JEANNINE AVERSA, AP Economics Writer 7 minutes ago

Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession.

The Labor Department's fresh snapshot, released Friday, also ( Read more... )

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Bailout passes Senate, House foes soften
Bailout gets failing grade at NYU
Liquid Evaporation: U.S. Funding Frenzy

Stocks extend declines on drop in factory orders

By TIM PARADIS, AP Business Writer 2 minutes ago

Stocks are extending their losses after a report showed demand at the nation's factories has fallen to its ( Read more... )

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HSBC cuts 1,100 investment banking jobs


The government seizes Washington Mutual, then sells its banking assets to JPMorgan Chase

WaMu becomes biggest bank to fail in US history

By MADLEN READ, AP Business Writer1 hour, 12 minutes ago

As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks - ( Read more... )

By MAE ANDERSON, AP Business WriterWed Sep 24, 4:50 PM ET

Apparel maker Hanesbrands Inc. said Wednesday it will close nine plants across five countries and cut about 12 percent of its work force as it restructures its operations in order to cut costs.

The moves will eliminate the jobs of about 8,100 workers in the U.S. and Central ( Read more... )

By CHRISTOPHER S. RUGABER, AP Business Writer 2 minutes ago

New claims for unemployment benefits jumped last week to their highest level in seven years due to the impact of a slowing economy and Hurricanes Ike and Gustav, the Labor Department reported Thursday.

The department said new requests for jobless benefits for the week ending ( Read more... )

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Ebay "deteriorating" - mass layoffs expected


HP to cut 24,600 jobs as part of EDS integration
By JORDAN ROBERTSON Associated Press
Sept. 15, 2008, 4:54PM

Hewlett-Packard Co. said today it plans to slash 24,600 jobs over the next three years, nearly 8 percent of its work force, as it combines operations with Electronic Data Systems Corp., the ( Read more... )

A reader responds to, " The End of the American Empire ,"

(Anonymous) wrote:

Sep. 15th, 2008

For those who want to make a buck on the market, read and pass this on.

The collapse of the financial markets is the result of one thing and one thing only, American job losses. You can listen to politicians and the media spin this all you want but the collapse ( Read more... )

Update
Deal or No Deal? Merrill Buy May Not Fly

Related
Merrill/Bank of America Will Fire 20,000 plus

Wall Street awakes to 2 storied firms falling

By JOE BEL BRUNO, CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER, AP Business Writers 1 minute ago

When Wall Street woke up Monday morning, two more of its storied firms had fallen.

Lehman ( Read more... )

Reports: Ford says it wants 4,200 fewer workers

By Tom Krisher, AP Auto Writer
DETROIT - Ford Motor (F) has said that it wants to cut its blue-collar work force by another 4,200 employees, according to a person briefed on a presentation to union officials.

The struggling automaker is offering buyout and early retirement packages at manufacturing ( Read more... )

Unemployment at a 5 Year High

by: fladem

Fri Sep 05, 2008 at 12:25

While we all obsess about poll numbers and convention bounces, we should remember that elections are usually decided on fundamentals like the economy. So this morning comes news that Unemployment has reached a 5 year high. We have now lost jobs in each of the last 8 months. As ( Read more... )