Morgan Stanley cut 1,500 jobs this week: source
(Reuters)
15 hours agoReuters - Morgan Stanley cut 1,500 jobs
this week across its investment banking, trading and asset
management businesses, a person familiar with the situation
said Friday, a 5 percent reduction of non-broker employees.
Wall St ends flat as energy gains offset sentiment
(Reuters)
17 hours agoReuters - Stocks finished little changed on
Friday as surging oil prices lifted energy shares and offset
data that showed consumer confidence sank to its lowest in 28
years.
Consumers' mood as grim as early-80s
(Reuters)
17 hours agoReuters - U.S. consumer confidence tumbled to a
28-year low this month as rising prices strained household
finances, while another drop in single-family housing starts
underscored problems still plaguing the economy.
American Axle and UAW reach tentative agreement
(Reuters)
8 hours agoReuters - The United Auto Workers and American
Axle & Manufacturing Holdings Inc reached a tentative
contract agreement late Friday aimed at ending an 11-week-long
strike that had triggered thousands of layoffs and cost General
Motors Corp at least $1 billion.
Lehman Brothers job cuts to start next week: report
(Reuters)
19 hours agoReuters - Investment bank Lehman Brothers
Holdings Inc will begin cutting jobs starting next
week, CNBC Television reported on Friday, without citing
sources.
Quake Unlikely To Derail China's Economy
(Investor's Business Daily)
15 hours agoInvestor's Business Daily - While China grapples with the devastating May 12 earthquake in Sichuan -- now thought to have killed 50,000 people, leaving 5 million homeless and property damage at $20 billion -- the economic toll may be mild, analysts say.
SMFG posts big rebound, forecasts modest growth
(Reuters)
16 May 2008 at 4:55amReuters - Sumitomo Mitsui Financial Group (8316.T)
reported a threefold increase in fourth-quarter profit,
rebounding from massive losses at its consumer finance unit a
year earlier, and it forecast modest growth ahead.
Abercrombie profit edges up on sales increase
(AP)
17 hours agoAP - Teen retailer Abercrombie & Fitch Co. said Friday that its first-quarter earnings rose 3 percent from a year ago on stronger sales.
