Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over executive pay caps…
ADP released its own "pre-unemployment number" again for January, and the jobs lost aren’t expected to be pretty. The payroll company estimates that the US private sector lost some 522,000 jobs in January. So…
After the market closed on Friday, Cliffs Natural Resources, Inc. (NYSE:CLF) announced that it was closing its Pinnacle Mine in West Virginia for the month of February. About 360 employees "will be affected." The…
More and more companies are either suspending or killing their share repurchases and stock buyback plans. Some are doing it to conserve cash in a much harder operating environment. But many companies have figured…
If you were hoping for more lighthearted or feel good numbers on the economic front, you might have to look elsewhere this morning. The weekly jobless claims data were awful again,and durable goods orders…
That Baker Hughes Inc. (NYSE:BHI) this morning reported better-than-expected results for its fourth quarter shouldn’t really be a surprise. When Halliburton Company (NYSE:HAL) and Weatherford International Limited (NYSE:WFT) reported results, the market got its…
Target Corp. (NYSE: TGT) has just confirmed the layoffs we and other reports discussed earlier today. As we expected, this is a very small number of jobs, and it appears to be more corporate…
Target Corp. (NYSE: TGT) has confirmed that it plans to cut workers, but details are still not out. We have checked around and the cuts appear to be in the Minneapolis headquarters rather than…
Texas Instruments Incorporated (NYSE: TXN) has posted its fourth quarter results of $0.08 EPS on revenue of $2.49 billion. There are items here in the numbers and the company is very cautious ahead. First…
We have been tracking the layoffs and the weekly jobless claims to figure out what they mean for the economy. Just this morning we noticed many job cut announcements from companies.. Home Depot (NYSE:…
The Labor Department released its weekly jobless claims showing how many Americans have filed for new unemployment benefits. Consensus estimates according to Bloomberg was 610,000 for the week, although Dow Jones was only expecting…
Cerberus Capital Management was one of the top private equity firms any MBA graduate would have wanted as their career destination. But this week may mark another stark reminder that private equity is in…
Motorola Inc. (NYSE: MOT) must be the worst place to work in the entire mobile communications sector. It is one thing that the company is issuing yet another earnings warning . But the layoff…
You know times are more than tough when an industry’s leader is caught like a roach on its back. That is the position that Seagate Technology (NYSE: STX) finds itself in at the onset…
Boeing Co. (NYSE: BA) has decided that it wanted to get into the business of pink slips. The aerospace and defense giant announced that it plans to shed some 4,500 workers. The cuts are…