Analyst raises 2009 estimate for State Street (AP via Yahoo! Finance)
Shares of State Street Corp. rose Thursday afternoon, as an analyst increased his 2009 earnings estimate and a day after the financial services firm said it would reduce costs by cutting 6 percent of its staff. |
Financial Industry Layoffs Top 150,000 Since September (Wall Street and Technology)
Credit Suisse and Nomura Holdings announced big job cuts on Thursday, further evidence the global financial crisis is unrelenting for an industry battered by heavy losses and weak markets. |
Job Cuts Picking Up Steam Just in Time for Holidays (CNBC via Yahoo! Finance)
These will be decidedly unhappy holidays for hundreds of thousands of workers who won't have jobs thanks to the steep economic downturn and the financial crisis |
BofA job-cut total coming ‘soon' (The Charlotte Observer)
(By Christina Rexrode, crexrode@charlotteobserver.com) Bank of America Corp. chief executive Ken Lewis said Wednesday the Charlotte bank is in the “final stage of our analysis” for planned job reductions in its purchase of Merrill Lynch & Co. “We'll have something pretty soon,” he told the Observer before the Charlotte Chamber's annual economic conference. A spokesman put it at “early in ... |
Nomura to cut up to 1,000 workers in London (International Herald Tribune)
The Japanese brokerage house Nomura Holdings said it would axe up to 1,000 staff in London in its first big job cuts since it bought parts of failed Lehman Brothers, adding to a wave of layoffs in the global financial industry. |
BofA job-cut total coming ‘soon' (The Charlotte Observer)
Bank of America Corp. chief executive Ken Lewis said Wednesday the Charlotte bank is in the “final stage of our analysis” for planned job reductions in its purchase of Merrill Lynch & Co. “We'll have something pretty soon,” he told the Observer before the Charlotte Chamber's annual economic conference. A spokesman put it at “early in 2009.” Lewis declined to comment on a CNBC report that said ... |
Nomura says to cut up to 1,000 staff in London (Reuters via Yahoo! News)
Japanese brokerage house Nomura Holdings Inc (8604.T) said it would axe up to 1,000 staff in London in its first big job cuts since it bought parts of failed Lehman Brothers, adding to a wave of lay-offs in the global financial industry. |
UPDATE: DuPont Projects 4Q Loss, '09 Outlook Below Estimates (Nasdaq)
DuPont Co. (DD) sharply reduced its financial targets Thursday and announced a big round of job cuts, the latest evidence of the steep downturn facing the chemicals sector overall amid the weakening economy. |
AT&T, DuPont and Viacom announce job cuts (International Herald Tribune)
More than a million people in the United States have lost their jobs this year as the economic slump deepens, bringing the amount of people collecting jobless benefits to a 26-year high as November. |
AT&T to cut 12,000 jobs, 4 percent of staff (Fort Worth Star-Telegram)
By BARBARA ORTUTAY Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force. The Dallas-based telecommunications company, the nation's largest, said the job cuts will begin this month and run throughout 2009. The company also plans to lower its capital spending next year, and one analyst estimates ... |
Financial Analyst "
