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Can Eaton Outrun the Recession?
While the bailout of the auto industry garners most of the headlines these days, the woes of the U.S. manufacturing sector extend far beyond Detroit.
Nations:U.S. People:Warren Buffett Source:(BusinessWeek)
2009-01-06
Job losses mount as economic picture worsens
WASHINGTON - Record numbers of homeowners are falling behind on mortgage payments and the U.S. economy is losing jobs at an alarming rate with companies big and small slashing their work force.
Nations:U.S. People:Henry Paulson Nancy Pelosi Ben Bernanke Barack Obama George W. Bush Activities:2008 U.S. Recession
2008-12-06
Employers cut 533K jobs in Nov., most in 34 years
WASHINGTON - Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.
Nations:U.S. People:Henry Paulson Nancy Pelosi Ben Bernanke Barack Obama Activities:2008 U.S. Recession
2008-12-05
Employers announce a combined 20,000 jobs cuts
A round of more than 15,000 layoffs announced Thursday by AT&T Inc., DuPont and Viacom Inc. suggests a yearlong wave of job cuts is accelerating, just as the government is expected to report a higher unemployment rate for November on Friday.
Activities:2008 U.S. Recession
2008-12-04
Market ends lower, Dow on cusp of bear market
NEW YORK (Reuters) - Stocks fell on Friday, pushing the Dow to the brink of a bear market, hounded by concerns that record oil prices and the seemingly endless credit crisis will further damage the economy.
Activities:U.S. Markets
2008-06-27
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