Sep 20, 2012 Bank of America is accelerating plans to cut costs by laying off workers. According to the Wall Street Journal, the bank has set a target of cutting 16,000 jobs by the end of this year -- about 6 percent of the bank's workforce.
Sep 19, 2012 Between disgruntled union workers and thousands of layoffs, yet more American Airlines flights are being cancelled or delayed. Should travelers avoid the bankrupt carrier?
Sep 6, 2012 According to job placement firm Challenger Gray & Christmas, the number of planned layoffs at U.S. companies dropped 37 percent from a year ago.
Aug 15, 2012 Shares in the office supply store Staples are down 15 percent this morning after the company said its sales dropped 5.5 percent last quarter. Meanwhile, the discount retailer Target said it made a $700 million profit last quarter
Heidi N. Moore
Aug 13, 2012 Google announced this morning it will lay off 4,000 people. They're all employees of Motorola Mobility, which Google recently bought.
Aug 9, 2012 The big defense contractors -- including Lockheed Martin and Pratt & Whitney -- say they may have to send out mass layoff notices to their employees in a few months. That's because they're worried that hundreds of billions of dollars in expected cuts to the Pentagon's budget will have a big effect on them.
Aug 7, 2012 As more people find work where there are jobs to be found, fewer workers are needed in state unemployment offices.
Jul 31, 2012 Pfizer seems to be weathering the loss of its patent for Lipitor just fine. The drug company says its second quarter profit jumped 25 percent. That's despite lower revenue, and competition from generics for its cholesterol-fighting blockbuster.
Jul 31, 2012 The British oil company BP is reporting a sharp drop in profits. The company made just $238 million last quarter, compared with more than $5 billion a year ago.