Porsche feels the global economic crisis

Porsche Automobil Holding SE, announced today that due to the global economic ciriss, the company’s sales have dropped by 14.3 per cent. Share

Kodak to cut jobs amid unexpected loss

Eastman Kodak Company (NYSE:EK) announced Friday a fourth quarter net loss of $137 million Share

London Underground to cut 1,000 jobs

London Underground which manages the city’s subway system is cutting 1,000 jobs. Share

Starbucks cutting jobs, closing more stores

On Tuesday we reported on Starbucks rumoured to cut more jobs. Wednesday it was official: 6,700 jobs must go. Share

Boeing to cut 10,000 jobs

The Chicago-based aircraft giant Boeing Co. (NYSE: BA) announced Wednedsay it will cut 10,000 jobs Share

Spain enters first recession in 15 years

Spain has officially joined the list of nations in recession. Spanish gross domestic product contracted 1.1 percent Share

Home Depot to slash 7,000 jobs

Home Depot, one of the largest retailers in home improvement products, announced Monday that it is shutting down Share

Crisis may claim 50 million jobs in 2009

According to the International Labour Organization, in its annual Global Employment Trends report (GET) global unemployment in 2009 could increase over 2007 by a range of 18 million to 30 million workers, and more than 50 million if the situation continues...

Yahoo reports losses of $303.4 million

Yahoo Inc. (YHOO), has reported a loss in the fourth quarter of $303.4 million as the economic downturn hit sales of online ads. Share

Spain’s Santander settles $1.8 billion to Madoff Victims

Banco Santander, the largest bank in Spain has offered to pay private banking clients 1.38 billion euros ($1.8 billion dollars) for money lost in the alleged Ponzi scheme of Bernard Madoff. Share