Sac Bee: Mass Layoffs On The Rise

Source: “Sacramento’s wave of lost jobs hits some harder than others”, The Sacramento Bee, July 14, A1

Source: “Sacramento’s wave of lost jobs hits some harder than others”, The Sacramento Bee, July 14, A1
Our business is even more relevant to our customers today, given the current economic pressures. – Lee Scott, CEO Walmart This is the Walmart Economy! I’ve been talking about this for a bit now (see, for example, “Dan Gross: Tough…
Source: “FHA Loans Soar In Sacramento Area”, The Sacramento Bee, October 3 Does anybody doubt that the FHA and Ginnie Mae, which guarantees FHA mortgage backed securities, will need a government bailout just like Fannie and Freddie?
While the recent price action has been docile, I believe we’re in the eye of the storm, a relative calm between the first phase of the financial crisis and the cumulative comeuppance that’ll flush — and perhaps reset — the…
The unemployment rate rose from 5.0 to 5.5 in May, and nonfarm payroll employment continued to trend down (-49,000), the Bureau of Labor Statistics of the US Department of Labor reported today. – May Jobs Report, BLS If Iran continues…
Yesterday (Monday) after the close, in its mid month sales update, Target (TGT) said that same store sales for December, on a comparable basis, would likely come in between -1% and 1% – below previous guidance (call 612-761-6500 for the recorded…
Earnings from operation in Hewlett Packard’s (HPQ) Services division grew 227% to $1,289 million from $567 million in the year ago period driven by the EDS acquisition completed on August 26, 2008. The year ago quarter ended July 31, 2008…