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Friday, 23 January 2009 - Jan 22 Roundup Of Highlights Of Low Points In The U.S. Economy
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • China bans electro-shock therapy for Internet addicts | Technology | | 14 July 2009
  • Earthquake shakes Taiwan, no reports of damage | International | | 8 December 2008
  • Rio Tinto calls off massive Chinalco tie-up | 5 June 2009
  • Review: Met stages dark, powerful new 'Carmen' | 2 January 2010




    Home  |  News Briefs  |  U.S.  |  World   |  Celeb Buzz  |  Entertainment  |  Sports  |  Business  |  Health  |  Sci / Tech  |  Politics  |  Weird & Offbeat     Jan 22 Roundup Of Highlights Of Low Points In The U.S. Economy January 22, 2009 12:34 p.m. EST Linda Young - AHN Editor Washington, D.C. (AHN) - Bad economic news for the U.S. continued on Thursday with first time jobless claims for the week ending Jan. 17 rising to 589,000 and additional companies announced job cuts today. A mixed bag of entities announced plans to layoff workers including companies that are posting profits, companies struggling to stay open while posting losses, the state of Maryland and a school district in New York. Today's bad news indicated the nation's economy continues to grow worse. Along with news of additional layoffs on top of the last week's increase in jobless claims, the number of Americans who continue receiving unemployment compensation also rose. It now stands at a whopping 4.6 million, which was above predictions by analysts of 4.55 million. President Barack Obama put in his second full working day since being sworn in and methodically worked on the long list of problems his administration inherited from the Bush administration. With the federal government operating largely on borrowed money it pays interest on, Obama announced he was freezing the pay of his senior staff members earning more than $100,000 a year. Here is a round up of some of the low points in the nation's economy for Jan. 22. Merrill Lynch filed a report with the Securities and Exchange Commission revealing that client withdrawals in the fourth quarter of 2008 jumped to $10 billion from $3 billion in the third quarter. The withdrawals were happening as the Bank of America was completing its acquisition of Merrill Lynch. Microsoft Corp. announced planned layoffs of 5,000 employees over the next 18 months. It is the first time since Redmond, WA-based Microsoft began in 1975 that it has laid off employees. Microsoft officials blamed loss of revenue for the layoffs, citing an 11 percent plunge in profits for the second-quarter of 2008. It said the layoffs will save the company $1.5 billion amid falling revenues and earnings. Maryland's Gov. Martin O'Malley announced he will lay off 700 state workers and slash programs in an attempt to close the state's $2 billion shortfall in revenues. The move becomes the first time in decades that a Maryland governor has proposed budget decreases from the previous year. Despite those measures, O'Malley is also relying on $350 million in federal aid, which the state expects to recieve in July, to help close this year's budget deficit. But the measures the governor is taking now won't be enough to solve the state's budget woes forever, the state will still face a projected $713 million shortfall a year from now. Aircraft maker, Wichita, KS-based Hawker Beechcraft is warning employees to prepare for an unspecified number of layoffs within the next few weeks that will affect every area and level. Company officials reportedly plan to finalize details of the layoffs within the next few weeks and say they are trying to minimize the impact on employees and their families. These job losses are in addition to 500 layoffs there last year. Plano, TX-based employees of Sweden-headquartered LM Ericsson are being warned that they will share in planned job cuts that come despite the company posting a 16 percent increase in profits for the fourth-quarter of 2008. Company officials say that no one location around the world will suffer the brunt of the 5,000 layoffs. The company employs 78,000 worldwide, with 2,163 in Plano and says it will cut 1,000 of 20,000 jobs in Sweden, with the rest at undisclosed locations. Ericsson officials said the ongoing recession in numerous countries made it necessary to cut costs to protect the company. The layoffs will save the company about $1.9 billion by the second half of 2009. Ericsson officials say they will continue hiring in countries where its business is expanding. Home furnishings retailer Williams Sonoma announced late Wednesday that it plans to cut 1,400 jobs. The San Fransisco, CA-based company blamed the economy and said it will cut the jobs by the end of the month and also close a call center. Diesel engine-maker, Columbus, IN-based Cummins Emission Solutions (NYSE: CMI) says it will cut 180 jobs when it shutters its Wautoma, WI, plant at the end of March. The company makes emission-control devices for the company's diesel engines there. Earlier, the company announced it would layoff 800 employees worldwide by the end of February and freeze wages for 2009. And even the nation's schools don't offer job security in this recession that began in December 2007. Officials with the Burnt Hills-Ballston Lake School District in New York announced they will send letters to 40 employees in February telling them that their jobs are either being eliminated or reduced. And at least two other school districts in that state are reportedly rumored to be considering layoffs of school district employees as well. Copyright © 2003 - 2009 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Home  |  News Briefs  |  U.S.  |  World  |  Entertainment  |  Sports  |  Business  |  Health  |  Sci / Tech  |  Politics  |  Weird / Offbeat   © 2009 AHN Client Login  |  Submit News  |  Privacy Policy  |  Terms of Use  |  Contact  |  Content Services    All Rights Reserved

    Other News on Friday, 23 January 2009
    US envoy in Iraq warns against hasty withdrawal
    Irish woman jailed for incest, abuse of children | International |
    Gates says Iraq meeting was start of process
    Croatia hails EU initiative to resolve border row with Slovenia
    Army: Negligence caused soldier's electrocution
    Microsoft still interested in : Ballmer
    "Columbo" Star Peter Falk's Wife Blocks His Adopted Daughter's Bid For Conservatorship
    Nazi forced labourers recount ordeal online
    Turkish police detain 30 more in coup probe | International |
    AP: Iraq forced to cut spending as oil price falls
    Nazi forced labourers recount ordeal online
    Ty Pennington Offering $10K Reward For Information On Hit-And-Run Accident
    Global banking losses to hit 3.6 trillion dlrs: Roubini
    Iraq ready for US troop cutback
    Diane Keaton, Michelle Pfeiffer, Sandra Bullock And Mandy Moore Team Up To Sue Online Electronics Peddlers For Unauthorized Use Of Their Images
    Israeli PM says war could speed soldier's freedom
    RIM execs face record fines for options backdating: media
    Iranian AIDS doctors get several years in jail
    Al Pacino Film "Righteous Kill" Sues Watchmaker For Non-Payment Of Product Placement Fee
    Nokia profits slump, cuts industry outlook
    At least 100 killed in Sri Lanka shelling: official | International |
    Palestinian girls tell grim stories of survival
    Microsoft to cut up to 5,000 jobs as earnings fall
    Blogger indicted for spreading falsehoods on S Korean financial crisis
    UN welcomes green initiative in stimulus packages
    China brushes aside questions over censorship of Obama speech
    Microsoft to cut up to 5,000 jobs
    Nokia profits slump, cuts industry outlook
    Microsoft stuns with profit miss, job cuts | Technology |
    US refuses Chinese demand for Guantanamo prisoner return: official
    Obama keeps BlackBerry, after all | Technology |
    Afghanistan and India unveil strategic road
    House panel clears $3 billion for Internet, wireless | Technology |
    China sentences two to death over tainted milk
    Obama signs death warrant for Guantanamo
    Sri Lanka seize rebel command centre amid heavy fighting
    Panel clears Geithner for full U.S. Senate vote
    Indonesia to repatriate 193 boat migrants
    Chinese official visits NKorea, prospect of Kim appearance
    New game genre taps into players' creativity | Technology |
    Obama orders closure of Guantanamo Bay prison camp
    Pakistan questions terror suspects
    NATO: Aid needed for Afghan war
    Pakistan arrests man linked to 2005 London bombs
    Lack Of Customs Agents Keeps Passengers Aboard Diverted Flight For Four Hours
    UN welcomes green initiative in stimulus packages
    Former Merrill Lynch CEO Resigns From Bank Of America
    TJX Cos. Thanks Customers With Nationwide One-Day Sale, 15% Discount
    President Obama Orders Guantanamo Closed
    Jan 22 Roundup Of Highlights Of Low Points In The U.S. Economy
    Poll: Americans Split Over Obama's Plan To Shut Down Guantanamo
    Hillary Gets Warm Welcome At State Department On First Day As Secretary
    Liberia signs 2.6 billion dollar mining deal with China Union
    Just a Minute With: Chris Rock on his Good Hair | Entertainment |
    Geithner assails China as Treasury confirmation moves closer
    India's Reliance Industries Q3 profit down nearly 10 pct
    Oscar voters fail to make Clint Eastwood's day | Entertainment |
    NY exhibit On the Money finds humor in boom, bust | Entertainment |
    Future still unwritten for Punk legends | Entertainment |
    Dita von Teese back at Paris revue | Entertainment |
    Exactly 1 year after death, Ledger's legacy grows
    "Spore" computer game evolving
    'Waltz with Bashir' won't be screened in Lebanon
    Disney-ABC reorganization expands McPherson role
    NY exhibit "On the Money" finds humor in boom, bust
    "Benjamin Button," "Slumdog" lead Oscar nominees
    Washington Post launches "who's who" in government website
    Luanda breathes new life into once-rusty Iron Palace
    Dita von Teese back at Paris revue
    Future still unwritten for Punk legends
    Rock's provocative look at blacks and their hair heats up Sundance
    Israel to open Gaza Strip crossing to journalists
    US-TECH Summary
    U.S. to set concrete, near-term Afghan goals: Gates | International |
    They Wuz Robbed!
    Crisis-hit Iceland heads for early election | International |
    US unemployment spikes, housing crisis deepens
    House panel backs $3 billion Internet stimulus
    U.S. ambassador sees no sudden pullout from Iraq | International |
    IBM tool helps companies cut costs and emissions
    New game genre taps into players' creativity
    Obama keeps BlackBerry e-mail device, after all
    50 sperm whales beached off Australian island
    US diplomat walks out on Bolivia's Morales
    Sri Lanka troops allegedly kill 30 in 'safe zone'
    Gates says Iraq meeting was start of process
    Strong quake hits Indonesia
    Obama lays out vision for Middle East peace
    Google profit beats on strong ad sales | Technology |
    Obama names top envoys to Mideast, Afghanistan, Pakistan
    IBM tool helps companies cut costs and emissions | Technology |
    Diving consumer demand hits technology firms | Technology |
    Wall Street Closes Lower On Jobs Data, Microsoft News
    Obama Staffers Try To Adjust To Less Tech-Savvy White House
    S.Korean T-bond futures down ahead of holiday
    Toyota may cut more than 1,000 jobs in NAmerica, Britain: report
    Nippon Steel to cut output by 15 percent: report
    Seoul shares open down; Samsung Elec, KT fall
    War, immigration, politics mark foreign Oscar picks | Entertainment |
    Milk screenwriter straddles two clashing worlds | Entertainment |
    Hayden Panettiere's dad gets probation for assault | Entertainment |
    Obama Staffers Struggle To Adjust To Lack Of Technology In White House
    US-ENTERTAINMENT Summary
    Hayden Panettiere's dad gets probation for assault
    Winning posthumous acting Oscar not easy
    Hayden Panettiere's dad pleads to battery
    Studios with multiple Oscar nominations
    Oscars odds, ends, facts and figures
    A tangled triangle unravels in 'The American Plan'
    A father and son talk fitfully in `Sixty Miles'
    "Milk" screenwriter straddles two clashing worlds
    Carter Center auction in Fla. to raise funds
    Israel rules out opening Gaza border if Hamas gains | International |
    Happy with wartime leaders _ and Netanyahu, too
    Obama says Pakistan, Afghanistan require wider strategy
    Spain arrests suspected leaders of ETA political wing: report
    China parents press demands in wake of milk sentences | International |
    Samsung posts loss as diving demand hits tech firms
    Japan launches satellite to track greenhouse gases
    Congo rebel Nkunda arrested: Rwanda-Congo military | International |
    Obama wins first battle -- to keep BlackBerry
    Obama steps up anti-recession offensive
    Pakistani newlyweds live in fear of honor killing | International |
    freezes employee salaries
    Castro writes of death, illness in latest column | International |
    North Korea's Kim well enough to meet foreign visitor | International |
    Taiwan wins landmark access to WHO amid China thaw | International |
    Samsung posts loss as diving demand hits tech firms
    Japan launches satellite to track greenhouse gases
    Castro says he won't outlive Obama's term in office
    Polynesians originated in Taiwan 5,200 years ago: study
    Microsoft stuns with profit miss, job cuts | Technology |
    Thai PM heads to Laos for first official overseas visit
    Jailed Myanmar monk goes on hunger strike
    Google profit beats on strong ad sales | Technology |
    NKorea's Kim meets Chinese envoy: state media
    Afghan president welcomes order to shut Guantanamo
    3 Filipino militants get life for 2000 bombings
    Sri Lankan editor attacked
    House Republicans File Bill Banning Release, Transfer Of Gitmo Detainees Into U.S.
    SKorea blaze clouds nomination of new police chief
    Thousands Attend 'March For Life' Rally In D.C. To Mark 36th Anniversary Of Rule Legalizing Abortion
    Gunmen abduct 3 Filipino teachers
    Pakistani Mulls Lawsuit Against U.S. Government For 6-Year Gitmo Detention
    NKorea's Kim Jong Il meets with Chinese official
    Philippines property group says buying two local AIG units
    HK firm agrees to buy back Lehman investments
    Sony stock tumbles after forecasting annual loss
    Nippon Steel cuts production on auto demand fall
    Asia-Pacific air travel fell 1.8 percent in 2008
    Seoul shares fall on techs; Samsung, LG Elec slide
    Toyota may cut 1,000 jobs in N.America, Britain: report
    GDP growth declines in China's Guangdong province
    Obama sets stage for likely trade war with China
    Samsung posts first-ever quarterly loss
    Benjamin Button, Slumdog lead Oscar nominees | Entertainment |
    Mixed feelings for Ledger's family | Entertainment |
    Oscar nominations come in tough week for Hollywood
    US Senate passes wage discrimination bill
    Actors union loses support for strike vote
    Hint of hard times at Paris men's fashion week
    Child matador bullfight suspended in Mexico
    Soothsayers see no bull run in Year of Ox
    Handwritten Lincoln speech to be auctioned at top price
    CNN online traffic tops on Inauguration Day
    Dudamel brings fresh approach to L.A. Philharmonic
    Bus driver sued in crash that killed Dottie Rambo
    Doctors Cut Hands, Feet Of Model With Septicemia
    War, immigration, politics mark foreign Oscar picks | Entertainment |
    Milk screenwriter straddles two clashing worlds | Entertainment |
    Oscar nominations come in tough week for Hollywood | Entertainment |
    Oscar voters fail to make Clint Eastwood's day | Entertainment |
    Dudamel brings fresh approach to L.A. Philharmonic | Entertainment |
    Gunmen kill family, including six women, in Iraq
    Suspects arrested over German embassy Kabul bomb
    Britain in recession, data confirms
    German chipmaker Qimonda files for insolvency: court
    China says 19 nationals freed from Myanmar kidnap | International |
    Israel names justice minister to fight war crime charges
    Warning strikes against Germany's Lufthansa: airline
    Mobile phone market to shrink in 2009
    World stocks slide
    Russia and Georgia must probe war crimes, watchdog says | International |
    Gunmen kill family in Iraq | International |
    Five dead in Pakistan's Swat | International |
    Key Ukraine meeting on Russia gas deal postponed | International |
    Japan launches rocket with greenhouse-gas probe
    Obama names peacemakers to hotspots
    US soldier dies when vehicle rolls over in Iraq
    Mobile phone market to shrink in 2009 | Technology |
    Japanese learn English using Obama speeches
    Rights group: Thais abandoned migrants at sea
    Rights group: Tiananmen prisoner held in hospital
    NKorea's Kim Jong Il meets with Chinese official
    TV Network Speculates Kirsten Gillibrand Is Paterson's Choice To Replace Clinton In Senate
    Djokovic, Roddick roll on at Aussie Open tennis
    More Bank Mergers Foreseen As Small Banks Report Q4 Losses
    Suicide bomber kills 2 in northwest Pakistan
    Fears for 126 Rohingya rise as Thais deny holding them
    India PM to undergo bypass surgery
    Taiwan's ASE plans buyback worth up to T$4.85 bln
    HK firm agrees to buy back Lehman investments
    Taiwan dlr falls to 4-year low on data, c.bank
    Japan's KDDI says 9-month profit rises 18.2 pct
    Bridgestone says to shed 800 workers in US
    Hanwha threatens legal battle to recover deposit from KDB
    Japan stocks fall on dire Microsoft, Sony results
    Indonesia Islamic body to mull ban on smoking and yoga
    Iraq repeats pledge to close Iran opposition camp
    Russia says ready to work with U.S. on Afghanistan | International |
    Amnesty probes Israel's use of white phosphorus in Gaza
    War boosted extremists in Gaza, says U.N. official | International |
    Three die in Belgian child care center attack | International |
    Microsoft leaves many sleepless in Seattle
    Iraqi PM urges strong election turnout despite violence
    Obama warns crisis must be dealt with rapidly
    Sudan violated international law in Darfur raid: U.N. | International |
    Larry Birkhead And Howard K. Stern Team Up To Discredit Anna Nicole Smith Tell-All Book Informants
    Ring of fire: Indian Ocean to see solar eclipse
    Congo's Nkunda arrested in Rwanda awaiting extradition
    Learjet Responds To Travis Barker's Plane Crash Negligence Suit
    US to carry out first human stem cell trials
    SAG Wants To Avoid Strike Vote
    Nine dead in suspected U.S. strikes in Pakistan | International |
    Hayden Panettiere's Dad Receives Two Years Probation Following No Contest Plea To Hitting Wife
    Cuba's Fidel Castro in first photo since November | International |
    British 'hacker' wins right to fight extradition to US
    Indonesian police say 2 killed in train collision
    Thailand meets regional ambassadors over refugee issue
    Australian rescuers try to save 7 beached whales
    Oil pares losses on evidence of OPEC supply cuts
    Microsoft leaves many sleepless in Seattle | Technology |
    Ishikawa's dream closer to reality with surprise Masters invite
    Indian PM in hospital for heart surgery
    Nine dead in suspected U.S. strikes in Pakistan
    Obama keeps BlackBerry, after all | Technology |
    Reports: NKorea's Kim meets Chinese official
    China welcomes Britain's call for closer ties
    Ivanovic crashes out, Jankovic battles on at Aussie Open
    Confirmation Of Attorney General-Designee Eric Holder Still Unclear After Meeting With Republican Leader
    Geithner signals tougher stance on China
    Norm Coleman Assures Supporters But Gets New Job While MN Senate Race Drags On
    Thai economy set to grow by zero to 2.0 percent in 2009: central bank
    California To Get $4.5 Billion Under House Stimulus Plan
    Upstart challenges Chinese state TV New Year show
    Civil Liberties Group Lauds Closure Of Guantanamo As Republicans Issue Warnings
    AB InBev sells 20 pct Tsingtao stake to Asahi
    New York Unemployment Rates Up Triggering Extension Of Benefits
    Illinois Gov. Rod Blagojevich Will Not Sue To Stop Impeachment Trial
    Intel tells Filipino workers about factory closure
    Samsung Electronics reports first quarterly loss
    Kentucky, West Virginia Log Highest Smoking-Related Deaths
    Nashville, TN Voters Reject English-Only Ballot Measure
    Accident In New York's Chinatown Kills 2 Toddlers, Injures 15 Children, Adults
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    Dudamel unveils LA Phil's 2009 concert season
    Newly-found Mozart score to debut in France
    Franz Ferdinand back with surprise new album
    SKorean court overturns ban on 'Shortbus' film
    'Italian Job' cliffhanger conundrum solved
    Oscar nominee in running for French award
    Dudamel unveils LA Phil's 2009 concert season
    Bollywood's Bachchan apologises to 'Slumdog' director
    Haute couture tightens belt in global crisis
    Lost Mendelssohn works airing before 200th b-day
    Televisa wins concessions in Univision settlement
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
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    AMD Trinity Accelerated Processing Units Now in Volume Production
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