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Industrial Info Resources: DuPont to Cut 2,500 Jobs and 4,000 Contractor Positions, an Industrial Info News Alert SUGAR LAND, TX (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- On December 4, DuPont (NYSE: DD) (Wilmington, Delaware) announced plans to restructure the organization in order to reduce capital expenditure and increase cash flow. In a news release discussing the intended restructuring, DuPont stated, 'A steep global decline in construction and motor vehicle sales and consumer spending has resulted in declining industrial production, intensified by inventory reductions across most supply chains. These conditions have precipitated a sharp downturn in demand during the fourth quarter.' Market WireStocks slammed on jobs report Stocks tumbled Friday morning after the government reported the economy lost 533,000 jobs in November - the biggest monthly decline in 34 years. CNN MoneyU.S. Unemployment at 15-Year High The Labor Department says the U.S. economy lost more than a half million jobs in November. It was the steepest drop in nearly a quarter century. Figures show that 533,000 jobs were lost last month, pushing the unemployment rate to 6.7 percent. That's a 15-year high. It's proof the recession, already a year old, is getting deeper. NPROil falls on weak economy Oil prices continued to drop Friday after the government reported the largest number of monthly job losses since 1974. CNNProfits at Marston`s down by a fifth The pub group and brewer blamed a slowing economy, the smoking ban and poor summer weather for a 20 per cent drop in profits but said drinkers' growing preference for beer instead of lager helped its brewing operation FT.comBMW car sales crash by 25% as economy worsens Sales of BMW cars collapsed by more than 25 per cent in November, the luxury carmaker said today, as wealthy consumers around the globe responded to rapidly worsening economic news. vehicle sales... TelegraphADB Supports Cambodia`s Push to Diversify Economy (5 December 2008) - The Asian Development Bank is providing a loan and grant financing for a program that supports the Cambodian government's drive to expand the private sector and diversify its economic base beyond garments, tourism, and construction. adb.orgU.S. Non-Farm Payrolls Falls The Most Since 1974, Unemployment Rate Hits 15-Year High U.S. Non-Farm Payrolls fell the most in 34 years as the economy lost 533K jobs in November, which raised the total number of job losses in 2008 to 1.91M. Daily FXJitters hit global stock markets NEW YORK (Associated Press) - World markets were mostly lower Friday as caution ahead of a critical reading on the U.S. jobs market offset any optimism caused by major rate cuts Thursday by European c... bignewsnetwork.comMid-Day Report: Risk Aversion to Dominate after Exceptionally Poor Job Report from US and Canada Risk aversion is set to dominate the final session in the week after exceptionally poor employment report from US and Canada. Non-farm payroll report showed US economy lose -533k jobs in Nov, much worse than expectation of -340k, largest contraction in 34 years since 1974. Oct's number was revised further... actionforex.com1 2 3 |
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