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Job losses slow to 247,000; jobless rate dips WASHINGTON (AP) -- Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months.... The Arizona RepublicActivision Blizzard Reports Q2 Profit, Beat Estimate; Cuts FY09 Revenue Outlook, Lifts Earnings View - Update Wednesday, video game publisher Activision Blizzard, Inc. (ATVI), reported a better than expected second quarter profit, driven by Activision Publishing's Prototype, Transformers: Revenge of the Fallen, X-Men Origins: Wolverine and the Guitar Hero and Call of Duty franchises, as well as Blizzard Entertainment's World of Warcraft. Revising its forecast for the full year, Activision cut its revenue outlook, raised GAAP earnings outlook and reaffirmed adjusted earnings. For the third quarter, the Activision expects revenues and earnings to come in below Street estimates. RTT News`Clunkers` Pile Up On Auto Dealer`s `Death Row` The federal government requires auto dealers to disable a vehicle's engine in order to get a refund from the 'cash for clunkers' program. Critics say the engine is the most valuable part of a junked car so destroying them is wasteful. NPRON Semiconductor reports loss in 2Q, narrows gap from 1Q ON Semiconductor Corp. reported a $3 million net loss in the second quarter as cost-cutting measures began to take hold and the industry began to firm up. Biz JournalGhiz, Monzel call for special session over Cincinnati layoffs Shortly after City Manager Milton Dohoney announced a plan to cut 319 city jobs, Council members Chris Monzel and Leslie Ghiz called for a special session of Cincinnati City Council. Biz JournalVideo: Post Office Lay-Offs? The U.S. postal service, one of the oldest institutions in America, lost $2.5 billion in the second quarter. To stop the bleeding, the postal service is considering drastic cuts. Nancy Cordes reports. CBS NewsGoogle sells radio ad business, buys On2 Technologies to aid YouTube Google has found a buyer for a radio advertising business it has abandoned, and said it is buying On2 Technologies, a provider of digital video compression technology, giving the Internet search leader a way to cut costs for its popular video-sharing site YouTube. Mercury NewsSurvey finds US job losses slowed in July US companies cut a worse-than-expected 371,000 jobs last month, but the haemorrhaging of jobs across the economy continues to slow FTAbitibiBowater looking to trim output: union Hundreds of jobs at stake as insolvent newsprint firm seeks to cut one million tonnes of capacity in Canada, union says The Globe and MailSanta Rosa newspaper to cut payroll 10% The Santa Rosa Press Democrat and the affiliated weekly Petaluma Argus Courier "must cut payroll by 10 percent next year to bring costs in line with lower ad sales," Publisher Bruce Kyse said in a Press Democrat story late Tuesday. Biz Journal1 2 3 4 5 |
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