"Forecasters see more job losses ahead" by ASSOCIATED PRESS | January 26, 2009
WASHINGTON - It's shaping up to be another lousy year for workers....
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"U.S. business climate worst in 27 years
WASHINGTON (Reuters) - U.S. firms are experiencing the worst business conditions in 27 years as the year-long recession worsens, a survey showed on Monday.... The survey found that labor market conditions deteriorated sharply in late 2008....
Job losses were expected to continue in the first half of 2009, with most of the layoffs seen in sectors such as good-producing, finance, real estate, transport, utilities and communications....
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"Caterpillar says to cut 20,000 jobs
CHICAGO (Reuters) - Caterpillar Inc said on Monday that quarterly earnings fell more than 32 percent and warned of a tough year ahead as the downturn that began in the United States metastasized into a full-blown global recession that hit sales of its earth-moving equipment.
The company also warned that profit in 2009 would be under severe pressure and said that it would cut about 17,000 workers and buy out 2,500 others, to reduce costs in the face of what it predicted would be the weakest year for business since the end of World War Two....
The company reported a fourth-quarter profit of $661 million....
Oh, they STILL MADE $660 MILLION in the last QUARTER, huh?
HOUSTON --Oilfield services provider Halliburton Co. said Monday its fourth-quarter profit fell 32 percent from a year ago as earnings were diminished by a potential settlement of corruption charges with the Department of Justice. But the results topped Wall Street forecasts.
Halliburton Co., which has corporate headquarters in Houston and Dubai, said its net income in the October-December period fell to $468 million....
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