lay-offs

UAL is expected to announce today that it will "buy" Continental in a transaction that is more a merger of equals.

The "Year of the Layoff" was supposed to be over now that the economy is improving and most large companies have fired as many people as they reasonably can. Productivity gains can only squeeze so much out of a shrinking work force. But American companies are aggressively chopping their...

Several weeks ago, Oracle (ORCL) said that Sun Microsystems (JAVA), which it is in the process of buying, is losing $100 million a month due to EU delays in approving the deal. That is not surprising. Sun is in the very competitive business of selling servers to businesses, and it's nowhere near...

There has been a lull in the number of big companies announcing the massive corporate lay-offs in which thousands of people are pushed out the doors. If huge American firms would stop aggressive chopping, the sharp rise in unemployment might slow. Recent news, however, suggests that lay-offs may...

The world's largest money center banks were all caught up in the mortgage-backed securities net. They also all have some exposure to real estate, consumer, and commercial debt. That means that the results of one international bank are not likely to be entirely different from any other. UBS (UBS)...