American Airlines is sending layoff warning notices to more than 11,000 employees although a spokesman says the company expects job losses to be closer to 4,400. The notices went out to mechanics and ground workers whose jobs will be affected as American goes through a bankruptcy restructuring.
While the overall stock market has plunged, IBM has remained flat. What's its secret to stability? We take a look under the hood to figure out what makes it a safe-haven stock -- and what elements investors should look for as they seek out others.
Shares of technology outsourcing and consulting giant Accenture have been on a tear lately, with the company bulking up its insurance offerings. Trefis thinks Accenture's acquisition of Duck Creek Technologies could give it a boost, but maintains its price estimate for now.
IBM beat Wall Street expectations with its fourth-quarter earnings released Thursday, growing profit 9% and sales 7%. The company has gained from increased corporate spending on computer upgrades and on outsourcing.
As the unemployment rate remains sky high, it's not hard to see why the issue of overseas has become a hot topic on both sides of the aisle. But overseas outsourcing keeps growing worse, not better, with some business consultants predicting that a huge increase is on the way.
