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Sprint Cutting 8,000 Jobs

Updated: 01/26/2009 - The Overland Park-based company is eliminating about 8,000 positions in the first quarter as it seeks to cut annual costs by $1.2 billion.

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Microsoft To Slash 5,000 Jobs

Updated: 01/22/2009 - Microsoft says it will slash 5,000 jobs over the next 18 months as it reported an 11% drop in second-quarter profit.

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Toyota Outsells GM Globally

Posted: 01/21/2009 - General Motors sold fewer cars globally than Toyota last year, as the Japanese automaker passed the Detroit company for the first time.

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Retrenching Google Scraps Newspaper Ad Program

Posted: 01/20/2009 - Google is abandoning its attempt to sell print advertising on behalf of the struggling newspaper industry because the 2-year-old program wasn't paying off.

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Warner Bros. Cuts Nearly 800 Jobs

Posted: 01/20/2009 - Time Warner Inc.'s Warner Bros. Entertainment movie studio says it is eliminating nearly 800 jobs, or 10% of its global work force.

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Sprint To Settle Call Center Overtime Suits

Posted: 01/15/2009 - Sprint Nextel Corp. has offered to pay $8.8 million to settle class action lawsuits from call center employees who claimed they weren't paid for overtime they worked.

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More Layoffs Announced By Random House

Posted: 01/15/2009 - A day after two major divisions at Random House Inc. announced reorganizations and confirmed job cuts, a third division has also reconfigured and reduced.

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Anheuser-Busch InBev To Open New York Office

Posted: 01/15/2009 - The world's largest brewer says a New York management office will take on some of the management of its global operations now handled by its headquarters in Leuven, Belgium.

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Analyst: Auto Industry Facing Extended Weak Demand

Posted: 01/13/2009 - A leading auto industry analyst says the auto industry needs to brace itself for an extended period of weak demand from consumers because of tough economic conditions.

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Citigroup, Morgan Stanley Merge Brokerages

Updated: 01/13/2009 - Citigroup Inc. and Morgan Stanley are combining their brokerages in a deal that shows how much Citigroup wants to slim down and build up cash.

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Twinkie-Maker Still In Bankruptcy Limbo

Posted: 01/12/2009 - Interstate Bakeries Corp. has not nailed down financing necessary for the company to exit bankruptcy more than a month after getting a judge's approval.

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Harrah's Delays Caesars Palace Tower Expansion

Posted: 01/12/2009 - Harrah's Entertainment Inc. says it is delaying plans to open the 665 new rooms at a sixth tower it has just built at Caesars Palace on the Las Vegas Strip until there is stronger demand for hotel rooms.

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GM: Worst-Case Scenario Calls For More Government Funds

Posted: 01/12/2009 - General Motors' chief operating officer isn't saying whether GM will need all $18 billion in government loans it sought from Congress. But he says the automaker's worst-case scenario would require more than the $13.4 billion already allocated by the Treasury Department.

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