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Ford Execs Say Company Differs From GM, Chrysler

Posted: 12/10/2008 - Ford Motor Co. CEO Alan Mulally and Executive Chairman Bill Ford Jr. say they're confident the company can make it through the recession without relying on the government.

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Sony Cutting 8,000 Jobs Amid Global Downturn

Posted: 12/09/2008 - Sony is slashing 8,000 electronics jobs around the world, or 5% of its global work force in that sector. It's trying to boost the profitability of its core business amid a global downturn.

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GM Executive Supports 'Car Czar' Proposition

Posted: 12/09/2008 - A top-ranking General Motors executive is welcoming the proposition of a "car czar" to look after a restructuring of his industry with federal taxpayer dollars.

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Analyst Predicts Job Cuts For Sprint

Posted: 12/08/2008 - A Wall Street analyst predicts that Sprint Nextel will announce "significant" job cuts next month in a move to reduce "its bloated cost structure."

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Reports: Tribune Co. Weighing Bankruptcy Filing

Posted: 12/08/2008 - Tribune Co., owner of the Los Angeles Times and Chicago Tribune, other newspapers and the Chicago Cubs and Wrigley Field, has reportedly hired financial advisers ahead of a possible filing for bankruptcy-court protection.

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Congressional Analysts: Auto Aid Plan Falls Short

Posted: 12/04/2008 - Congressional officials say an auto bailout plan to tap fuel-efficiency loans for emergency aid to the Big Three doesn't come close to covering the $34 billion carmakers say they need to survive.

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CEO Says Pay, Cost Cuts Will Keep YRC Going

Posted: 12/04/2008 - The CEO of Overland Park-based YRC Worldwide says he expects a proposed union wage reduction and other planned cuts are "more than enough to ride out the economic downturn."

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Pratt & Whitney To Lay Off 350 Employees

Posted: 12/03/2008 - A Pratt & Whitney spokeswoman says the jet-engine manufacturer is laying off about 350 salaried employees across the country, with most of the cuts coming in Connecticut.

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Judge Allows Class Action Against Embarq, Sprint

Posted: 12/03/2008 - A federal judge is allowing former employees of Embarq Corp. to continue with a class-action lawsuit accusing the telecommunications company of age discrimination and illegally canceling retirement benefits.

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Auto Workers To Hold Emergency Meeting On Bailout

Updated: 12/02/2008 - The crisis in the U.S. auto industry is bringing local leaders of the United Auto Workers together to talk about ways to help their employers get government loans.

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Money Matters

Updated: 11/26/2008 - In a recession people are afraid to spend and consumers tend to hoard their money, but now could actually be a good time to pay off debt.

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Amtrak Names New CEO

Posted: 11/25/2008 - Amtrak says it has selected Joseph Boardman, administrator of the Federal Railroad Administration, to lead the national passenger railroad for one year.

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Ford To Close Spanish Plant For 3 Weeks

Posted: 11/25/2008 - Ford Motor Co. says it will idle its plant in Valencia, Spain for 21 days because of slumping demand in a move that will affect over 5,000 workers.

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Virginian-Pilot To Cut Work Force 10 Percent

Posted: 11/24/2008 - The Virginian-Pilot says it is cutting at least 125 positions, about 10% of its work force, mostly by laying off staff and closing affiliated publications.

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USA Today To Cut About 20 Newsroom Jobs

Posted: 11/24/2008 - Ken Paulson, editor of the nation's largest newspaper, told staff in a memo Sunday evening that USA Today plans to cut about 20 newsroom jobs early next month.

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More GM Cuts Coming

Updated: 11/21/2008 - GM to announce more production cuts...

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