Coal-mine companies expect 2267 layoffs
CEO Robert Murray mentioned the layoffs at the North American Coalbed Methane Forum in Cecil, Pa., on Thursday, according to media reports.
Deere Profit Falls as Equipment Sales Drop
Wall Street Journal - 35 minutes ago
Deere DE 0.54 % & Co. said its profit dropped 30% in the latest quarter, blaming weak conditions in the global farm economy that continue to affect the agricultural sector.
probably just the weather.....
Existing-Home Sales Fell 3.3% in April
New York Times - 19 minutes ago
WASHINGTON - Sales of existing homes in the United States slipped in April, the National Association of Realtors said on Thursday, mainly because of relatively few listings and rising prices.
he's probably worried about how he could possibly keep up with all the construction these days!
Lumber Liquidators CEO resigns 'unexpectedly'
USA TODAY - 22 minutes ago
Lumber Liquidators, the embattled hardwood flooring retailer, said Thursday CEO Robert Lynch "unexpectedly" resigned, following weeks of struggles stemming from safety concerns related to its products.
don't worry, probably low level minimum wage jobs anyhow.....uh.....right?
NetApp to Lay Off 500 Workers in Restructuring
Wall Street Journal - 40 minutes ago
NetApp Inc. NTAP -0.06 % is laying off about 500 workers as part of a restructuring following disappointing results for the April quarter and weak projections for the current quarter.
march new single family sales 481,000 SAAR, so with 1.4 million starts SAAR that widens the gap to more than 3 starts to 1 sale......and the media proclaims this as good news!!!
Energy, chemical contractor to close Freeport operations, cut hundreds of jobs
Houston Business Journal
TIC Energy & Chemical Inc., a processing and industrial contractor division of Colorado-based TIC, plans to close its operations in Freeport, affecting ...
FairPoint slashes hundreds more jobs amid 'workforce restructuring'
Charlotte Business Journal (blog)
In a news release issued Friday, FairPoint said these "workforce restructuring actions," combined with previous job cuts over the past two years, ...
Allscripts cuts 250 jobs
The job cuts represent about 3.5 percent of its global workforce of about 7,200 as of Dec. 31. Allscripts provides information technology services, ...
all the rich guys are saving up for their TOL homes!
Rolls-Royce to cut 600 jobs in marine unit as low oil price bites
LONDON May 18 British engineering group Rolls-Royce said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower ...
Wal-Mart sales miss expectations as shoppers pocket savings
Reuters - 1 hour ago
Wal-Mart Stores Inc (WMT.N) on Tuesday became the latest U.S. retailer to report weaker-than-expected quarterly sales, saying consumers were pocketing tax refunds and savings from cheaper gasoline rather than buying unnecessary items.
it's good to remember that starts is one thing, sales is another......1.4 million starts with less than 1/2 million sales = over production
Housing Starts in U.S. Jump to Seven-Year High, Permits Rise
Bloomberg - 33 minutes ago
New residential construction in the U.S. surged in April to the highest level in more than seven years, indicating the industry regained its footing after the soft patch at the beginning of the year.
awwwww....you can't let dwindling earnings get in the way of a housing boom!
besides, "dwindle" is a pretty tough word for what's happening!
Wall St Week Ahead-RPT-Fed, data take center stage as earnings dwindle
Reuters - 11 hours ago
(Repeat of item initially transmitted on Friday, May 15). By Rodrigo Campos. NEW YORK May 17 (Reuters) - Investors will watch for any change in the economic outlook from housing data and remarks by various Federal Reserve speakers next week, while ...
Business Briefs May 17, 2015
Hibbing Daily Tribune
GRAND RAPIDS — Layoffs, whether temporary or permanent have been making news across Minnesota recently. Families are preparing to ...
funny there's such weak demand for steel these days.....I mean especially with all the booming construction industry and all!
US Steel lays off another 285 workers at Gary Works mill
U.S. Steel has laid off another 285 workers at its Gary Works mill in the latest wave of layoffs spurred by weak demand for its steel. lRelated U.S. Steel ...
sure sign it's getting ready to blast off!!!!
Consumer Sentiment in U.S. Plunges by Most in Over Two Years
Bloomberg - 1 hour ago
Consumer confidence unexpectedly fell in May by the most in more than two years as Americans' views on the economy dimmed. The University of Michigan preliminary index of sentiment dropped to 88.6, the lowest since October, from 95.9 in April.
and everyone shops at piggley wiggley in the south.....tell me, what's that got to do with stores per capita?
at this rate, we'll soon be at 0% unemployment!!!!
Houston engineering company cuts 1700 jobs amid first quarter loss
As for the job cuts and restructuring, McDermott announced that it has moved toward "increased organizational efficiency," the "centralization of ...
as reported in the Chicago Sun Times:
Moody’s Investor’s Service on Tuesday dropped Chicago’s bond rating two more notches — to junk status — turning up the heat on Mayor Rahm Emanuel to raise property taxes and on the Illinois General Assembly to approve a Chicago casino.