Factory Closing

Mike: Good day to all. Today’s economic reports include weekly retail sales and the S&P Case-Shiller HPI, which tracks monthly changes in the value of residential real estate in 20 US metropolitan regions. This index has declined in every quarter since 2nd quarter, 2006. Housing price stability is vital to an improved economy. Obviously, if home prices continue […]

Continue reading about April 28 – Are you working yet? How do you navigate those uncomfortable unemployment questions? – GM Canada to cut 5,900 – Danish Vestas cuts 1900 jobs – Magna cutting 725 – American Axle to cut Detroit jobs and move them to Mexico – Case-Shiller: Home prices fall only 18.6% – Consumer Confidence Jumps – Hutchinson Technology cuts another 300 – Track swine flu with Google Maps

Mike: I hope you all had a fine weekend. The flu is taking center stage this Monday and I’m sure all of you have heard the latest news, but here are few links to get some additional flu information: Q: What is swine flu? via Questions And Answers: Symptoms and Information About Swine Flu – washingtonpost.com. […]

Continue reading about April 27 – GM to slash 21,000 and kill Pontiac – Chrysler makes deal with unions – US firms have offshored 22,000 green technology jobs – Timken to cut up to 4000 more – 225 trimmed at Lockheed Owego – Hanesbrands to dump 500

Mike: Plenty of news to digest this day. Economic numbers that weren’t as bad as expected seems to have lifted the spirits of many, but I wouldn’t want to get to cheerful until the job numbers stabilize. The fact that GM has to close most plants for nini weeks will affect more than just GM […]

Continue reading about April 24, 25, 26 – Credit Card Bill of Rights? – Cessna may cut 2,800 more jobs – Apple axed 1600 in first quarter – L.L. Bean to lay off up to 240 – Medtronic lays off 240 – Trinity Rail to dump 659 – Stanley to eliminate 550