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How--not if--seems to be the question in Washington.
Despite healthy profits this year, Lincoln Electric Holdings Inc. says it's cutting costs and staff in "anticipation of a long, deep recession." • ArcelorMittal to lay off 340 in ClevelandSince October, the manufacturer of arc welding products has let go...
HOUSTON, Dec. 4, 2008 -- Quanex Building Products Corporation today reported fiscal fourth quarter and fiscal 2008 results for the period ending October 31, 2008. Income from continuing operations for the quarter and year were $11.9 million and $30.8 million, respectively, and diluted earnings per share from continuing operations for the quarter and year were $0.32 and $0.80, respectively, ...
• Bally Total Fitness files for Chapter 11 New York Bally Total Fitness Corp. filed for Chapter 11 bankruptcy protection Wednesday for the second time in less than two years, hindered by debt and limited refinancing options amid the credit crunch.
• Jeweler Hosts Guys' Night Funny thing this time of year: Holiday retail events keep coming at us. It's almost like a plan or something.
HOUSING: Pulte seeks prepaid sale...MEDICAL DEVICES: Stryker sets dividend...REAL ESTATE: Ramco dividend listed.
When Citigroup Inc. recently announced plans to cut about 52,000 jobs worldwide in coming months, it was the biggest downsizing announced this year by a company with a major presence in the Lower Hudson Valley.
Wall Street withstood another stream of bad economic readings Wednesday, closing sharply higher after investors shuttled between pessimism about the recession and hopes that the nation might start seeing relief soon.
Canadian Western Bank today announced good fourth quarter performance in volatile markets highlighted by very strong loan growth of 6% in the quarter and 16% for the year. Net income for the fourth quarter of $24.5 million decreased 17% compared to last year which included an income tax benefit that increased net earnings by $2.9 million .
NEW YORK — The current economic situation does not resemble the Great Depression of the 1930s, according to Harry “Hersh” Cohen.
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