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Business News: Most Recommended
Last update: 262 days, 12 hours ago
 
Sears says credit pact with Bank of America to end
18 Apr 08, 21:39 ET
Reuters - Retailer Sears Holdings Corp said on Friday a credit agreement with Bank of America Corp would come to an end after the bank would not agree to renew it under existing terms.
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Wall St. braces for thousands of pink slips
18 Apr 08, 17:54 ET
Reuters - Citigroup Inc , Merrill Lynch & Co and Wachovia Corp this week announced 12,400 job cuts, and the number of pink slips is likely to rise as losses mount and the economy works its way out of its malaise.
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AT&T to cut about 4,600 jobs, sees $374 million 1Q charge
18 Apr 08, 16:37 ET
AP - AT Inc. on Friday said it plans to cut about 4,600 jobs, or 1.5 percent of its work force, to shift resources to growing parts of its business.
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The Wal-Mart Sisterhood
18 Apr 08, 11:25 ET
BusinessWeek Online - It's a sunny morning in early April, and as she does every week, Lisa Lobb has driven 15 miles to load up on groceries at the Wal-Mart Supercenter outside of Bethlehem, Pa. Sure, there are plenty of stores closer to home, but with rising gas and food costs gobbling up ever more of her budget, the 36-year-old mother of four makes the drive for Wal-Mart (NYSE:WMT - News; NYSE:WMT - News) Stores' low prices.$tx
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Citigroup to cut 9,000 jobs after posting loss
18 Apr 08, 09:20 ET
Reuters - Citigroup Inc posted its second straight quarterly loss on Friday, hurt by more than $16 billion of write-downs and costs related to credit losses, and said it will cut another 9,000 jobs.
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Teens turn to thrift as jobs vanish and prices rise
18 Apr 08, 05:08 ET
AP - The souring job market and rising costs of the usual teenage indulgences - a slice of pizza, a drive to the mall, the hottest new jeans - are causing teens to do something they rarely do: be thrifty.
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