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TODAY'S PRINT EDITION |
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Thursday, January 15, 2009
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MARKETPLACE |
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| Microsoft Is Exploring Job CutsMicrosoft is exploring significant work-force reductions, a rare occurrence for the world's largest software company.
Bankruptcy Possible for SmurfitCardboard box maker Smurfit-Stone told lenders it could file for bankruptcy amid weakening sales and a cash crunch.
Nortel Files for BankruptcyNortel Networks filed for protection from creditors in the U.S. and Canada, reeling from sliding demand for its telecom equipment.
Motorola to Slash 4,000 JobsMotorola said it will cut 4,000 jobs, or about 6% of its work force, and issued a disappointing fourth-quarter forecast.
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MONEY & INVESTING |
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| Madoff's Traders Were In DeclineDespite dramatic drops in revenue and profits at Madoff's original stock trading business in recent years, the firm continued to raise staff pay.
Bank Turmoil Sinks StocksThe Dow industrials tumbled by 250 points as all 30 of its components fell amid upheaval in the banking sector.
Investors Hope Chase's Dimon Changes TuneAnalysts expect J.P. Morgan Chase will report that it barely broke even when it announces fourth-quarter results on Thursday.
Goldman Finds a Way to Dole Out CashGoldman Sachs has changed how it doles out certain stock grants to employees, including by easing the rules on when restricted shares may be sold.
Deutsche Bank Warns of Deep LossDeutsche Bank warned on earnings, saying that exceptionally tough market conditions drove it to a loss of about $6.3 billion for the fourth quarter.
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