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View Full Version : US economy collapse imminent?


Geggy
Jan 31st, 2006, 10:19 AM
Mon Jan 30, 6:00 PM ET
CHICAGO (Yahoo!) - Kraft Foods Inc., the nation's largest food manufacturer, said Monday it would eliminate 8,000 more jobs, or about 8 percent of its work force, and close up to 20 production plants as it broadens an ongoing restructuring effort. (http://news.yahoo.com/s/ap/20060130/ap_on_bi_ge/kraft;_ylt=AiofK1befPnkKYzPe.VKh6Ss0NUE;_ylu=X3oDM TA3b2NibDltBHNlYwM3MTY)

Mon Jan 23, 2006 8:20 AM ET
FRANKFURT (Reuters) - Ford Motor Co intends to cut the number of its suppliers around the world to around 800 over the next few years from about 2,500 now, industry paper Automotive News reported on Monday. (http://today.reuters.com/news/newsarticle.aspx?type=domesticNews&storyid=2006-01-23T132023Z_01_L23780762_RTRUKOC_0_US-AUTOS-FORD-SUPPLIERS.xml&rpc=22)

January 20, 2006: 4:41 PM EST
NEW YORK (CNNMoney.com) - Google stock posted its largest single-day loss ever Friday as investors showed concern about prospects for the Internet advertising market and the company's role in a Justice Department lawsuit about Internet searches. (http://money.cnn.com/2006/01/20/technology/google_stock/index.htm?cnn=yes)

Jan 10, 2006 11:25 am US/Central
(AP) ITASCA, Ill. OfficeMax Inc., the nation's No. 3 office supplies retailer, said Tuesday it will shut down 110 of its approximately 950 U.S. retail stores in the first quarter as part of a restructuring aimed at strengthening its business. (http://wfrv.com/business/finance_story_010122705.html)

Toys "R" Us to close 75 stores, cut 3,000 jobs
Mon Jan 9, 2006 5:31 PM ET
NEW YORK, Jan 9 (Reuters) - Toy retailer Toys R Us Inc. on Monday said it will close 75 Toys "R" Us stores in the United States and convert 12 others into Babies "R" Us stores, eliminating about 3,000 jobs. (http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-01-09T223023Z_01_WEN7448_RTRIDST_0_RETAIL-TOYSRUS-URGENT.XML)

ItalianStereotype
Jan 31st, 2006, 11:07 AM
well geggy, you posted it, so we're probably about to hit an economic boom.

Ant10708
Jan 31st, 2006, 03:50 PM
:lol

Big Papa Goat
Jan 31st, 2006, 04:29 PM
lol at babies r us