Job WC

Bush Says He Plans to Address Auto Crisis Before Term Ends

was moving closer yesterday to a dramatic restructuring of the nation's ailing automakers, deliberating among several options including an orderly bankruptcy in return for an emergency government infusion of billions of dollars.said that no decision had been made but that the administration was nearing a conclusion and was very close.Under ...

Palm posts $506.1M Q2 loss Silicon Valley / San Jose Business Journal

on Thursday reported its second-quarter revenue had fallen more than 50 percent with smart phone revenue down 39 percent year over year.Sunnyvale-based Palm (NASDAQ: PALM) reported a fiscal second-quarter net loss of $506.2 million, or $4.64 per share, compared with a net loss of $8.8 million, or 9 cents per ...

Dish Network drops Fisher stations

television stations from its programming as the two companies were unable to extend a carriage agreement.Dish was dropping satellite broadcasts from Fisher stations KOMO and KUNS in Seattle, KIMA and KUNW in Yakima, KATU in Portland, KVAL in Eugene, KBCI in Boise, Idaho, KIDK in Idaho Falls, Idaho and KBFX ...

United Way comes up short

announced today it has come up short on its annual campaign by 24 percent.The agency raised 76 percent of its goal during the 2008 Community Care campaign, but will continue working to make up the remainder before March 31, 2009, the end of its fiscal year.Pledges to the campaign came ...

Gasoline prices begin stabilizing

Retail gasoline prices are leveling off just as the holiday travel season gets under way, according to AAA Texas.After weeks of double-digit drops in prices across the state, a gallon of regular unleaded gas fell just a penny this week to $1.56.Nationally, prices were up a penny on average to ...

Throwing a lifeline to the automakers, nation

Ordinarily, companies should deal on their own with the consequences of shortsighted planning, inflexibility, high costs and outmoded labor rules.So many other parts of the economy are so weak that a collapse of the U.S.And the failure of iconic companies, with their large labor forces and vast network of suppliers ...

Loans give GM, Chrysler 3 months

By TODD SPANGLER, KATIE MERX and JUSTIN HYDE FREE PRESS STAFF WRITERS December 19, 2008WASHINGTON  Tossed a $17.4-billion lifeline by the White House on Friday, General Motors and Chrysler now leap directly into about three months of feverish long-term planning and blunt dealing with creditors, shareholders, workers ...

Obama warns automakers to make key reforms

has signaled that they are not going to allow these companies to fail, and we will do our share of the North American package to see that this doesn't happen either, said Harper speaking at a news conference in Toronto.Canada's automotive industry represents 14 percent of the country's manufacturing output, ...

Treasury Details Auto Bailout Terms,Executive Comp Restrictions

The United AutoWorkers Union also has criticized the idea of cutting employee compensation.Those plans would need to show the companies and theirsubsidiaries have used their best efforts to reduce outstanding unsecured publicdebt, with the exception of pension and employee benefits obligations, by two-thirds.autogiants stipulates that they must bring compensation for ...

RI tech companies offer advice for weathering recession

The sector employs more than 15,000 workers and accounts for more than $1 billion in wages, according to the EDC.RI Nexus program director Jack Templin moderated the discussion.The discussion was hosted by RI Nexus, an initiative by the EDC to help connect the state's information-technology and digital-media companies.The advice that ...