Filed under: Timepieces Last year the Richemont Group added Roger Dubuis to its luxury watch collection of brands. Richemont owns such prestigious brands as A. Lange & Sohne, Jaeger LeCoultre, and Panerai. The acquisition of the Roger Dubuis occurred in the midst of wild growth in key markets su...

I knew it would happen to some of my stock picks this year -- but ouch! -- Anglo American (NASDAQ: AAUK) has reported that it is handing out 19,000 pink slips world wide, oh, by the way, you can forget about the dividend -- that's gone too. The stock closed yesterday at $8.75 and is trading down at ...

if this doesn't make you snort coffee out your nose, i don't know what will... Job cut announcements by U.S. employers soared to 241,749 in January, up 45% from December's 166,348 cuts, according to Challenger. That was the highest number of job cuts since January 2002. Layoffs rose 222% - more than...

In the latest in the string of grim news coming from retailers across the nation, Home Depot has announced that 7,000 jobs will be cut and four dozen stores closed. The cuts constitute 2% of its total workforce, and the shut-downs involve the company's high-end EXPO stores, YardBIRDS stores, Design ...

Filed under: Employees, Economic data, Recession Rising unemployment will result from more than just trouble in private industry, and that could help push the jobless rate closer to 10% as the year passes. States and municipalities are working harder and harder to cut their work forces, or at least ...

Ericsson, the Sweden based wireless equipment maker has announced that the company will be laying off 5,000 employees which is 6% of the overall 79,000 workforce. The announcement came after the company saw 31% decrease in the fourth quarter net profit as compared to last year. The reason described ...

Filed under: General Electric (GE), Pfizer (PFE), Advanced Micro Dev (AMD), Western Union (WU), Recession Yesterday, several of America's largest and most well-know companies cut people at an alarming rate. The liquidation of Circuit City could put a total of 30,000 employees onto the street. Pfizer...

Everyone is in an uproar over the economic crisis. These are hard times for masters of the universe declares Joan Collins....

Stupefying. The year-end total for tech sector job losses in 2008 is expected to reach 180,000, according to Challenger, Gray & Christmas. That’s the largest annual job loss for the sector since 2003, when tech firms sacked some 228,325 employees. Not at all hard to believe given the news...

Filed under: GPS It's hard to say if Amazon's recent fire sale of the Dash Express was an indicator of all this, but Dash is making some serious changes, regardless. Reportedly, the outfit has slashed 50 employees -- or around two-thirds of its workforce -- which will leave 30 workers who will opera...