The discount retail chain Goody’s Family Clothing will begin liquidating its stores as the retailer becomes one of the year’s first victims of the worsening economy.
The discount retail chain Goody’s Family Clothing will begin liquidating its stores as the retailer becomes one of the year’s first victims of the worsening economy.
Toyota Motor will idle its plants in Japan for 11 days in February and March to reduce output in the face of steeply declining global vehicle sales, the company said Tuesday.
Even a bailout could not save three of the last remaining plants in the U.S. still making sport utility vehicles.
Even a federal bailout could not save three of the last remaining plants in the United States still making sport utility vehicles.
G.M.expects to build 250,000 fewer vehicles in the first quarter, compared to the 885,000 made in the 2008 period.
Bank of America said Tuesday that it hoped to provide a limited amount of credit to allow a closed factory to pay money owed to workers who have occupied the plant.
The job cuts represent 11 percent of the company’s total work force and are aimed at cutting costs amid poor market conditions.
The job cuts represent 11 percent of the company’s total work force and are aimed at cutting costs amid poor market conditions.
Laid-off workers are occupying a Chicago plant, arguing that the financial bailout ignores regular workers.
Regulators say Downey Savings and Loan Association and PFF Bank & Trust fell victim to the acute distress in the housing market in that state.