GM Stock Tanks After Short-Term Bailout Announced

A stinging quick rinse
Susan Tompor of the Detroit Free Press writes in a recent editorial that GM will have 30 days to detangle. President Obama calls it a “quick-rinse” bankruptcy. GM stock has tumbled as a result. Investors don’t see more cash advance loans coming from the Obama administration.
Brad Coulter [...]

Click here to continue reading
Monday, March 30th, 2009 by
Steven Tarlow

United Technologies Plans to Cut 11,600 Jobs

Major tech company feeling the crunch

United Technologies Corp., maker of Otis elevators and Carrier air conditioners, says it will slash 11,600 jobs worldwide. The company is struggling with lower sales and profits.
Chief Executive Officer of United Technologies Louis Chenevert says the company had been expecting an economic recovery during the second part [...]

Click here to continue reading
United Technologies Research Center
Tuesday, March 10th, 2009 by
Elizabeth Fairchild