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Fughum
of Wytipitlock, ME
Dec 4, 2008 5:54 PM
C'mon Walter you told me over at the store you didn't want to insult the moose.report abuseWalter Meader
of Wytipitlock, ME
Dec 4, 2008 5:50 PM
Yeah GW wanders around the white house like the moose up this way all worn out after rutting season except for dubyah it's after eight years of screwing up the world.report abusePoMaina TaxedOut
of Homeless, ME
Dec 4, 2008 4:03 PM
Thanks Bush for the Depression.report abuseFunny Guy
of Portland, ME
NEW YORK (CNNMoney.com) -- AT&T Inc., DuPont Co. and Viacom Inc. said Thursday that they would cut thousands of jobs, blaming the weak economy.
AT&T (T, Fortune 500), a Dallas-based telecom operator, said it would cut 12,000 jobs, totaling 4% of its workforce.
DuPont (DD, Fortune 500), a chemical company based in Wilmington, Del., said it would cut 2,500 jobs.
Viacom Inc., (VIA) an entertainment company that includes MTV Networks and Paramount Pictures, said it would cut 850 jobs, or 7% of its workforce.
AT&T attributed the staff cuts to "economic pressures, a changing business mix and a more streamlined organizational structure" in a news release.
The telecom also said it would take a charge of $600 million in the fourth quarter to make severance payments. It said it would reduce its 2009 capital expenditures from its 2008 levels.
DuPont Chief Executive Charles Holliday said his company was making the cuts "in response to current market challenges" and to increase the company's competitiveness in the coming year.
DuPont said it expected a loss of 60 cents to 70 cents per share for the fourth quarter, including an 40-cent-per-share charge from the company's restructuring plan. Going forward, the company expects full-year earnings to be $2.25 to $2.75 per share in 2009.
Full-year earnings of $2.75 to $2.85 are expected for 2008, said DuPont, down from its previously announced range of $3.25 to $3.30 per share.
Viacom Chief Executive Philippe Dauman said it was restructuring its company "to adapt to the challenges presented by the current economic environment."
In addition to the job cuts, Viacom said it was suspending senior level management salary increases throughout 2009.report abuse
Dec 4, 2008 11:14 AM
More jobs cuts announced nationally:
NEW YORK (CNNMoney.com) -- AT&T Inc., DuPont Co. and Viacom Inc. said Thursday that they would cut thousands of jobs, blaming the weak economy.
AT&T (T, Fortune 500), a Dallas-based telecom operator, said it would cut 12,000 jobs, totaling 4% of its workforce.
DuPont (DD, Fortune 500), a chemical company based in Wilmington, Del., said it would cut 2,500 jobs.
Viacom Inc., (VIA) an entertainment company that includes MTV Networks and Paramount Pictures, said it would cut 850 jobs, or 7% of its workforce.
AT&T attributed the staff cuts to "economic pressures, a changing business mix and a more streamlined organizational structure" in a news release.
The telecom also said it would take a charge of $600 million in the fourth quarter to make severance payments. It said it would reduce its 2009 capital expenditures from its 2008 levels.
DuPont Chief Executive Charles Holliday said his company was making the cuts "in response to current market challenges" and to increase the company's competitiveness in the coming year.
DuPont said it expected a loss of 60 cents to 70 cents per share for the fourth quarter, including an 40-cent-per-share charge from the company's restructuring plan. Going forward, the company expects full-year earnings to be $2.25 to $2.75 per share in 2009.
Full-year earnings of $2.75 to $2.85 are expected for 2008, said DuPont, down from its previously announced range of $3.25 to $3.30 per share.
Viacom Chief Executive Philippe Dauman said it was restructuring its company "to adapt to the challenges presented by the current economic environment."
In addition to the job cuts, Viacom said it was suspending senior level management salary increases throughout 2009.report abuse
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