General Blog About Everything

Reuters - Johnson & Johnson said on
Tuesday it planned to eliminate 3 percent to 4 percent of its
global work force of about 120,500 people as part of a plan to
improve its cost structure.

Reuters - CBS Corp on Tuesday said
second-quarter earnings fell sharply from a year ago, when it
was helped by a tax benefit and the sale of its Paramount
Parks, but still beat expectations on stronger results from its
publishing and outdoor divisions.

Reuters - Stock index futures surged Tuesday
after General Motors Corp. further bolstered confidence
about corporate earnings, but a key inflation indicator may
determine the market's direction.

Reuters - General Motors Corp on Tuesday
said it flipped to a net profit, trouncing Wall Street
estimates as it benefited from cost-cutting, a better mix of
products and growing sales overseas.

Reuters - Rupert Murdoch's News Corp. (NWSa.N)
appeared to be inching closer to a deal to buy Dow Jones & Co.
Inc. and gaining enough support from the divided
Bancroft family, but both sides were still wrangling over the
price.

AP - Gyrating stock prices. Shrinking nest eggs. Spiking foreclosures on home mortgages. Worries that credit will dry up. It’s a high-wire balancing act for the Bush administration’s top economic officials as they cope with Wall Street’s recent turbulence and the fears and uncertainties left in its wake.

AP - Recent hires in 2006 continued to shy away from investing in company stock as part of their retirement savings, favoring instead more diverse mutual funds that balance risk over time, according to an annual study of 401(k) accounts.