Highlights
A collection of news and information related to Dupont E I Nemours & Company published by Tribune Company sources.
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Stocks extend steep decline following report showing unemployment rate surged in November
AP Business WriterNEW YORK (AP) — News of a rapidly weakening job sent stocks falling Friday as investors feared that the recession will be deeper and more prolonged than many have expected. The major indexes were all down more than 1 percent and the Dow Jones...Tags: Banking, Economy, New York Weather, Chevy Chase, General Motors Corp.
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Stock futures extend decline after jobs report
Newsday Staff WriterNews of a rapidly weakening job market put Wall Street on track for a sharply lower open Friday. The Labor Department's report that employers slashed 533,000 jobs in November had investors worrying about a long and deep recession. The job loss took...Tags: Unemployment, Financial Markets, Federal Reserve, Chevy Chase, General Motors Corp.
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Three companies to cut a combined 20,000 jobs
A round of nearly 20,000 layoffs announced yesterday by AT&T Inc., DuPont and Swiss bank Credit Suisse suggests a yearlong wave of job cuts is accelerating, just as the government is expected today to report a higher unemployment rate for November. The...Tags: Unemployment, Layoffs and Downsizing, Moody's Corporation
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DuPont to slash 2,500 jobs, cut contractors
DOVER, Del. Chemical manufacturer DuPont said yesterday that it will cut 2,500 jobs and will not turn a profit in the fourth quarter as a severe slowdown in the automotive and construction markets eats away at chemical sales. DuPont also said it will... -
Employers to cut 20,000 jobs
Of The Associated PressA round of more than 15,000 layoffs announced Thursday by AT&T Inc., DuPont and Viacom Inc. suggests a yearlong wave of job cuts is accelerating, just as the government is expected to report a higher unemployment rate for November today. Swiss bank...Tags: Credit Suisse Group, San Marcos, Employees, New York, Unemployment
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AT & T, DuPont add to layoffs; jobless rate nears 15-year high
Bloomberg NewsAT&T Inc., DuPont Co. and three other U.S. companies announced plans to fire more than 16,000 people, buckling under the strain of a recession that may already have pushed the U.S. jobless rate to the highest level in 15 years. AT&T, the biggest U.S....Tags: Wages and Pensions, State Street Corporation, Employees, Unemployment, Marketing
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Employers cut 533,000 jobs in November, most in 34 years
The Associated PressSkittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession. The new figures, released by the Labor Department Friday, showed...Tags: United Technologies Corporation, Federal Reserve, Freeport-McMoRan Copper & Gold Inc, Barack Obama, Labor Legislation
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Employers cut 533K jobs in November, most in 34 years
The Associated PressWASHINGTON -- Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession. The new figures, released by the Labor Department...Tags: Wages and Pensions, Stock Activities, Unemployment, Economy, New York Mercantile Exchange
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Stocks open lower after dismal jobs report
Associated PressNEW YORK -- News of a rapidly weakening job sent stocks falling today as investors feared that the recession will be deeper and more prolonged than many have expected. The major indexes were all down more than 1 percent and the Dow Jones industrials...Tags: Stock Activities, Chevy Chase, Unemployment, Layoffs and Downsizing, Financial Markets
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Oil prices slide as more bad US economic news darkens outlook for crude demand
Associated Press WriterVIENNA, Austria (AP) — Oil prices plummeted Friday as the already battered market reacted to unexpectedly high U.S. unemployment figures — the latest dramatic evidence of recession in the world's largest market for crude. With cold weather...Tags: Unemployment, Economy, Viacom Inc., New York Mercantile Exchange, Business
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Employers ax 533,000 jobs in Nov., most in 34 years; unemployment rate rises to 6.7 percent
AP Economics WriterWASHINGTON (AP) — Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession. The new figures, released by the Labor...Tags: United Technologies Corporation, Federal Reserve, Freeport-McMoRan Copper & Gold Inc, Barack Obama, Labor Legislation
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AT & T, DuPont, Credit Suisse, Viacom among firms adding to layoff numbers
From Tribune news servicesFrom Tribune news services The job losses just keep mounting. AT&T Inc., DuPont Co. and several other companies announced plans to lay off more than 20,000 people Thursday, buckling under the strain of a recession that some economists predict may have...Tags: Employees, Unemployment, Corporate Officers, Viacom Inc., Steelcase Incorporated
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