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Politics : Politics for Pros- moderated

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From: LindyBill	1/27/2009 11:03:15 PM
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The downers are beginning to mount up. College Endowments Plunge WSJ ECONOMIC NEWS In Free College endowments have suffered a sharp blow in the financial crisis, with aggregate investment losses of at least $94.5 billion, according to a new survey. Some State Jobless Rates Top 10% In Free Unemployment rates rose in all 50 states during December as the recession forces companies to trim costs and unload workers. Honda Cuts Production Further Honda said it will scale back vehicle production even further as auto demand falls at a faster pace than the company expected. DuPont Swings to a Loss DuPont swung to an expected fourth-quarter net loss on a $500 million restructuring charge as the chemical company lowered its 2009 outlook. Corning to Cut 3,500 Jobs Corning is cutting 13% of its payroll amid weak demand for glass used in flat-screen televisions and computers. The company's quarterly profit fell 65%.

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