Speaking of WSJ, what a disaster area it's front page is tonight:
Credit Suisse First Boston mayeliminate as many as 250 investment-banking jobs, or 10% of thedivision's work force, people close to thecompany said. The firm also may cut staff atits technology unit.
Apple Computer posted its first quarterly loss in three years,
GM reported a sharp drop in fourth-quarter net income,
Bank One limped out of a punishing fourth quarter, adding an eye-popping$1 billion to shore up its loan-lossallowance and reporting a loss of $512 million.
Advanced Micro Devices reported lower-than-expected earnings,
U.S. economic growth is slowing, with most districts in a Fed survey reporting deceleration.
Boeing's net income declined 27% in the fourth quarter,
Ameritrade Holding posted a widened loss,
AMR's earnings tumbled and US Air and America West had losses,
Kodak's net slid 59%,
CNN will lay off about 400 employees,
OPEC considered a steeper oil production cut than had been anticipated
Minnesota Mining warned that a domestic sales slowdown and negative currency effects would cut into the industrial giant's fourth-quarter profit.
IBM POSTED fourth-quarter earnings that beat Wall Street estimates ona 5.9% increase in revenue at the computer giant. |
