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Entries in Financial (3)

Sunday
Nov092008

Rumor: GE to be the next to layoff its workers!!

GE to Layoff 11,000 Workers!! GE to Layoff it workers!

According to sources of friends close to me, their seems to be a consensus that there will be a major layoff coming from GE. My source is talking about it being a lot of people will be laid off and that it will start happening in the coming weeks.

According to Yahoo Finance saying this "52 week change of GE is -50.86% from last year. "

[ad#ad2-right-1]Now last year this time there Stock Price was 38.38 a Share and now they are 18.60 a share.  They dropped -19.78 over the year.   The seemed to get close to the 38.38 a share on April 4, 2008 with making  37.56 a share.  That was there highest this year, due to the fact that people were getting there income tax refunds in the mail.    Also NYSE says they had a slight increase in July and Aug, that is due to the Stimulus package that we got in 2008.



Now I'm not a financial expert in the least.  I just see what I see with stock prices.  These could mean they are doing extremely well, or they could indicate that the company is planning on laying people off.  I'm just trying to provide a background on why they might lay people off.  We are getting to he point of becoming a Depression and no longer a Recession.  What do you think?
Thursday
Nov062008

Mattel introduces the new Welfare Barbie.

[ad#ad2-left]Mattel will be introducing the new welfare barbie doll,or laying off 1,000 jobs. According to Bloomberg and I'll quote:
Mattel Inc., the world's largest toymaker, said it would cut about 1,000 jobs, or 3 percent of its global workforce, as it faces higher manufacturing costs amid the worst financial crisis since the Great Depression.

[via Bloomberg]

If you're like me and you want to cringe every time you hear another place is laying off people. I say we are still in a downward spiral. Everyone is saying that even Jason Calacanis, in his recent email he sent to all his fellow readers, he talked about the Rich not buying anything they didn't need. He said that is good, I however wonder how far the hole goes before we hit rock bottom.

[ad#ad2-right]According to some analysts, they are talking about this lasting another year or more. On another note, according to Kotaku and I'll quote on this one to:
We have received a letter purportedly sent by THQ CEO Brian Farrell to explain to his employees the reasoning behind the company closing five studios and laying off staff from two others. The closed studios are Helixe, Sandblast Games, Locomotive, Mass Media and Paradigm.


[via Kataku]

Now I've talked enough about Layoffs in the past and I won't talk to much but I do hope this changes in the new future. If you want to find the other ones that I talked about just search my site, they are all there with out any problems.

[Thanks to Kyle Rees for the suggestion on the heading]
Friday
Oct242008

Oprah Recommends the Kindle!

Today in Chicago, and on TV screens across the USA, Oprah Winfrey is going to recommend her new "favorite gadget," which is Amazon's Kindle ebook reader. A brief video has appeared on Amazon's website to plug the show -- as spotted by Chris Nuttall at the Financial Times -- which will also feature a guest appearance by Amazon founder Jeff Bezos. (Not his first, by the way.)

[via Guardian.co.uk]


[ad]


I this recent turn of events I thought I recommend some great Kindle Reviews and let you decide if it is worth your money.  So Here are some fantastic Sources to help you decide for yourself:


[ad]




These are just a few that I could find to better help you make choices on if you would like to buy a Kindle.  I hope this better helps you decide if it is worth.