"Honda Motor Co. says managers' salaries will be slashed 5 percent starting next month to cope with sliding sales. The cut comes on top of the 10 percent pay reduction for directors announced last month."
Monday, February 2, 2009
Honda cuts managers' pay to cope with slow sales
Honda cuts managers' pay to cope with slow sales - abc7.com:
Mattel income plunges nearly 50% - LA Daily News
Mattel income plunges nearly 50% - LA Daily News:
"The company said in an earnings statement that net income for the fourth quarter totaled $176.4 million, or 49 cents per share, compared to $328.5 million, or 89 cents per share in the previous fourth quarter."
Sunday, February 1, 2009
Honda Swerves Into A Deep Ditch - Forbes.com
Honda Swerves Into A Deep Ditch - Forbes.com:
"The Japanese automaker is on track for an operating loss of at least $3.7 billion in the current quarter."
Heavy equipment maker Caterpillar Inc. announces 2,100 new job cuts
KABC-TV:
"Caterpillar Inc. on Friday announced 2,110 new job cuts as the heavy equipment maker scales back production to match falling demand."
Perez Hilton: Sony is Sinking
Perez Hilton: Sony is Sinking:
"Sony's net profit dropped a massive 95% in the third quarter due to a strengthening yen, the gloomy economy and stiffer price competition from electronics rivals."
LA Biz Observed: Up close at 'Day to Day'
LA Biz Observed: Up close at 'Day to Day':
"They were among the 64 NPR staffers who lost their jobs because of a budget crunch at the network - a crunch that's also resulting in the cancellation of 'Day to Day' as of March 20."
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