Friday, May 10, 2002

Retail report shows sales down in April "Unseasonably cool weather and Easter in March dampened retail sales in April, but several merchants raised their profit outlook Thursday noting that lean inventories reduced the need for heavy discounting." 2:45:51 PM  Google It!  comment  []

I.B.M. Likely to Eliminate 9,000 Jobs "Reflecting the continued weakness in technology spending and shifts in its mix of businesses, I.B.M. plans to trim its payroll by roughly 9,000 workers by the middle of this year, an industry executive close to the company said yesterday." "The jobs to be lost make up fewer than 3 percent of International Business Machines' worldwide work force of 320,000, but most of the cutbacks will come among the company's 160,000 employees in the United States, according to the executive." 1:21:04 PM  Google It!  comment  []