Tuesday, May 14, 2002

SBC to Cut 5,000 Jobs "SBC Communications Inc. said Tuesday that it will slash another 5,000 jobs, or about 2.6 percent of its work force, in the second quarter because the slow economy continues to curb its revenue." "The cuts come atop the 10,000 positions already eliminated since last fall." 2:01:51 PM  Google It!  comment  []

Retail Sales Rose 1.2% in April, Far More Than Expected "After a tightfisted March, U.S. consumers splurged in April and pushed retail sales up by 1.2 percent, the biggest increase in six months." "The latest sales snapshot released by the Commerce Department Tuesday suggests that consumers -- the lifeblood of the economy -- are helping to support the budding economic recovery by keeping their pocketbooks and wallets open." 8:46:35 AM  Google It!  comment  []