Saturday, July 27, 2002

Wary About the Economy, Consumers Spend With Extreme Caution Kim Haack, 45, a federal government worker playing golf at Davenport's Duck Creek municipal course, has been stung enough by the stock market's plunge to hunker down. Each year, Ms. Haack and her husband take two- or three-week vacations far away, and two brief vacations of four days to Chicago or St. Louis. "The mini-vacations are out," she said. 12:00:37 PM  Google It!  comment  []

Network provider Avaya cutting 2,500 jobs Avaya Inc., a major provider of business communications networks, plans to cut 2,500 jobs and take a $150 million restructuring charge in the current quarter. When it released its third-quarter earnings report Monday, the Basking Ridge-based company said it would lay off an unknown number of employees and expected to take a charge of $150 million to $250 million. 9:32:46 AM  Google It!  comment  []