Updated: 4/11/2003; 10:29:52 AM.
economy
Economic stories of interest.
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Wednesday, February 26, 2003
$2 Billion Loss and [1,250] Layoffs at Credit Suisse
The Credit Suisse Group reported a 2002 loss of 3.3 billion Swiss francs ($2.4 billion) today, and one of its co-chief executives called the results "unacceptable." The company said it would eliminate 1,250 more jobs to try to get back to profitability.

8:14:40 AM  Google It!  comment  []    

Grocery distributor Fleming cutting 1,800 jobs
Shares of Fleming Cos. fell more than 37 percent Tuesday after the grocery distributor said it would cut 1,800 jobs and take a pretax charge of $290 million as it ends sales to bankrupt Kmart Corp., its largest customer.

8:11:20 AM  Google It!  comment  []    


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