Friday, April 11, 2003

Retail Sales Surge 2.1% in March Retail purchases jumped 2.1 percent in the month, well above Wall Street analysts' expectations and the biggest monthly gain since October 2001. 10:30:33 AM  Google It!  comment  []

Brocade Continues Business Model Optimization [1,200 jobs lost] Brocade Communications Systems, Inc. (Brocade®) (Nasdaq: BRCD - News), the world's leading provider of infrastructure solutions for Storage Area Networks (SANs), announced today a workforce reduction of 115 employees, or approximately 9 percent, which was completed today. Following the workforce reduction, the company's workforce worldwide will be approximately 1200 employees. Brocade has taken this action as part of its plan to better align and optimize its business model, as described during the company's annual analyst day last week, during which the company also reiterated its financial outlook for the second quarter of fiscal 2003 (Q2 03). 9:50:10 AM  Google It!  comment  []

Qantas to reduce workforce by 1400 Qantas, one of the world's most profitable and resilient airlines, yesterday announced a third round of cuts in as many weeks, saying it would make 1000 staff redundant ... 9:37:31 AM  Google It!  comment  []