Newspaper wrap-up: More layoffs coming to Citigroup?
Posted Mar 20th 2008 7:55AM by Laurie Pasternack
Filed under: Newspapers, Magazines, Ford Motor (F), Citigroup Inc. (C), Delta Air Lines (DAL), Bear Stearns Cos (BSC)
.gif)
MAJOR PAPERS:
- Following the collapse of The Bear Stearns Companies Inc (NYSE: BSC), the industry is rampant with rumors wondering about the financial well being of scores of other institutions, according to a Wall Street Journal report called "The Credit Crisis Hits Wall Street". True or not, its giving fits to the companies, regulators, and investors.
- Skyrocketing fuel prices and a weakened economy are taking their toll on the airline industry, reported the Wall Street Journal. Additionally, the proposed Delta Air Lines Inc (NYSE: DAL) merger with Northwest Airlines Corporation (NYSE: NWA) has lost its momentum as airline pilots cannot agree on a structured seniority system.
OTHER PAPERS:
- According to people close to the situation, the New York Times reported that before the end of the month, Citigroup Incorporated (NYSE: C) is planning to lay off another 2,000 investment bankers and traders.
- The Detroit News reported that Ford Motor Company (NYSE: F) appears to have fallen short of its goals in the latest, and possibly last, round of company-wide buyouts for hourly workers.
Tags: airline industry, AirlineIndustry, Bear Stearns, BearStearns, BSC, buyouts, C, Citigroup, DAL, Delta Air Lines, DeltaAirLines, F, Ford Motor, FordMotor, lay offs, LayOffs, Northwest Airlines, NorthwestAirlines, NWA
Get the latest on
cars and
trucksfrom Ford and all brands at AOL Autos.
Closing Bell: When you are just glad the closing bell came (AIG, DELL, GMGMQ, CSCO, POT)
Biotech ETFs: Best bets on health care reform
Cramer on BloggingStocks: The world's been waiting for the new GM 
