PC Maker Micron Files for Chapter 11
Circuit City Files for Chapter 11
Lenovo Profits take a nose-dive
AIG gets even more money from the Feds -another $152.5 Billion – but with changes.
Nortel cuts 1,300 jobs
DHL cuts 9,500 Jobs in the US
Fannie Mae reports record losses
Starbucks reports drop in profits
Meanwhile the Federal Reserve refuses to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Tags: aig, bush administration, chapter 11, circuit city, dhl, fannie mae, feds, jobs, lenovo, money, nose dive, profits, record losses, starbucks
Ford has spent the last thirty years moving many of its factories out of the US , claiming they can’t make money paying American wages.
TOYOTA has spent the last thirty years building more than a dozen plants inside the US Paying American wages.
The last quarter’s results:
TOYOTA makes 4 billion in profits while Ford racked up 9 billion in losses.
Ford folks are still scratching their heads.
IF THIS WEREN’T TRUE, IT MIGHT BE FUNNY.
Tags: factories, ford, last quarter, last thirty years, losses, money, plants, profits, toyota, wages, weren