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Overtime Hours Point to Manufacturing Recession
2024-12-11 07:07:56| eWEEK Technology News
A drop in factory overtime hours to the lowest level since 2002 does not bode well for the manufacturing sector and has led many to expect widespread job cuts and a recession-plagued economy.
Category:Information Technology
Diebold to Restate Results Following Probe
2024-12-11 07:07:56| eWEEK Technology News
Diebold said it would restate its financial results for 2003 through 2006 and the first quarter of 2007 after a regulatory review that led it to adopt a new accounting method for recognizing revenue.
Category:Information Technology
Weak Retail Sales Fuel Recession Fears
2024-12-11 07:07:56| eWEEK Technology News
Retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
Category:Information Technology
Alan Greenspan to Join Hedge Fund
2024-12-11 07:07:56| eWEEK Technology News
Hedge fund manager John Paulson, who earned billions of dollars last year by betting against the housing market, said that former Federal Reserve board chairman Alan Greenspan will advise his firm.
Category:Information Technology
GM, Toyota Battle Turns Electric
2024-12-11 07:07:56| eWEEK Technology News
Toyota Motor Corp, likely to claim the title of world's biggest automaker later this month from General Motors Corp, threw down the gauntlet to GM in a race for the next "green" car.
Category:Information Technology