Hope and (pocket) change
· 11/05/2008 05:53 PM by Steve Gigl
Yeah, I’m feeling a little snarky for a lot of reasons, only one of which is political.
But it doesn’t matter much how I feel… how does the business world feel about our President-elect? Let’s check today’s industry news:
- AMD lays off 500 people worldwide
- IBM’s chip unit cuts temp workers
- Anadigics cuts 15 percent of workforce
- Intersil to cut 9 percent of workforce
Oh.
OK, what about stocks?
The blue- chip index ended at 9,139.27, off 486.01 points, or 5.1%.
Unfair? Yeah. But not nearly as unfair as pinning the subprime mortgage crisis on Republicans, who were the only ones sounding warnings about them several years ago.
UPDATE: Forgot one: Cadence cuts 625 jobs
Category: Politics
Scope: National
This even astounds me
Consumer alert
Quote of the day
R.I.P Dean Barnett
