Mayor Mike McGinn sent a Saturday afternoon memo to city staff postponing 200 job cuts he was planning to make in the next few weeks. On his first day in office, McGinn called for the layoff or demotion of 200 senior managers, executives and …
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When my son was 2, he used to play with dolls. Now at 5, he wouldn’t be caught anywhere near one. I never discouraged him to stop playing with dolls – in fact, I prefer them to the superhero action figures – but somewhere along the line, he got …
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The Great Recession is creating the Great Part-Time Economy. Skeptical of signs indicating that a recovery may be under way, businesses are increasingly relying on part-time or temporary help. Locally, part-timers are selling insurance, balancing the …
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Claire Kowalick/Times Record News Texoma Freight owner Scott Hunter drives a forklift at the business in downtown Wichita Falls. Claire Kowalick/Times Record News Texoma Freight owner Scott Hunter (right) goes over an order with operations manager …
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LOS ANGELES — The Walt Disney Company has been quietly shopping what remains of its Miramax film unit and has attracted seven to 10 interested bidders, according to a mergers and acquisitions expert with knowledge of the process. The initial …
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Breaking a long-established pattern in labor negotiations, Mayor Michael R. Bloomberg plans to demand that city teachers agree to a significantly smaller raise in their next contract or face the prospect of 2,500 job cuts. The threat, which the city …
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Verizon ended the quarter with 222,927 employees, 7,413 fewer than it had in September. The layoffs have come on the traditional phone-company side, as many customers give up their lines in favor of using only cell phones or phone service from cable …
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NEW YORK -(Dow Jones)- Verizon Communications Inc. (VZ) swung to a fourth- quarter loss as a result of charges related to job cuts, and predicted eliminating more positions as executives cast a downbeat note on the economic recovery. While the New York telecommunications giant’s wireless arm
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… to $27.1 billion, largely due to the acquisition last January of Alltel Corp. Analysts were expecting $27.3 billion. Verizon shares fell 59 cents, or 1.9 percent, to $30.68 in pre-market trading. New York-based Verizon ended the quarter with 222 …
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Verizon Communications Inc. (VZ) swung to a fourth-quarter loss as the company took a $3 billion charge related to work-force cuts. Meanwhile, the company added more wireless subscribers than a year earlier. Shares of the company dropped 1.4% to $30 …
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