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Verizon Communications, the country’s biggest wireless carrier said today that because its second quarter profits fell 21%, it will be cutting more than 8,000 employees and contractor jobs by the end of the year. The measure is one of the most drastic cost cutting measures …

In the United States, home sales finally rose in the second quarter in 39 states. This is one of the factors indicating that the housing market may be perking up a bit after the sub prime lending mess hit it hard.
Quarterly sales for the housing …

After a billion apps were downloaded and the company posted a huge profit, Apple is letting go of 1,600 employees at its stores.
Retail sales rose $20 million in the fiscal second quarter compared to the same quarter 2008, but the growth in retail net sales …

Although the South Korean economy grew in the 3rd quarter, it was still not the growth that they had hoped for. In the second quarter, GDP had increased 4.8%.
The slowdown was because of a lack of new construction and slumping currency.
The slowdown in South Korea …

In tough economic times, more students are graduating with little or no career prospects. Many of these graduates who cannot find jobs are starting to feel the pressure. Just six months after graduating, all those loans they had to take out to pay for …