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Consumer Corner: Foreclosure settlement no magic bullet for economy
REDMOND, Wash., Nov. 4 (UPI) -- U.S. software giant Microsoft said it would lay off 800 workers on top of a previously announced cutback of 5,000 announced in January.
"In the ensuing 11 months from January until now, we realized we had to move a little beyond the 5,000, so that put us at about 5,800," company spokesman Lou Gellos said, IDG News Service reported Wednesday.
The new round of cuts would occur in the United States and abroad, the company said.
Gellos said Microsoft did not anticipate any more layoffs.
The announcement was made soon after Microsoft's third quarter report showed a 14 percent drop in revenue.
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PORTLAND, Maine, Feb. 13 (UPI) --
So-called tar sands oil from Canada is "much, much worse" for the environment than conventional crude oil, a Maine environmental advocate said.
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SAINT-LAURENT, Quebec, Feb. 13 (UPI) --
The Canadian coast guard has picked Thales Canada for the supply and installation of helicopter tracking systems aboard 22 aircraft and 17 ships.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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