Reuters - Morgan Stanley cut 1,500 jobs
this week across its investment banking, trading and asset
management businesses, a person familiar with the situation
said Friday, a 5 percent reduction of non-broker employees.
Reuters - Stocks finished little changed on
Friday as surging oil prices lifted energy shares and offset
data that showed consumer confidence sank to its lowest in 28
years.
Reuters - U.S. consumer confidence tumbled to a
28-year low this month as rising prices strained household
finances, while another drop in single-family housing starts
underscored problems still plaguing the economy.
American Axle and UAW reach tentative agreement
(Reuters)
Reuters - The United Auto Workers and American
Axle & Manufacturing Holdings Inc reached a tentative
contract agreement late Friday aimed at ending an 11-week-long
strike that had triggered thousands of layoffs and cost General
Motors Corp at least $1 billion.
Reuters - Investment bank Lehman Brothers
Holdings Inc will begin cutting jobs starting next
week, CNBC Television reported on Friday, without citing
sources.
Quake Unlikely To Derail China's Economy
(Investor's Business Daily)
Investor's Business Daily - While China grapples with the devastating May 12 earthquake in Sichuan -- now thought to have killed 50,000 people, leaving 5 million homeless and property damage at $20 billion -- the economic toll may be mild, analysts say.
Confronted daily by burdensome tasks like resetting passwords, rebooting computers, scheduling jobs, updating group memberships, and reporting on users, then sifting through all the different tools and interfaces to do the job, makes Microsoft Windows domain and Active Directory management much more difficult than it should be. This is why Dorian Software created a consolidated, intelligent tool to help.
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AFP - A deadline for Take-Two Interactive Software shareholders to agree to a buyout by video game giant Electronic Arts has passed with neither firm commenting on the takeover bid's fate.
Compuware 2.0 set as rebirth of company
(InfoWorld)
InfoWorld - Looking to sharpen its business focus, Compuware this week launched its "Compuware 2.0" campaign, which is being characterized by the 35-year-old software tools vendor as a rebirth of the company.