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04 May 2009 02:34

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Biz, U.S.: The Boston Globe’s currently facing some trying hours

  • Unions and management are butting heads. At stake? The paper itself. The management of The Boston Globe, owned by The New York Times Company, is prepared to file a shutdown notice if it cannot convince its unions to cut costs significantly. The iconic newspaper and the union have for the moment stopped talking, but could start up again tonight. The two sides were fighting against a deadline which conveniently passed at midnight. See that? That’s sweat going down furrowed brows. source

22 Apr 2009 22:22

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Biz, U.S.: GM: What’s a good way to clear car inventory? Stop making cars.

  • 15 car plants will shut down for nine weeks later this summer. Wow, that just sucks. o_O source