In precisely the kind of news president Obama does not want heading into the election, Ford (F), Dow Chemical (DOW), DuPont (DD), and Advanced Micro Devices (AMD) all announced mass layoffs this past week as Firings Reach Highest Since 2010.
Germany and France have a long and illustrious history of "competing" with each other, sometimes peacefully, sometime not. More importantly, the two countries are, incorrectly, considered to represent the stability "core" of the Eurozone. And perhaps that is somewhat true in the context of all the other peripheral European nations, where things are so bad we have run out of adjectives to describe the plight of the people and the economic collapse.
Governor Pat Quinn rammed through the largest tax hikes in Illinois history last year. On January 13, 2011, Governor Pat Quinn signed off on a 67% hike in personal income taxes and a 46% hike in corporate taxes.
The result is not what the governor thought. Businesses have fled, more have threatened to leave and Quinn responded with sweeteners. Moreover, Illinois pension plans are still the worst funded in the nation, and the state is still struggling to pay bills.
Struggling Japan Airlines Corp. has entered talks with Air France-KLM over a capital tie-up, a newspaper said Saturday. Asia's biggest airline hopes to expand its businesses in Europe via the capital alliance with Air France-KLM, according to the Yomiuri newspaper, Japan's top-selling daily.