R.H. Donnelley files for bankruptcy - MarketWatch

NEW YORK (MarketWatch) -- R.H. Donnelley Corp., the country's third largest print and online Yellow Pages publisher, said Friday it has filed for bankruptcy after years of growth through leveraged buyouts.

http://www.marketwatch.com/story/rh-donnelley-files-for-bankruptcy?siteid=YAHOOB%2CYAHOOB%0A%20%20%20%20%20%20%20%20%20%20
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U.S. closes BankUnited, sells to private equity - Yahoo! News

By Karey Wutkowski and Dan Wilchins Karey Wutkowski And Dan Wilchins – 4 mins ago

WASHINGTON/NEW YORK (Reuters) – U.S. bank regulators seized troubled Florida lender BankUnited FSB and sold it to some of the most powerful private equity firms in the world.

http://news.yahoo.com/s/nm/20090522/bs_nm/us_bankunited

HP's profit drops, more layoffs looming

The company also announced more layoffs: some 6,400 workers, or 2 percent of HP's global staff of 321,000, will lose their jobs over the next year as the company shrinks its product divisions.

http://finance.yahoo.com/news/HPs-profit-drops-more-layoffs-apf-15298807.html

American Express to eliminate 4,000 jobs

By Jonathan Stempel Jonathan Stempel – Mon May 18, 6:38 pm ET

NEW YORK (Reuters) – American Express Co (AXP.N), the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent of its workforce, as the weakened economy causes higher customer defaults.

http://news.yahoo.com/s/nm/20090518/bs_nm/us_americanexpress

GM, Chrysler to cut up to 3,000 dealers: sources - Yahoo! News

By Soyoung Kim and John Crawley Soyoung Kim And John Crawley – Wed May 13, 4:44 pm ET

DETROIT/WASHINGTON (Reuters) – General Motors Corp and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday, three people briefed on the still developing plans said.

http://news.yahoo.com/s/nm/20090513/bs_nm/us_autos_dealers

Seagate to cut 1,100 jobs to reduce costs - May 13, 2009

May 13, 2009, 9.29 pm (Singapore time)

NEW YORK - Seagate Technology said on Wednesday it plans to cut about 1,100 jobs from its workforce in a move the computer storage maker expects will reduce costs by about US$125 million a year.

http://www.businesstimes.com.sg/sub/latest/story/0,4574,332878,00.html?

DuPont to lay off 2,000 workers - Yahoo! Finance

NEW YORK (AP) -- DuPont will cut 2,000 jobs as the chemical company wrestles with falling sales.

?http://finance.yahoo.com/news/DuPont-to-lay-off-2000-apf-15164867.html

Private-sector jobs fall by 491,000 in April: ADP - MarketWatch

By Rex Nutting, MarketWatch

Last update: 9:12 a.m. EDT May 6, 2009

WASHINGTON (MarketWatch) -- Private-sector employment in the United States fell by 491,000 jobs in April, the smallest decline in six months, according to the ADP employment index released Wednesday.

http://www.marketwatch.com/news/story/story.aspx?guid=%7B13600D45%2D3E89%2D4C21%2D821B%2D1CD9A2C860A3%7D&siteid=YAHOOB

Relatives grieve for Texas woman with flu who died

By CHRISTOPHER SHERMAN, Associated Press Writer Christopher Sherman, Associated Press Writer
6-May-09

HARLINGEN, Texas – This week should have been a joyous time for Judy Trunnell, a 33-year-old schoolteacher who had just given birth to a healthy baby girl.

But the friends and relatives whose cars lined the quiet street in front of her home in a quiet subdivision Tuesday instead were mourning her, the first American with swine flu to die.

http://news.yahoo.com/s/ap/20090506/ap_on_re_us/us_swine_flu_texas

Filene's files for Chapter 11 bankruptcy protection

By Andria Cheng, MarketWatch

Last update: 9:18 a.m. EDT May 4, 2009

NEW YORK (MarketWatch) -- Weighed by the economic downturn that has curtailed demand, off-price retailer Filene's Basement on Monday filed for Chapter 11 bankruptcy protection and said it agreed to sell 17 of its 25 stores to real estate and asset management firm Crown Acquisitions.

http://www.marketwatch.com/news/story/story.aspx?guid=%7BADD7B142%2D9765%2D4DBD%2D8DB0%2DB29167E81F7B%7D&siteid=YAHOOB

Banks in Georgia, NJ, Utah shut by regulators - Yahoo! Finance

Marcy Gordon, AP Business Writer
On Friday May 1, 2009, 9:26 pm EDT

WASHINGTON (AP) -- Regulators shut down Silverton Bank in Georgia on Friday and set up a temporary government-controlled bank until a buyer can be found. Silverton, which operated as a sort of wholesale bank, fell victim to large losses on real estate construction and development loans, regulators said.

Also closed Friday was Citizens Community Bank in Ridgewood, N.J., and America West Bank in Layton, Utah.

Citizens Community Bank had roughly $45.1 million in assets and $43.7 million in deposits as of Dec. 31. Its deposits are being assumed by North Jersey Community Bank in Englewood Cliffs, and its sole office will reopen on Monday as a branch of that bank.

http://finance.yahoo.com/news/Banks-in-Georgia-NJ-Utah-shut-apf-15109052.html

The U.S. unemployment rate stood at 8.5 percent in March, a 25-year high

1-May-09
The U.S. unemployment rate stood at 8.5 percent in March, a 25-year high, according to government data. The April reading will be released next week.

http://news.yahoo.com/s/nm/20090501/bs_nm/us_usa_economy_sentiment