Monthly Archives: March 2011

Tellabs to lay off 60 workers

Tellabs Inc. plans to lay off 60 employees by April 1 as part of a broader restructuring aimed at refocusing the Naperville-based company on data-based telecommunications equipment. Those losing their jobs are the last of 300 workers that Tellabs said … Continue reading

Posted in Uncategorized | Leave a comment

Jobs outlook finally improving, but still shaky

WASHINGTON — The U.S. labor market is finally improving, just when many of the other economic indicators are wavering. Jobs are considered a lagging indicator. They typically recover many months after the economy comes out of a recession, and this … Continue reading

Posted in Uncategorized | Leave a comment

Barnes & Noble: eBooks will pass print fast

“The book industry thinks its digital transformation is happening even faster than it did with music and movies. The executive of Barnes & noble Marc Parrish discussed the rapid changes in the book publishing industry and because of research from … Continue reading

Posted in Uncategorized | Leave a comment

Will Catepillar leave IL?

aterpillar is not leaving Illinois, according to Gov. Pat Quinn. The Peoria-based company’s CEO, Doug Oberhelman, sent a letter to the governor last week, questioning the state’s commitment to business after the recent tax hike. In the letter, Oberhelman said … Continue reading

Posted in Uncategorized | Leave a comment

U.S. Postal Service cutting 7,500 managers

Read all about the U.S. Postal Service cutting jobs and funds here: http://chicagobreakingbusiness.com/2011/03/u-s-postal-service-cutting-7500-managers.html The USPS has been short on funding for many years. To accommodate the lack of money, they are cutting jobs and closing post offices across the country. … Continue reading

Posted in Uncategorized | Leave a comment

AT&T buys T-Mobile for $39 billion

This makes the cellphone giant the largest in the nation and weeds out a competitor. AT&T has 266,590 employees, while T-Mobile has 37,795, according to their fact sheet. Here’s what AT&T says in a news release about the post-purchase workforce: … Continue reading

Posted in Uncategorized | Leave a comment

Smaller Walmart stores: A threat to local businesses?

People willing to pay a little bit more for good customer service. Says Walmart will know its customers better than ever. http://www.csmonitor.com/Business/Latest-News-Wires/2011/0316/Smaller-Walmart-stores-A-threat-to-local-businesses Rose Kraemer

Posted in Uncategorized | Leave a comment