Layoff records

4/23/2009 Embarq 51 Telecommunications
4/22/2009 Philip Morris 1,100 Tobacco
4/22/2009 T. Rowe Price 288 Financials
4/22/2009 Capital One Financial 60 Financials
4/22/2009 Brown-Forman 250 Food
4/21/2009 Yahoo! 675 Software
4/20/2009 Nordstrom 72 Retailing
4/18/2009 Weyerhaeuser 814 Materials
4/15/2009 Emerson Electric 14,200 Conglomerates
4/14/2009 Discover Financial Services 500 Business Services
4/14/2009 Deere & Co.1,387 Capital Goods
4/13/2009 General Electric 3,235 Conglomerates
4/9/2009 Johnson & Johnson 900 Pharmaceuticals
4/8/2009 Procter & Gamble 410 Household
4/6/2009 Eastman Chemical 300 Chemicals
4/6/2009 Navistar International 350 Durables
4/3/2009 FedEx 1,900 Transportation
4/3/2009 Walt Disney 3,100 Media
4/2/2009 Rite Aid 297 Retailing
4/01/2009 3M 3,500 Conglomerates
3/31/2009 Cardinal Health 800 Health Care
3/30/2009 KLA-Tencor 500 Semiconductors
3/27/2009 Wal-Mart Stores 1,850 Retailing
3/26/2009 Agilent Technologies 3,300 Technology
3/26/2009 Google 300 Software
3/25/2009 Berkshire Hathaway 945 Finance
3/25/2009 Constellation Brands 400 Food
3/25/2009 IBM 7,800 Software
3/24/2009 Legg Mason 320 Financials
3/24/2009 Synovus Financial 200 Banking
3/24/2009 Cummins 1,427 Capital Goods
3/22/2009 Freeport-McMoRan 2,800 Materials
3/19/2009 Lam Research 375 Semiconductors
3/17/2009 Caterpillar 27,378 Capital Goods
3/17/2009 Corning 200 Technology
3/16/2009 TRW Automotive Holdings 417 Consumer Durables
3/13/2009 Baker Hughes 3,000 Oil & Gas
3/13/2009 PPG Industries 2,500 Chemicals
3/13/2009 Sunoco 750 Oil & Gas
3/11/2009 AMR 323 Transportation
3/10/2009 Lowe's 82 Retailing
3/10/2009 Principal Financial 60 Financials
3/10/2009 United Technologies 11,600 Conglomerates
3/4/2009 Northrop Grumman 750 Aerospace
3/4/2009 Dover 180 Conglomerates
3/4/2009 General Dynamics 1,379 Aerospace
3/3/2009 U.S. Steel 6,705 Materials
3/3/2009 FirstEnergy 335 Utilities
2/26/2009 Chesapeake Energy 215 Oil & Gas Operations
2/26/2009 JPMorgan Chase 14,000 Banking
2/25/2009 Dow Chemical, Corning 800 Joint Venture
2/25/2009 Coach 150 Household
2/24/2009 Micron Technology 2,000 Semiconductors
2/19/2009 Avon Products 3,000 Household
2/19/2009 Forturne Brands 236 Consumer Durables
2/18/2009 Chevron 230 Oil and gas
2/18/2009 Delta Air Lines 2,100 Transportation
2/18/2009 Best Buy 540 Retailing
2/18/2009 Goodyear 5,000 Consumer Durables
2/17/2009 MDU Resources 130 Utilities
2/17/2009 General Motors 66,758 Consumer Durables
2/17/2009 Johnson Controls 205 Consumer Durables
2/17/2009 Smithfield Foods 1,800 Food
2/16/2009 Delphi 800 Consumer Durables
2/11/2009 United Technologies 1,350 Conglomerates
2/11/2009 W.W. Grainger 400 Capital Goods
2/11/2009 Terex 5,000 Capital Goods
2/10/2009 News Corp. 90 Media
2/10/2009 U.S. Airways Group 233 Transportation
2/10/2009 Nike 1,400 Products
2/5/2009 Estée Lauder 2,000 Personal Products
2/5/2009 Allergan 460 Pharmaceuticals
2/4/2009 Time Warner 2,750 Media
2/4/2009 Cisco Systems 2,000 Technology
2/3/2009 Bancshares 500 Banking
2/3/2009 Electronic Arts 1,100 Software
2/3/2009 PNC Financial Services 5,800 Banking
2/3/2009 Comcast 50 Media
2/2/2009 Goodrich 35 Aerospace
2/2/2009 Macy's 7,000 Retailing
1/30/2009 Sears Holdings 300 Retailing
1/29/2009 Broadcom 200 Semiconductors
1/29/2009 International Gaming Technology 200 Leisure
1/29/2009 Textron 4,665 Conglomerates
1/29/2009 Ford 3,800 Durables
1/29/2009 Eastman Kodak 4,500 Household
1/29/2009 Black and Decker 1,200 Household
1/28/2009 Starbucks 6,700 Restaurants
1/28/2009 Boeing 10,000 Aerospace
1/27/2009 Target 1,000 Retailing
1/27/2009 Masco 600 Construction
1/26/2009 Texas Instruments 3,400 Semiconductors
1/26/2009 Lincoln National 540 Insurance
1/26/2009 Home Depot 7,000 Retailing
1/26/2009 Pfizer 19,800 Pharmaceuticals
1/26/2009 Sprint Nextel 8,000 Telecommunications
1/23/2009 Abercrombie & Fitch 50 Retailing
1/23/2009 Harley-Davidson 1,100 Consumer Durables
1/22/2009 Microsoft 5,000 Software
1/22/2009 Huntsman 1,665 Chemicals
1/21/2009 Burlington Santa Fe 2,500 Transportation
1/21/2009 UAL 1,000 Transportation
1/21/2009 SPX 400 Conglomerates
1/21/2009 Intel 5,000 Semiconductors
1/21/2009 Wynn Resorts 53 Leisure
1/21/2009 Eaton 5,609 Capital Goods
1/20/2009 Clear Channel 1,850 Media
1/16/2009 ConocoPhillips 1,300 Oil & Gas
1/16/2009 Hertz Global Holdings 4,000 Business Services
1/16/2009 WellPoint 600 Health Care
1/16/2009 Advanced Micro Devices 1,700 Semiconductors
1/15/2009 Xerox 275 Business Services
1/15/2009 MeadWestvaco 2,000 Materials
1/15/2009 Autodesk 750 Software
1/15/2009 Marshall & Ilsley 830 Banking
1/14/2009 Ecolab 1,000 Chemicals
1/14/2009 Motorola 4,000 Technology
1/13/2009 KeyCorp 200 Banking
1/13/2009 Newell Rubbermaid 75 Household
1/12/2009 Mosaic 1,000 Chemicals
1/12/2009 Precision Castparts 40 Defense
1/9/2009 Oracle 500 Software
1/9/2009 Smithfield Foods 75 Food
1/8/2009 Union Pacific 230 Transportation
1/7/2009 Walgreen 1,000 Retailing
1/7/2009 EMC 2,400 Technology
1/6/2009 Alcoa 13,500 Materials
1/5/2009 Cigna 1,100 Health Care
12/31/2008 Mohawk Industries 160 Consumer Durables
12/31/2008 Tyson Foods 120 Food
12/31/2008 Target 132 Retailing
12/30/2008 Allegheny Technologies 323 Materials
12/30/2008 Motorola 400 Technology
12/23/2008 ULA (Boeing, Lockheed Martin) 172 Joint Venture
12/23/2008 Las Vegas Sands 11,500 Leisure
12/22/2008 Parker-Hannifin 405 Capital Goods
12/19/2008 Genworth Financial 1,000 Insurance
12/19/2008 Sovereign Bancorp 1,000 Banking
12/18/2008 Omnicom Group 3,145 Media
12/17/2008 Ryder System 3,100 Services
12/17/2008 Western Digital 2,500 Technology
12/17/2008 Aetna 1,000 Health Care
12/17/2008 Parker-Hannifin 46 Capital Goods
12/17/2008 Bristol-Myers Squibb 3,700 Pharmaceuticals
12/16/2008 CBS 30 Media
12/15/2008 Merrill Lynch 400 Financials
12/15/2008 Charles Schwab 100 Financials
12/12/2008 International Paper 2,050 Materials
12/11/2008 Bank of America 35,000 Banking
12/11/2008 Whirlpool 250 Durables
12/10/2008 Mohawk Industries 105 Durables
12/09/2008 Praxair 1,600 Chemicals
12/08/2008 Anheuser-Busch Co. 1,400 Food
12/08/2008 Wyndham Worldwide 4,000 Leisure
12/08/2008 Dow Chemical 5,000 Chemicals
12/05/2008 Cablevision 100 Media
12/05/2008 Staples 140 Retailing
12/04/2008 Steel Dynamics 65 Materials
12/04/2008 Windstream 170 Telecommunications
12/04/2008 E.I. du Pont de Nemours 2,500 Chemicals
12/04/2008 AT&T 12,000 Telecommunications
12/03/2008 Gannett 2,000 Media
12/03/2008 Adobe Systems 600 Software
12/03/2008 Jefferies Group 300 Financials
12/03/2008 Viacom 850 Media
12/01/2008 PepsiCo 87 Food
11/25/2008 Dana Holding 50 Durables
11/24/2008 BlackRock 10 Financials
11/21/2008 Western Union 200 Business Services
11/20/2008 Bank of New York Mellon 1,800 Banking
11/20/2008 Boeing 800 Aerospace
11/17/2008 Citigroup 52,000 Banking
11/14/2008 Sun Microsystems 6,000 Technology
11/12/2008 Applied Materials 1,800 Technology
11/12/2008 Morgan Stanley 2,000 Finance
11/12/2008 Liberty Media 910 Retailing
11/11/2008 AK Steel Holding 800 Materials
11/6/2008 Mattel 1,000 Household
11/6/2008 MGM Mirage 400 Leisure
11/4/2008 Hartford Financial Services Group 500 Finance

Watch out for bank fees

According to the latest bankrate.com study, ATM fees average $1.97. That's 11 percent higher than the prior year.

Another common culprit: overdraft fees. Overdraft fees kick in when you don't have enough money in your account to cover a transaction.

If you can't maintain daily minimum of your account, there is penalty charged.

Some banks also charge for online payment services.

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Fed sees no economic recovery this year

Source: cnnfn.com written by Veronica Smith (AFP)

WASHINGTON (AFP) – The Federal Reserve no longer sees signs of recovery this year from a prolonged recession and only weak growth in 2010, minutes of a policy-setting meeting said.

Despite massive interventions by the Fed and other government bodies to jumpstart the moribund economy and unblock tight credit, policymakers at a March meeting viewed grimmer projections than those made two months earlier.

The United States, among the earliest to enter recession after financial turmoil stemming from a home mortgage meltdown, could begin to grow again "slowly" next year despite numerous constraints, according to Fed projections.

"Real GDP (is) expected to flatten out gradually over the second half of this year and then to expand slowly next year," the minutes of the Federal Open Market Committee (FOMC)'s March 17-18 meeting said.

The central bank anticipated the recovery "as the stresses in financial markets ease, the effects of fiscal stimulus take hold, inventory adjustments are worked through, and the correction in housing activity comes to an end."

The United States plunged into recession in December 2007 after a home mortgage meltdown triggered a financial crisis that spread around the world, slashing economic growth.

FOMC chairman Ben Bernanke and his policymakers at the March meeting stared down grim staff-prepared forecasts that were sharply lower than the outlook prepared for the January FOMC meeting.

In January, the economy was expected to recover "gradually" during the second half of 2009 albeit shrinking between 0.5 percent and 1.3 percent for the full year.

The central bank had also predicted growth would accelerate to between 2.5 percent and 3.3 percent for 2010. Critics at the time had said the forecasts were overly optimistic.

"Nearly all meeting participants said that conditions had deteriorated relative to their expectations at the time of the January meeting," the latest FOMC minutes said.

The slowdown was broad, across sectors, and included large declines in equity prices, a further drop in house prices, mounting job losses that threatened to further depress consumer spending and weakening business capital spending.

Policymakers noted "the apparent sharp fall" in foreign economies that was hitting US exports, reducing their supporting role for the US economy in the near term.

They also highlighted significant uncertainty about the prospects for the economy, which slid into recession in December 2007.

Most meeting participants saw "predominating" downside risks in the near term, mainly due to potential "adverse feedback effects" from rising unemployment weighing on consumer spending and mounting losses at financial institutions further tightening credit conditions.

"All told, this suggests that third-quarter and fourth-quarter GDP results aren't likely to show any sort of recovery, while the unemployment rate could breach the upper range of the FOMC's projections of 9.2 percent, and perhaps reach double-digits," said Terri Belkas at Forex Capital Markets.

In a speech in Tokyo Wednesday, Dallas Federal Reserve chief Richard Fisher said that the economy probably contracted in the first three months of the year at an annual pace "very similar" to the previous quarter, when GDP shrank 6.3 percent.

Policymakers in March voted to unanimously hold the Fed's base interest rate at a historically low range of zero to 0.25 percent, where it has been since mid-December.

They also announced a 1.15-trillion-dollar initiative to unblock frozen credit, including ramped-up purchases of mortgage-backed securities and the launch of program to buy long-term Treasury bonds.

Brian Bethune, chief US financial economist at IHS Global Insight, suggested the Fed should try to encourage demand for its new Term Asset-Backed Securities Loan Facility (TALF), intended to unlock credit flows for auto loans and credit cards.

"The Fed needs to work with Congress to iron out some of the wrinkles that are impeding a more rapid uptake of investors and borrowers within this program. This clearly needs to be a short-term priority," Bethune said.