Consumer News

Bank of New York Mellon plans to cut 1,800 jobs.

CEO Tom Curley say the Associated Press staff will shrink 10%.

JPMorgan plans to cut 10% of it's investment bank staff.

NC jobless rate for October will be released Friday.

Effective Jan. 1, no new employees "will be enrolled in the Random House, Inc. Pension Plan."

The Fed's report shows commercial banks averaged $91.6 billion in daily borrowing over the past week.

Stocks tumbled in the final minutes of trading to levels not seen since 2002.

Investors worry about mixing a new report of a 16-year high in in jobless claims with a 5-year low in the Dow closing.

The 37-member board will hear presentations Friday on how North Carolina can keep its innovative edge, and about the aerospace defense industry.

Investors were discouraged by the Fed's sharply lowered projection for economic activity this year and next.

La-Z-Boy plans to cut 850 jobs.

Wyeth Pharmaceuticals cuts 124 jobs in Sanford.

Giving your card to someone or even going to the ATM could be a risk. VIDEO

The company says the reorganization will save about $2 billion at GE Capital in 2009.

Hanesbrands Inc. announced Tuesday that it is eliminating approximately 210 positions in management and corporate functions.
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