Layoffs Up 15.9% in November
Chicago, IL, December 5, 2007--Companies announced layoffs jumped 15.9% last month as the economy grappled with a worsening housing slump and credit crisis, according to Challenger Gray & Christmas.
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3Q Productivity Up 6.3%
Washington, DC, December 5, 2007--Productivity in the third quarter rose at an annual rate of 6.3%.
ADP Reports 159,000 Jobs Added in November
New York, NY, December 5, 2007--Nonfarm private employment grew 189,000 from October to November of 2007 on a seasonally adjusted basis, according to the ADP National Employment Report.
Bentley Prince Street Launches the ViVA LA
City of Industry, CA, December 5, 2007-- Bentley Prince Street has launched ViVA LA, a collection of three carpet patterns designed in collaboration with Los Angeles-based artist Andre Miripolsky.
Freddie Mac: Home Price Drop Most in 25 Years
New York, NY, December 5, 2007--Home prices dropped the most in a quarter century in the third quarter as inventories, restrictive lending and a credit crunch yanked support from the market, a Freddie Mac index showed on Tuesday.
Wellman to Leave NYSE
Fort Mill, SC, December 5, 2007--The New York Stock Exchange will suspend trading of Wellman Inc.’s common stock prior to the market opening on December 10 and will move to delist the stock.
Nourison Adds Designs to Liz Claiborne Collection
Saddle Brook, NJ, December 5, 2007--With the successful launch of the Liz Claiborne Home Area Rug Collection in January 2007, Nourison will have several additions for January.
H.B. Fuller Completes $100M Repurchase Program
ST. Paul, MN, December 5, 2007--H.B. Fuller said it has recently completed its $100 million share repurchase plan that was announced in July.
José Durán Wins Tile of Spain Award
Castellón, Spain, December 5, 2007--The jury judging the 6th Tiles of Spain Awards of Architecture and Interior Design awarded first prize in the architecture category to José Durán Fernández’s “Colour Revolution” project.
Solutia Says Bankruptcy Exit Won't Be Delayed
St. Louis, MO, December 5, 2007--Solutia said that its exit from bankruptcy won't be delayed by a legal challenge by a group of bondholders.