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Virginia orders 567 state layoffs amid budget woes
Virginia Gov. Tim Kaine is laying off 567 state workers as the state's budget outlook worsens amid the global financial crisis.Micron Tech cuts global work force by 15 percent
Micron Technology Inc. will cut about 15 percent of its global work force as part of a restructuring of its computer memory chip operations, the company said Thursday.Jobless claims drop from 7-year high
New applications for unemployment benefits dropped last week from a seven-year high, the Labor Department said Thursday, though they remain at elevated levels that indicate recession.Volvo Cars to slash more than 3,000 jobs
Ford-owned carmaker Volvo Cars said Wednesday it will slash more than 13 percent of its work force because of falling global demand.
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