Penney cuts jobs and closes three catalog facilities
Penney plans about 2000 job cuts and closes a catalog fulfillment center in Atlanta and two call centers in Atlanta and Lenexa by summer. About 800 full-time Atlanta jobs and 700 part-time center jobs will go, part of wider cuts across four fulfillment centers and ten call centers. The move aims to save 30 million yearly from 2004, with pretax charges around 40 million this year.
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War Could Worsen Airlines Woes Amid Iraq Invasion Fears
Airline executives warned major carriers face severe finances likely to deteriorate if the United States enters war with Iraq. Don Carty cited Gulf War impacts as a precedent while Sen. Hollings noted steep declines since Sept. 11 and mass layoffs. Despite Congress aid, airlines still project billions in losses and bankruptcies.
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Nike Appeals to Supreme Court Over Free Speech Protection
Nike Inc. wins a chance to challenge First Amendment limits on corporate speech. The case centers on Nike's campaigns about wages, worker treatment, and health and safety at Asian plants, faced after a San Francisco activist alleged misleading claims. The Supreme Court will hear arguments in the spring, amid debates over commercial speech doctrine and corporate public relations.
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