Layoffs Strain Austin Tech Sector Amid Economic Slump
Austin faces nearly 1,400 layoffs this month, with more than a dozen tech firms cutting about 1,200 jobs as Montgomery Ward plans 217 cuts and analysts say the downturn could ease labor shortages. Economists caution against calling it a trend as unemployment drops to 1.6 percent and firms seek talent.
MENTIONED IN THIS ARTICLE
Austin
Montgomery Ward
Judge restrains UP strikers
A federal judge reaffirmed a temporary restraining order keeping Union Pacific engineers on the job after a strike began. A Feb 7 hearing was set on a preliminary injunction. The union says the changes in personal leave were imposed unilaterally and violated the Railway Labor Act.
MENTIONED IN THIS ARTICLE
Associated Press
Omaha
Neb
Union Pacific
USS
Lyle Strom
John Bromley
Strom
Brotherhood of Locomotive Engineers
Edward Dubrowski
Dubroski
Bankruptcy auction OK'd for Trans World Airlines
A federal bankruptcy judge approved American Airlines 200 million emergency financing for TWA and cleared the way for an auction of the airline. Continental Northwest and former owner Carl Icahn objected. bidding starts from 500 million plus debt, with a 75 million minimum over bid and a 65 million breakup fee if the deal fails. TWA could set an auction date before March 12.
MENTIONED IN THIS ARTICLE
Associated Press
Wilmington
Del
American Airlines
Trans World Airlines Inc
U.S
Sue L. Robinson
Continental
Northwest
TWA
Carl Icahn
American
William Compton
Also Mentioned on This Page
Dow Jones Industrials
Dow Jones Transportation
Dow Jones Utilities
Nyse Composite
Amex Index
S&p
Russell
Wilshire
Stock Exchange
HicaLicuts
Nyse Amex
Nasdaq
OnvHar
UrsusTel
Desgnf P
Celsion
Larscom
F& Nat
Harkens
IdeaMall
Yjgc Cos
Sthehynr
Nwwcim
Wamaco
Atlantis
Ibeamb N
EIX Pib
ClearWkn
SciLmCp
EIX Pfa
Pgecap Pf
AntTech
Chiq Pfb
Jeffrey J. Day
Palmer Highway
Texas City
Texas
Edwardjones.com
AMR S NY
JDS Unis
Lucent
BMG NY
Maxam Amex
Amoco NY
McDnids
BakrHu NY
Merck NY
Bk of Am NY
Mertyns NY BluDolp
BootsCts
Amnex
Mitchin
Calpines NY
Motorolas
Cisco S
Coastal NY
Nunsrent NY
CocaCl NY
Nextel' S
Compaq NY
OlfcDpt NY
Conocot NY
Oracle Nash
CilAir B
PMC Star
Nash
Cooper NY
Penney NY
Cornings
PepsiCo
Aim
Pfizer NY
DeliCptr Nash
ReliantEn NY
DukeEngy NY
RickCab
SBC Com NY
Emcs NY
Sears NY
ElPasEn NY
Smithin NY
Enron NY
Solutia NY
Eric Tel S
Nasd
SwstAirs NY
Exodusc S Nasd
SunMicros Nasd
ExxonMob NY
Syscos NY
Fedrds NY
TRW
Fordm
Texinsts
GenElecs NY
Usxmar NY
GenMills NY
Ucarb NY
GnMett NY
UnionPac NY
Hcahith NY
Upinitt NY
Hewlett’s NY
Valero NY
HomeDp NY
VerizonCm NY
Honclint
WalMart NY
vilmpSugr
Wsteminc NY
Britain
Canada
Ana Fa
France
Treasuries
Germany
Italy
Japan
Mexico
Mutual
Fidelity Invest
Magellan
Vanguard
Invcoaa P LV
Webmuta Pl
Grolnc
Janus
Gwihfda
Amer Century Ue
Altan LG
Widw
Eupaca Pgl
Newpera
GroCon
Penn
Eratepper, Inc
Serunks
Bromley
Jian Ning Zhou
Dragon
Mainland
Palmer Hwy
Mainlandbank.com
Mainland Bank
Texas City Sun P.O
Nita Dennett
Call
Valentine
Lola
Sweetheart
Forey
Sally
Russ Pringle