Baseline articles

Recent articles from Baseline

Lessons From General Motors' Fall from the Top.
January 23, 2008... The news today is grim on several fronts, as recession fears continue to grip world markets. If plunging markets and an economic slowdown weren't bad enough, it became official that General Motors is no longer the world's largest auto manufacturer. While GM hasn't lost the title entirely,...

Apple Execs Get Bonuses, Jobs Still at $1.
January 23, 2008... NEW YORK (Reuters) - Several senior executives at Apple Inc took home 2007 cash bonuses that doubled their salaries but Chief Executive Steve Jobs maintained his annual pay of $1 and took no additional compensation, the company said on Wednesday. "In fiscal year 2007, Mr. Jobs's entire...

Motorola Forecasts Loss on Struggling Phone Biz.
January 23, 2008... NEW YORK (Reuters) - Motorola Inc said on Wednesday it will post an operating loss in the current quarter as recovery in its cell phone business is taking longer than expected, dashing Wall Street expectations for a profit and sending its shares down as much as 14 percent. The miss of as...

Yahoo Plans to Cut Hundreds of Jobs: Source.
January 22, 2008... SAN FRANCISCO--Yahoo is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday. Yahoo spokeswoman Diana Wong declined to comment on a report published on the...

Fed Slashes Interest Rates.
January 22, 2008... WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday slashed U.S. interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession. The action by...