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Stocks Open Modestly Higher After GDP Report

Posted: 7:51 AM The Commerce Department says GDP, the widely followed measure of the economy, shrank at a 3.8 percent pace in the final three months of 2008. That compares with a 0.5 percent decline in the previous quarter.

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Disney/ABC TV Group Cuts 400 Positions

Updated: 7:51 PM The Walt Disney Co.'s television division is cutting 400 jobs, or about 6 percent of its work force, due to the slumping economy.

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USPS To Cut Mailing Days?

Posted: 3:10 PM The postmaster general says huge deficits could soon force the post office to cut out one day of mail delivery. Postmaster General John Potter says the loss could reach $6 billion this year.

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Obama Talks About Stimulus Plan

Posted: 2:30 PM The plan's proposed Colorado spending includes nearly $413 million for highways and bridges, almost $95 million for mass transit, $990 million for state budget aid, and nearly $227 million for school modernization.

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IBM Quietly Cuts Thousands of Jobs

Posted: 9:05 AM It isn't releasing specific numbers, but IBM has cut thousands of jobs over the past week including positions in sales, hardware and software divisions.

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Wind Power Hits Economic Storm

Posted: 4:05 PM Wind power has seen historic growth and the blessing of President Barack Obama -- but it's far from recession proof.

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Wind Power Hits Economic Storm

Posted: 3:07 PM Wind power has seen historic growth and the blessing of President Barack Obama -- but it's far from recession proof.

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American Greetings Slashes 200 Jobs

Posted: 11:55 AM American Greetings Corp. says it's cutting about 200 jobs as the company adjusts for weaker sales in the ailing economy.

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Tens of Thousands More Layoffs Announced

Posted: 10:41 AM It's already been a lousy year for workers less than a month into 2009 and there's no relief in sight. Tens of thousands of fresh layoffs were announced Monday and more companies are expected to cut payrolls in the months ahead.

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Home Depot Inc. Cuts 7,000 Jobs

Posted: 10:08 AM A news release sent out by Home Depot Inc. stressed that the layoffs do not affect "orange box" Home Depot stores and no Home Depot employees will lose their jobs. Only Expo Design Centers and YardBIRDS will be affected.

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