Sort of continuing from my last post, it seems that popular electronics retailer Circuit City is filing for Chapter 11 Bankruptcy. According to reports, Circuit City will be laying off about 20% of its workforce.
In other financial news, the WSJ is reporting that Citibank is buying "a bank." They have no word on the name of the bank except that most of its branches are in Texas and California.
Finally, both Nortel Networks and DHL are cutting jobs. I don't mean to be negative, but doesn't this sound like a recession to anyone else?
Luckily it seems that in unstable economic times, cuteness prevails. I bring you: a baby pygmy hippo. Enjoy.
Monday, November 10, 2008
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