US, GLOBAL: Layoffs Without Notice Sting Workers
With the economy weakening, chief executives want Wall Street to see them as tough cost-cutters who are not afraid to lay off workers. Big companies also routinely carry out scattered layoffs that are small enough to stay under the radar, contributing to an unemployment rate that keeps climbing. I.B.M. is one such company.
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US: Ex-Leaders at Countrywide Start Firm to Buy Bad Loans
Countrywide Financial made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering. So it may come as a surprise that a dozen former top Countrywide executives now stand to make millions from the home mortgage mess, buying up delinquent home mortgages that the government [...]
GEO Group, Inc.: Despite a Crashing Economy, Private Prison Firm Turns a Handsome Profit
While the nation’s economy flounders, business is booming for The GEO Group Inc., a private prison firm paid millions by the U.S. government. Behind the financial success and expansion of the for-profit security company, there are increasing charges of negligence, civil rights violations, abuse and even death.