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...Cisco (CSCO) cut 3,000 of its 66,000 people last year. CEO John Chambers has said that the company plans to avoid job cuts. Cisco probably has as much or more cash on hand as any tech company in the U.S., holding $27 billion in available funds. The company is in the midst of a very rapid expansion into the server and data center business. That will require extra personnel and may involve acquisitions. Cisco is in several businesses which are nearly recession-proof and should continue to do well. Its core router operation is critical to building...
...Some of the companies on the list are simply doing so well that they cannot afford to do without all the people that they have. Not only will these companies be unlikely to fire people but some may actually be hiring. The other firms included have large amounts of cash on their balance sheets and have elected to use the slow economy to develop new products and services to take share away from financially weaker competitors. A few of the companies on this list had modest job cuts last year. None of them were significant and are highly unlikely...
...propaganda. In Indonesia, the number of newspapers has increased from a few dozen when strongman Suharto was deposed in 1998 to roughly 800 today. The market is so buoyant that a new English-language paper, the Jakarta Globe, revved up its printing presses last November, just as several cash-strapped American papers were readying their final editions. "The Indonesian middle class is growing, and many households subscribe to two newspapers," says Ali Basyah Suryo, strategic adviser to the start-up Globe. "People like to hold the newspaper in their hands and even clip stories or save copies. It's seen...
Some places figured out that children, those adorable cash suckers, could clear a passage into our pocketbooks, beyond the old kids-eat-free-on-Tuesday promotions. Colorado's Aspen-Snowmass ski resort arranged for kids to fly free and threw in lift tickets for those accompanied by a paying adult. (Read "How To Know When The Economy is Turning...
...scads of lushly paid Wall Streeters have driven the financial sector into a ditch, and taxpayers around the world are spending trillions of dollars to fix the problem. This chain of events has, understandably, focused big-time scrutiny on financial-sector compensation. President Barack Obama plans to limit cash pay to $500,000 for the top five executives of firms that take more aid from the government, and the stimulus legislation he signed into law on Feb. 17 sharply restricts bonuses for the 25 highest-paid employees of any company that has taken bailout money. While Wall Street is unhappy...