Word: microsoft
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Dates: during 2000-2009
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...Some of these attacks can be attributed to simple racism, but it's also reasonable to assume that the economic downturn is causing greater competition for jobs and rising frustration among locals. British workers have protested the use of foreign workers. Sen. Charles Grassley of Iowa has asked Microsoft to fire foreign workers first when layoffs arrive. The Italian Senate approved a bill Thursday that encourages doctors to turn in illegal immigrants who they've treated. Put simply, bad times fuel xenophobia. "History is full of cases of scapegoating triggered by economic crisis," says Francesco Billari, a professor of demography...
...Caterpillar is the ultimate hardware maker, fashioning massive steel earthmovers in vast factories that spark and clang, Microsoft, which recently announced its first serious job cuts, is the behemoth of software, silently manipulating ones and zeros. Worlds apart, they've come together in the layoff business. Whether a company chops trees (Weyerhaeuser) or prices (Target), whether it sells Lipitor (Pfizer) or lumber (Home Depot), whether it services oil rigs (Baker Hughes) or cell phones (Sprint Nextel), job one is cutting payroll...
...where are you investing now? We were in defensive stocks all last year, and that's still the bulk of our portfolio. Johnson & Johnson, Kraft, Pfizer, Microsoft - a lot of stocks that have great positioning in the market, really strong balance sheets to weather problems, stable top line. Those sorts of stocks have stability in down markets, though that stability hurts you when things start taking off. Around the edges now, in October and November, we started adding some more aggressive names, like some of the oil guys which bounced real hard. We bought Anadarko. We bought Valero...
...Microsoft (MSFT) said its last quarter was bad, and looking out over the next six months, its businesses will probably deteriorate further. With sharp personnel cuts and the sale of its video game operation, the fortunes at the world's largest software company could rapidly change and the stock could outperform the market. Of course, management may be stubborn and there may be no restructuring at all. (See pictures of Bill Gates: The Early Years...
...Microsoft • thousands of employees laid...