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PNC National City

In February 2009, PNC Financial Corporation announced it will cut about 10 percent of its workforce, or about 5,800 employees by 2011. They include about 4,000 job cuts that National City Corporation announced in October 2008 before the acquisition. The announcement came as PNC reported its first loss since 2001, in the forth quarter of 2008, a loss partly due to costs of integrating of National City Corporation into the company.WKRC-TV: PNC, Fidelity Announcing Layoffs (February 3, 2009) Bloomberg: PNC Shares Fall as Bank Reports First Loss Since ’01, Job Cuts(February 3, 2009)

updated 2010-07-17 19:02:33

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Bill Heard Chevrolet

• Alabama Blog: Bill Heard closing auto dealerships

updated 2010-07-16 23:13:47

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XCOR Aerospace

1. EZ-Rocket: First rocketplane, flown 26 successful test flights
2. Rocket Racer: Derivative of the EZ-Rocket, to be used in the Rocket Racing League
3. Lynx suborbital vehicle: Reusable craft to take passengers into suborbital spaceOfficial Site: XCOR Aerospace - Products Overview
   • -Formerly known as the Xerus suborbital spaceplaneThe Space Review: One size may not fit all (March 31, 2008)

updated 2010-07-18 03:02:55

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Chrysler Layoffs

• BloggingStocks: Chrysler slashes 12,000 (November 1, 2007)

• AutoblogGreen: 11,000 fewer jobs, two new hybrids at Chrysler (November 1, 2007)

• Joe Biden for President - Blog: Chrysler Announces 12,000 Additional Job Cuts (November 1, 2007)

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updated 2010-07-17 01:36:43

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Fannie And Freddie Bailout

• El Paso Times: Bailout doesn't curb all credit woes - El Paso Times (September 9, 2008)

• CNN Money: U.S. seizes Fannie and Freddie (September 7, 2008)

• FOXNews.com: Congressman Confirms Fed Rescue... (September 6, 2008)

• The Wall Street Journal: U.S. Near Deal on Fannie, Freddie (September 6, 2008)

• USA Today: Reports: Fannie Mae and Freddie Mac to be seized (September 5, 2008)

• Business Week: Freddie, Fannie Shares Sink on Bailout Concerns (July 11, 2008)

• The New York Times: Putting Their Houses in Order (July 12, 2008)

• Financial Times Video: Fannie Mae and Freddie Mac (Time: 2:07)

• Agence France-Presse: US could take over mortgage giants... (July 11, 2008)

• Yahoo! Finance: U.S. Weighs Takeover of Two Mortgage Giants (July 11, 2008)

• The New York Times: Fannie and Freddie Shares Slide... (July 12, 2008)

• NBC News Video: Uncertainty Reigns (Time: 1:36)

• <iframe height="339" width="425" src="http://www.msnbc.msn.com/id/22425001/vp/25642859#25642859" frameborder="0" scrolling="no"></iframe>

updated 2010-07-17 04:58:54

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DFT

• Google Blog Search: DFT

• Data Center Knowledge: DuPont Fabros Execs Buying Shares (October 30, 2007)

• Blogging Stocks: Internet 'plumber' DuPont Fabros raises $640 million in IPO (October 19, 2007)

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updated 2010-07-17 03:21:20

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IndyMac Fraud Investigation

On July 11, 2008, federal regulators seized control of mortgage lender IndyMac and the FDIC was put in control of the company's operations. IndyMac's collapse has been called the second largest bank failure in U.S. history.The Associated Press: Government Shuts Down Mortgage Lender IndyMac (July 11, 2008) In the days that followed, hundreds of IndyMac customers lined up outside branches in California to withdraw their money from the failed bank.The Associated Press: Scared IndyMac bank customers demand their money (July 16, 2008)

updated 2010-07-17 10:36:56

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Stock Market

• Nasdaq: Official Website

updated 2010-08-14 00:48:05

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Larry Wachtel Dies

• Google Blog Search: Larry Wachtel

• Gothamist: Financial Analyst & Commentator Larry Wachtel Dies at 77 (December 3, 2007)

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updated 2010-07-17 13:12:00

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