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Another example how the investing class is a drain on the nation:

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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 08:43 PM
Original message
Another example how the investing class is a drain on the nation:


http://www.thestreet.com/story/10640257/1/gannett-investors-reward-job-cuts.html

Gannett Investors Reward Job Cuts

12/07/09 - 04:43 PM EST

NEW YORK (TheStreet) -- Market investors are applauding Gannett's(GCI Quote) decision to cut another group of staff -- and just in time for the holidays.

Gannett stock jumped 8% to $11 after the announcement on Friday, forty-five minutes before the closing bell.

In its most recent round of layoffs yet, Gannett has made the call to cut 166 jobs at the Journal News, located outside New York City. The paper covers three counties north of the city. The work will be replaced through the outsourcing of printing and mailing operations.

snip

The Journal News will also try to sell its Harrison headquarters, the printing location for both the Journal News and the Poughkeepsie Journal. The big next step for the Journal News would be to either lease back space or relocate.

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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 08:56 PM
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1. Blood sucking parasites
:nuke:
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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 09:05 PM
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3. They won't change without an intervention. nt
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BuelahWitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 09:02 PM
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2. Otherwise known as the "I got mine, F U!" crowd...n/t
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-10-09 09:13 PM
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4. K&R
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