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NEWS ABOUT: closing

Cash-Squeezed Calif. to Close Offices Twice a Month

Labor unions file suit opposing cost-saving move

(Newser) - In another creative and/or desperate budgeting move from the Governator, California state offices will close 2 days a month, the Wall Street Journal reports. The state is low on cash and facing a budget deficit expected to swell to $42 billion deficit over the next 18 months. The days off,... More »

In Rare Move, Toyota to Suspend Production in Japan

11-day break amid shrinking demand is first since 1993

(AP) - Toyota is suspending production at all 12 of its Japanese plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand. The last time it halted production at all its Japanese plants was in August 1993,... More »

Optimism Sends Stocks Surging

Investors brush off news of spiking oil prices

(AP) - Wall Street soared for the second straight day today, rallying in the last hour of trading after a rebound in financial stocks and optimism about private sector jobs helped investors brush off a sharp jump in oil prices. The Dow rose 186 points to 11,583.69, the S&P... More »

Chrysler Will Shut Down for 2 Weeks

Forced July vacation part of automaker's revamping effort

(Newser) - Chrysler plans to shut down all operations for two weeks in July to save money and “accelerate Chrysler's recovery and transformation,” CEO Robert Nardelli writes in a company memo. Employees will take a forced break July 7-20 “in order to create better alignment and efficiency across organizational... More »

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