By JOE BEL BRUNO -- AP Business Writer
(Published July 2‚ 2008)
NEW YORK (AP) Treasury bond prices were mixed Thursday after reports showed that the economy lost jobs for the sixth straight month and that the services sector contracted in June.
Reports from the Labor Department and the Institute for Supply Management indicated that the economy remains fragile. And, that led traders to speculate that the Federal Reserve might not be able to raise interest rates to fight inflation.
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By DAVID KOENIG -- AP Business Writer
(Published July 2‚ 2008)
DALLAS (AP) Many more job cuts, likely totaling more than 6,000, are likely at American Airlines as the nation's biggest airline hunkers down and tries to survive record high fuel costs.
American notified its flight attendants union on Wednesday that it will cut up to 900 jobs starting Aug. 31, but that appears to be the tip of the iceberg.
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