It's Our City is a project that uses TV, Radio and Web
to promote civic engagement in the Philadelphia region.Local economy taking a hit
Friday, November 14th, 2008 at 12:12 am - by Matt Campbell. Filed under: Economy.
I don’t mean to the bearer of bad news but this economic crisis is beginning to really take its toll on the region. I’ve compiled a few headlines to show you what I mean. All of these stories are from the past two weeks.
PA Turnpike Authority to cut jobs
Tasty Baking in Phila logs $1.4m loss
Subaru of America based in Cherry Hill, NJ reports 14% drop in sales for Oct
Toll Brothers homebuilder based in Horsham, PA. reports revenue drop of 41%
Journal Register in Yardley, PA may close 13 Conneticut newspapers
City of Camden begins layoffs
QVC based in West Chester to cut hundreds of workers
City of Philadelphia announces budget cuts
Glaxo to close Phila HQ
Comcast to shut down CN8
Kulicke & Soffa based in Fort Washington, PA cutting 240 jobs
A.C. Moore based in Berlin, NJ reports $7.5m loss
Unisys based in Blue Bell, PA reports $34m loss
Equity One is laying off 147 workers at 301 Lippincott Drive, Suite 100, in Marlton this month.
GMAC Mortgage is laying off 32 workers at 7 Carnegie Plaza in Cherry Hill on Nov. 26.
Popular Mortgage is laying off 167 workers at 121 Woodcrest Road in Cherry Hill this month.
Bank of America is laying off 109 employees at 340 S. Warminster Road in Hatboro.
Cigna posts 53% decline in profit
January 5th, 2010 at 6:14 pm
The index surged 1.4 percent on Monday, its first session of the year, to close at its highest since October 2008, as upbeat U.S