After a while, even investors get used to the bad news. Thursday started moderately low, a tempered response given all the recent bad news from retailers.
But investors wanted to see today's employment data before making another move, and buyers disappeared. The
closed down 216 points.Among the reporting companies making headlines, the nation's largest telecommunication company,
, announced it is going to cut 12,000 jobs, or about 4% of its workforce. The Dallas-based company is making this move in response to the recession and the fact that many of its landline customers have cancelled service and are opting for wireless services.
reported yesterday that it will cut 2,500 jobs. The chemical company is doing so due to a drop in automobile sales, consumer spending and construction.
With this in mind, we thought we'd take a look at some of the stocks people have been searching for on
and see what
To read more,
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned General Electric and Goldman Sachs for his Action Alerts PLUS charitable trust.)
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