NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out process that had attracted interest from several major media companies.
All those job cuts at automakers, newspapers and even Starbucks are hard to stomach. But in a roundabout way, they may actually help the economy a bit.
Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation´s services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.
The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year´s July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.
