Telecom powerhouse, Nortel, is facing a devastating series of punches, can it recover? The Wall Street Journal reported that Nortel has sought Bankruptcy advice in the event that it is unable to complete restructuring plans.  Stock price promptly plummeted (trading at press time in the 22 cent range). That would have been bad enough, but [...]

3 of the 4 submarine cables carrying Internet data across the sea floor have been inexplicably severed.  There has yet to be an indication of sabotage or any other malicious intent, and most user in the United States remain unaffected; however, the potential for this to become a world-wide data fiasco if the remaining cable is cut [...]

No doubt about it, when auto industry executives hop aboard their private jets to beg for congressional handouts, times must be tough. The sad thing is that for most of us, there won’t be a bailout check to keep us floating. It is up to the rest of us to react to market conditions as [...]

Editor’s Note : Happy Holidays everyone! Jingle bells, Wall Street smells, finance laid an egg. Oh what fun it is to watch our retirement slip away. . . That may not be the way the song goes, but it sure did feel that way last month. It was a hard month to find something to [...]

Nothing says “Merry Christmas” like a pink slip.  Yesterday, workers heard that Telecom Industry behemoth,  AT&T, would layoff 4% of its workforce (12,000 people).  Shudders of fear rushed down the spines of already skittish communications workers across the country. We have been watching CNET’s Tech Layoff Scorecard with perverse curiosity since it was first posted [...]