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Analysts see 200,000 banking industry layoffs (MSNBC) - The U.S. financial industry has been shedding jobs at a record clip, and some analysts predict the pace will only accelerate over the next year-and-a-half.
Banking industry to lose 200,000 jobs (CNN Money) - Financial research firm says cuts will appear over 12 to 18 months as subprime crisis hits other areas of the banking industry.
IATA slashes air industry profit forecast again (Reuters via Yahoo! News) - The International Air Transport Association (IATA) on Tuesday cut its profit forecast for the airline industry for the second time in four months due to rising oil prices and deepening global economic gloom.
IATA cuts profit outlook for air industry (Reuters via Yahoo! News) - The International Air Transport Association (IATA) on Tuesday cut its profit forecast for the airline industry for the second time in months due to the global economic slowdown and high oil prices.
New Details Revealed of Music Industry Plan to OK P2P (Wired News) - Wired.com has exclusive details of the music industry's controversial plan to charge a fee for unlimited music downloads using P2P networks.
Airline Industry Improving Efficiency (AP via Yahoo! Finance) - The aviation industry, faced with skyrocketing fuel prices, is striving in many ways to improve aircraft efficiency, experts at the Aircraft Interiors Expo said Tuesday.
London research firm touts wind industry (UPI) - London-based Datamonitor predicts challenges in the global wind energy industry.
Building industry welcomes rates reprieve (ABC via Yahoo!7 Finance) - The ACT Master Builders Association has welcomed the Reserve Bank's decision to keep interest rates on hold, saying the local industry is already seeing the effects of recent rate rises.
California Hotel & Lodging Association Announces USA TODAY Stars of the Industry Award Winners (wallstreet:online AG) - The California Hotel & Lodging Association announced the Stars of the Industry award winners at the
Hong Kong Woos the Wine Industry (South African Wine News) - The Hong Kong government's decision to abolish duties on wine, beer and all alcoholic beverages, announced late last month, has stirred the imagination of local wine industry players, who envision the city becoming Asia's wine hub.
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Battered by Industry Slump, GM and Chrysler Hold Merger Talks (Washington Post) - General Motors and Chrysler, bruised by the severe industry downturn, have held preliminary discussions about combining operations, including a full-scale merger, according to people familiar with the talks. It was unclear over the weekend whether the discussions were progressing and what, if anything, would result.
Travel industry begins its descent (Minneapolis-St. Paul Star Tribune) - The travel industry has been hit hard by the economic slowdown, particularly in the past few weeks. Airlines reported sharp declines in passenger traffic for September.
Steel industry attacks Brussels plans (Financial Times) - A steel and iron industry lobby group has accused bureaucrats of a “vindictive” campaign to chase the sector out of Europe to meet European Union climate change goals.
US car groups prepare for industry shake-up (Financial Times) - A massive realignment is looming in the global motor industry as financially troubled carmakers and their parts suppliers seek stronger partners and buyers.