Thursday, December 04, 2008

One thousand lose jobs at Gannett, naturally company stock goes up

What a system we have in America.

One thousand people lost their jobs in the latest purge at Gannett Co. so naturally that is looked on as a positive sign by those buying and selling stocks.

The company's stock price improved 19 cents per share Wednesday to close at $8.87. Of course, that is a far cry from the $39.50 per share Gannett recorded within the past calendar year.

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