Lender GMAC Financial Services said Wednesday that it will close all of its 200 retail offices and lay off about 5,000 employees as part of a plan to reduce its mortgage lending and servicing operations because of the housing market downturn. ...more

September 4, 2008

Starbucks Corp. said Tuesday it will close 600 company-operated stores in the next year, up dramatically from its previous plan for 100 closures, a sign the coffee shop operator continues to struggle with the faltering U.S. economy and its own rapid expansion. ...more

July 2, 2008

Media General, parent company of The Tampa Tribune, said it expects to make less money from publishing but to beat analysts' earnings estimates overall. ...more

June 11, 2008

GMAC Financial Services said on Wednesday it would cut about 3,000 jobs, or 25 percent of the work force at its Residential Capital LLC mortgage operation. ...more

October 18, 2007

Gannett Co., the largest newspaper publisher in the country and owner of USA Today, said Wednesday that third-quarter earnings fell 10.5 percent, the result, in part, of slumping real estate ads and a tough comparison to year-ago results boosted by heavy political advertising. ...more

October 18, 2007

St. Joe Co., Florida's largest private landowner afflicted by the worst housing slump in 16 years, plans to eliminate more than 75 percent of its work force, sell about 100,000 acres and scrap its dividend. ...more

October 9, 2007