Google CEO, wife create $25M endowment at Princeton for technology developmentOctober 13th, 2009 Google CEO creates $25M endowment at PrincetonTRENTON, N.J. — Google CEO Eric Schmidt and his wife have given $25 million to start an endowment fund at Princeton University.
Windstream to cut 350 jobs, or 5 percent of work force, in move to balance out sales declineSeptember 30th, 2009 Windstream to cut 350 jobsLITTLE ROCK, Ark. — Windstream Corp.
NetJets to lay off 5 percent of work force, halt plans for expansion in OhioSeptember 11th, 2009 NetJets to lay off 5 percent of work forceCOLUMBUS, Ohio — Private air charter service NetJets Inc. says it will lay off 5 percent of its employees in an effort to save expenses.
Amid recession, Harvard University's endowment falls to $26 billion, down more than 27 percentSeptember 10th, 2009 Harvard's endowment drops sharply amid recessionBOSTON — The total value of Harvard's endowment plunged nearly 30 percent in the last fiscal year as the Ivy League institution's portfolio was battered by the worldwide recession, the university's management company said. The endowment stood at $26 billion on June 30, after distributions and donations, the university said Thursday.
Brown University reports steep drop in value of endowment; down 27 percentSeptember 10th, 2009 Brown University reports steep drop in endowmentPROVIDENCE, R.I. — Brown University is reporting a steep drop in its endowment.
Yale reports 30 pct drop in endowment from last year, spending cuts plannedSeptember 10th, 2009 Yale endowment falls 30 pct from year agoNEW HAVEN, Conn. — Yale University says its endowment has fallen 30.4 percent from last year, and the school is planning more budget cuts, but no layoffs.
Stanford University lays off more than 400 employees as value of endowment plummetsSeptember 2nd, 2009 Stanford lays off hundreds as endowment shrinksPALO ALTO, Calif. — Stanford University has laid off 412 employees over the past eight months and plans an additional 60 layoffs later this year to offset a steep drop in the value of its endowment.
Firm overseeing Harvard endowment _ battered by recession _ names 2 senior managersAugust 5th, 2009 Pair named to company overseeing Harvard endowmentCAMBRIDGE, Mass. — Two senior investment managers have been hired by the company overseeing Harvard University's endowment, which has absorbed a steep drop in value during the recession.
Publisher of Journal Sentinel to cut 92 jobs, or 6 percent of work forceAugust 4th, 2009 Publisher of Journal Sentinel to cut 6 pct of jobsMILWAUKEE — The publisher of the Milwaukee Journal Sentinel is cutting 92 jobs as the current advertising slump continues to ravage the newspaper business. The cuts represent 6.2 percent of the work force at Journal Sentinel Inc.
APNewsBreak: Source says police recommend dropping charge against black Harvard scholarJuly 21st, 2009 AP source: No charge against black Harvard scholarBOSTON — A person with knowledge of the case against Henry Louis Gates Jr. says police are recommending that the charge against the prominent Harvard University black scholar be dropped.
Cadence to eliminate 225 jobs, or 5 percent of work force, to save $30 million a yearJune 11th, 2009 Cadence to cut 225 jobs, or 5 pct of work forceSAN JOSE, Calif. — Cadence Design Systems Inc.
Obama nominates former GOP congressman to chair National Endowment for the HumanitiesJune 3rd, 2009 Obama picks former GOP rep to head Nat'l EndowmentWASHINGTON — President Barack Obama has nominated former Republican Rep. Jim Leach as chairman of the National Endowment for the Humanities.
Canadian flight training firm CAE to cut 10 percent of work force, 700 jobsMay 14th, 2009 Canadian flight training firm cuts 10 percentMONTREAL — The Canadian flight training company CAE Inc. is slashing 700 jobs, or 10 percent of its work force, in anticipation of a drop-off in orders from the civil aviation sector.
Reading Eagle cuts 52 jobs, about 12 percent of work force, citing troubled economy, industryMay 1st, 2009 Eastern Pennsylvania newspaper cuts 52 jobsREADING, Pa. — The publisher of the Reading Eagle says the newspaper company has laid off 52 workers.
Citing economic downturn, Sovereign Bank laying off 950 a few months after cutting 1,000 jobsMay 1st, 2009 Sovereign Bank laying off 950 workersPHILADELPHIA — Sovereign Bank officials say they will cut 950 jobs, or almost 9 percent of its work force, as part of cost-saving measures in response to the economic downturn. The cuts come just a few months after Philadelphia-based Sovereign Bank, the banking unit of Sovereign Bancorp Inc., laid off 1,000 workers in December.
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