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Microsoft employee benefit assets plummet $1.4 billion
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| Microsoft's assets available for employee benefits fell by $1.4 billion in
| 2008, shrinking by more than a quarter from the year before.
|
| The Redmond-based company's funds available to pay out benefits dropped 26
| percent to $4.01 billion in the year ended Dec. 31, according to a document
| filed Monday with the Securities and Exchange Commission. In 2007,
| Microsoft's available assets for benefits amounted $5.43 billion.
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http://blog.seattlepi.com/microsoft/archives/172580.asp?source=rss
Recent:
Microsoft slashes rates for temp workers, blaming bad economy
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| Microsoft, citing the "realities of a deteriorating economy," will reduce by
| 10 percent the amount it pays employment agencies for many of its temporary
| workers -- and cut by 15 percent the target billing rate for future temporary
| work.
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http://www.techflash.com/microsoft/Microsoft_slashes_rates_for_temp_workers_blaming_bad_economy_40321577.html
Microsoft reaffirms grim outlook for year
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| Shares of Microsoft sank 58 cents, or 3.4 percent, to $16.63 in midday
| trading amid a broader market sell-off.
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http://seattletimes.nwsource.com/html/localnews/2008780059_apmicrosoftanalystmeeting.html?syndication=rss
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