April 2012 Current Events: Business News
Here are the key events in business and science news for the month of April 2012.
Yahoo Cuts 2,000 Jobs (Apr. 4): Yahoo announces it is laying off 2,000 employees, 14% of its staff, as part of a reorganization plan. The reorganizing is a plan from new chief executive, Scott Thompson. In a press release, Thompson explains, "Our goal is to get back to our core purpose — putting our users and advertisers first — and we are moving aggressively to achieve that goal."
Jobs Recovery Slows in March (Apr. 6): The U.S economic recovery slows down in March, adding only 120,000 new jobs. The news is disappointing even though the unemployment rate falls to 8.2 percent, a three-year low. March's jobs increase is the smallest since October 2011. (Apr. 27): The U.S. economy grows at an annual rate of 2.2 percent, according to 2012's first quarter report. The growth is largely due to consumer spending and a rise in construction on residential buildings due to the unseasonably warm weather. The growth is good news, but it is slower than the previous quarter's 3 percent.