Wednesday, August 8, 2012

Bad Economic News

The Banque de France predicts that the French economy will enter into recession in the third quarter. Meanwhile, Freescale, the semiconductor manufacturer, has laid off 500 at its Toulouse plant, which manufactured semiconductors for the ailing auto industry using what the firm's American management calls an obsolete technology. Freescale will continue R&D operations at the site, however.

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