America's great shrinking companies

A number of businesses survived the Great Recession by shedding assets. Technological changes or questionable management decisions forced others to downsize.

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179Comments
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How about America's shrinking savings? America's shrinking paychecks? America's shrinking middle-class?
Sep 18, 2013 7:55PM
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Global economy,  where US companies cannot buy land in other countries to build factories, must have "local partners" who own 50 to 51% of company, high tariffs for American made goods(so as not to compete against local business), its all stacked against US companies. We allow foreign companies to as they please in the US.   We should apply other countries laws to foreign investors, only fair. If a US citizen cannot buy land in your country you can not buy land in our country. If US citizen cannot start and own 100% of a business in your country you cannot do it here. Its okay, this happened when Japan had all the US dollars back in the 70's-80's we sold them everything. Now China, India and other countries are buying up America. Its the Global economy.
Sep 19, 2013 8:46AM
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Thanks to the loss of millions of Blue Collar jobs going over seas it started a Domino effect.{people just can not afford the American dream anymore}
Sep 19, 2013 2:51AM
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America needs high import taxes on goods shipped in to the USA.
Sep 18, 2013 10:12PM
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And it ain't over yet. Wait until next year when ObamaCare really takes told and everyone who was paying $500-600 per month to cover the family in health insurance al of a sudden realize that figure is now $1000-$1200 per month and their deductible is 40%.
Sep 19, 2013 9:48AM
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If you don't qualify for subsidized medical insurance premiums, YOU are in for a big surprise come Jan 1st,... that is of course, only if you obey the law and obtain health insurance. Don't take my word for it, or even Obama's..... call some insurance companies on Oct 1st and shop some plans and find out for yourself. The ones who are really going to get hosed are the ones who must obtain an individual health plan who  are not covered by an employer with 50 or more workers. Millions will be added to risk pools while these new health plans will  include free mandated expensive preventative procedures AND dental benefits for children under 19. Someone will have to pay these costs as doctors don't work free. This great idea is just another nail in the American middle class workers coffin. Don't forget all that insurance premium subsidy money will also be coming out of your tax dollars, so shut up and pay baby pay. What personally pisses me off is that millons of the subsidized insured will be getting premium free insurance. I'll be paying thru the nose for mine, my taxes will be  paying for their's and I wont be able to see my doctor because he'll be busy treating them.
Sep 21, 2013 11:14AM
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America will soon be a 3rd world country, Russia or China will dominate. 
Sep 19, 2013 8:15AM
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The global economy is a condition created by the ones who obviously profit from it. Initially moving manufacturing to a developing country provides windfall profits. After all, maximum profit is what these companies are in business for right?. With overhead reduced to pennies on the dollar, there is no way domestic costs could ever compete, unless you know someone willing to work for a buck a day and land, buildings and other costs are drastically reduced in cost to a give-away situation.. As these developing countries create a business savvy culture things begin to get a little less profitable and that eventually leads to these businesses seeking cheaper pastures. First it was Japan, then South Korea and Mexico, now China and India with an eye currently to other cheaper markets. It's pure greed for maximum profits and not the American worker that has killed the manufacturing base of this nation. Don't expect it to get better any time soon.
Sep 18, 2013 9:34PM
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You help me with a job, I'll buy your stuff. Why don't they understand?
Sep 21, 2013 12:00PM
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You would think that this President "for the people" would be trying to bring manufacturing back to the USA.  He talks about it a lot, but there isn't any action.  All hot air...  And no, it's not a Republican thing, Obama's the President, and after five years of whining, he needs to get off butt and do something...ANYTHING!

Sep 19, 2013 9:40AM
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This is what Bill Clinton wanted.  He forced his NAFTA trade agreement on us and now the US has been reduced to selling medicare supplement plans, "ask your doctor" drugs and reverse mortgage scams.  Now, Obummer sees no way out apparently, so he is forcing Obammacare on the nation.  But, for those who can't afford insurance, who will pay?  Again, the taxpayers.  I actually want to see a government shutdown on October 1 but rest assured, that will not happen.  We've seen this movie many times before.  In the last hours, there is the climax of the play!  An agreement is reached and the welfare checks will be on time. Then, the elected idiots will pound their chest and say "looky whut I did. Re-elect me!" And, the 53% will do just that.  Movie over.  Take your popcorn with you, please.
Sep 19, 2013 1:19PM
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Pretty soon we will all have to just give up and we can all be on Obamas free stuff meal ticket.
Hey, free for everyone.  How long will that last?
Sep 18, 2013 7:17PM
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No surprise about GE shrinking.
Generations ago GE was involved with nearly everything with electricity, hence, it lived up to its "General Electric" moniker.
TVs, radios, VCRs, stereo systems . . . everything to be found in the limited selections of consumer electronics decades ago, GE was a part of that.  

GE still has a household presence with its kitchen appliances, but it is facing stiffer competition than in past decades.

But when was the last time we've seen a G  TV, radio, or other consumer electronic items?  And the public has loads more choices for kitchen appliances now than a generation ago.
So, for GE to shrink?  No surprise!
Sep 18, 2013 11:00PM
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The great recession took out a lot of companies and the survivors are now a near monopoly.  Of course you know what happens when you have a monopoly, right?  Glut oil at selling at record prices anyone?
Sep 19, 2013 1:34PM
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It will be known as the "Obama recession."  
Sep 19, 2013 6:52AM
Sep 19, 2013 3:51AM
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There are always winners and losers over time in a Economy. Apple, Google, Facebook, and Tesla are growing each and every Year. There is a huge Fracking Boom in America and related Jobs. So it's not that shocking that some of the Older Companies have shrunk, that seems to par for the course at that point. Some Companies get so big, they can't get out of their own way.

Is it even fair to even call these companies American as more times than not it seems, Companies are showing more income from overseas than here. We are dealing with Global Companies and in effect at times, Global monopolies. At the very least, massive collusion by the biggest players.

In 2013, 6 out of the top 7 Global Companies in Revenue are Energy Related.

Back in 2002, the Market for derivatives, contracts loosely based on underlying assets, was 5 times that of the Entire Global GDP.  That market has grown unchecked and unregulated since.

So as folks rant and rave about the National Debt, folks might consider revisiting the ongoing real reason why the Global FEDS are printing to infinity, the Global Ponzi Scheme which are Derivatives. This is a far bigger issue than the National Debt. This is what will bring down the Global Economies, not the National Debt. China is only getting worse. Japan is only getting worse. I can't believe the Euro-zone is getting better if their unemployment numbers aren't.

Yet in the FACE of all this, the Stock Market sits at Record Highs. Funny what funny money can do, for now.

Sep 23, 2013 2:48PM
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The fact that two American Companies got bailouts and Ford did not put the more efficient company (FORD) at a disadvantage as it had to compete against less efficient companies that were bailed out.  This is NOT how the free market system is supposed to work and ultimately causes "too big to fail" companies to take risks they should not knowing they will not pay consequences.  Well, I guess getting bailouts is only true if you have huge, powerful unions or banks that influence political leadership.  My little effort will not make a difference, but I resolve to NEVER buy from a GM or Chrystler.  My next vehicle will be a Ford.  Stick in there Ford!!

Sep 27, 2013 1:48PM
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Thanks for giving Obama four more years. Idiots.
Sep 23, 2013 2:18PM
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I long for the day when America's government shrinks to non-existence.  I know I'll get a lot of thumbs down, but my thoughs remain the same.  Seems like all we have left is "ask your doctor" ads promoting death and destruction, medicare supplements to drain any few pennies left from the older people, and reverse mortgage schemes to take the homes the elderly have worked for.  If a foreign government would come in and let me have what I work for and give me and my family adequate medical care without costs for my years of country support, I would probably not even resist them.  Call me a "traitor" is you wish but look at what we have now.  There will be NO government shutdown on October, 1  but taxes will rise.  That is what I think will happen.
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