Sony is set to cut their suppliers by half... That's a big time cut and the effects will be far reaching.  It will have a domino effect - the suppliers will have to cut jobs due to Sony's cost-saving measures, then that supplier's supplier will have to cut jobs and so on.  Companies are hitting their number by cutting costs (jobs)... there's no actual growth.  The only good thing coming out of this is maybe they'll finally cut the price of a ps3.

Read more here.

Given the current economic conditions, consumers are staying home to save money.  This new change in lifestyle could last for years and maybe forever... companies that cater to home entertainment are destined benefit.  Netflix, Disney, Nintendo, Sony, and even Cisco are companies that will benefit in the long term.  Don't forget about Best Buy as well... I was there last night and it was PACKED.

But these are the obvious choices... what about the home improvement companies.  If you're staying home all of the time don't you want to be comfortable?  Check out companies like Scott's Miracle Grow (SMG), Home Depot (HD), and Lowe's (LOW).  They will all benefit from consumers making small, inexpensive improvements to make their homes more pleasant.

Read more here.

Sony Ericsson loses $387 million in first quarter and announces the restructuring plan to cut 2000 jobs.  

Yahoo is also expected to post a loss for the quarter and job cuts are on the the way for the internet search giant.  Check more here.

Toshiba posts loss, cutting jobs.  The company will cut 3,900 contract workers in Japan by March of 2010, according to company representative Hiroko Mochida. That is in addition to the 4,500 Japanese contract workers being cut that was announced last month.  This has long term implications... not completing the layoffs until 2010... and we're suppose to have a recovery by later this year?  Think again.

Oregon may have the highest unemployment rate in the nation.  The rate was reported at 10.7 percent in February, then climbed to 12.1 percent in March.  That's major job losses... back in January 2008 it was only 5.3 percent.  The Blazers are about the only thing to be cheery about in Oregon, hopefully Brandon Roy doesn't get laid off.  Maybe the NBA playoffs will stimulate something in this economy.