Textron Inc. (NYSE: TXT) blamed the economic slump for swinging to a fourth quarter loss of 87 cents per share compared with income of $1 per share last year and announced that it will eliminate an additional 2,000 jobs. The stock price slumped $4.22 to $9.08.
Textron Swings To Loss
January 29, 2009 at 13:57 PM EST
