BT cuts dividend, to slash 15,000 jobs
Britain's BT Group cut its dividend and said a further 15,000 jobs would go after a 1.58 billion pound ($2.4 billion) write down and restructuring at its Global Services unit drove it to a fourth quarter loss.
No Steve Jobs at Apple’s WWDC this year
Apple on Wednesday said Steve Jobs would host its annual Worldwide Developers Conference (WWDC) but instead, the keynote will be hosted by senior vice president of Worldwide Product Marketing, Philip Schiller.
U.S. stimulus to save 3.5 million jobs by end 2010: official
The Obama administration's fiscal stimulus plan will meet previous estimates to save 3.5 million U.S. jobs by the end of 2010, but the unemployment rate at that time may be higher due to further deterioration in the economy, a senior administration official said on Monday.
Microsoft to cut 55 jobs in India, begin second round of layoffs
Software giant Microsoft will lay off about 55 employees in India, which is one per cent of its Indian staff, the chairman of Microsoft India said on Monday.
More news
U.S. sheds 539,000 jobs in April, fewest in 6 months
U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline might be easing and gave the stock market a boost.
Wall Street gains on bank rally, jobs data
Stocks rose on Friday after the government's stress test results on big banks increased optimism about financial stocks, and data showed employers cut fewer-than-expected jobs in April.
U.S. sheds fewest jobs in six months
U.S. employers cut 539,000 jobs last month, the fewest since October, according to government data on Friday that signaled the economy's steep decline may be easing.
Asian shares gain ahead of U.S. jobs data
A recent surge in Asian shares lost steam ahead of U.S. monthly jobs data later on Friday that may signal whether the global economy has indeed hit bottom, after stress tests on U.S. banks offered no real surprises.
Stock futures point to shares rising; jobs data eyed
U.S. shares are set to rise on Friday, after stress tests for U.S. banks sparked optimism about the sector's future, and ahead of April's non-farm payroll data.
Asian share rally pauses ahead of U.S. jobs data
Asian shares edged lower ahead of U.S. monthly employment data due on Friday that will provide another step in determining whether the recent signs of an improving global economy are real or just wishful thinking.
A Green-Jobs Move from Pure Capitalism to Natural Capitalism
After semi-retiring in 2003, Chris D'Avignon took a year off and rode his motorcycle around the West where he
DuPont cuts another 2,000 jobs, takes charge
Chemicals maker DuPont Co said it would eliminate another 2,000 jobs as part of its cost-cutting plan as it tries to conserve cash and operate through the worst recession in decades.
Pentagon to create 20,000 jobs to manage arms buys
President Barack Obama's Defense Department plans to create 20,000 new government jobs to help revise how it buys more than $100 billion of weapons each year, the Pentagon's No. 2 official told Congress.
Oil hits five-month high over $56 on jobs, stocks
Oil prices rose to five month highs above $56 a barrel on Wednesday as a surprise drop in U.S. gasoline inventories and a slowdown in private sector job losses in April boosted hopes for a turnaround in the economy.
Wells Fargo freezes pension plan, cuts 548 jobs
Wells Fargo & Co on Wednesday said it is freezing its cash-balance pension plan for all employees, and has issued layoff notices to 548 workers in uptown Charlotte, North Carolina, the former home of Wachovia Corp.
Private sector jobs data adds to economic hopes
The pace of private-sector U.S. job losses slowed dramatically last month, while future planned layoffs also declined, and the hard-hit housing sector showed signs of improvement last week.
Oil settled above $56 on jobs, EIA data
Oil settled above $56 a barrel on Wednesday, as a surprise drop in U.S. gasoline and a slowdown in private sector job losses in April boosted hopes for a turnaround in the economy.
Oil jumps over $56 on jobs, EIA data
Oil rose above $56 a barrel on Wednesday, after news that private sector job losses slowed in April and government data showing an unexpected drawdown in gasoline stocks last week boosted hopes for a turnaround in the economy.
Oil jumps to $56 on jobs, EIA data
Oil broke through $56 a barrel on Wednesday, bouncing up from early trade around $54 after separate U.S. data releases showed private sector job losses had slowed in April and crude inventories rose only slightly.
Oil breaks above $55 on jobs data
Oil rose more than $1 and broke above $55 a barrel on Wednesday, bouncing up from moribund early trade around $54 after data showed U.S. private sector job losses had slowed in April.
Microsoft slashes more jobs
As Microsoft continues to prepare for the upcoming release of its Windows 7 operating system, the software giant announced Tuesday it will eliminate up to 5,000 jobs by June next year.
UBS axed 2,000 U.S. jobs in latest round of cuts
Swiss bank UBS said on Thursday it had axed 2,000 U.S. jobs as part of its latest mammoth round of job cuts announced earlier in April.
Nokia cuts jobs, to take on Apple
Nokia Oyj will cut up to 360 jobs at Internet services unit as it combines offerings into its new Ovi Store, the world's top cell phone maker said on Tuesday.
Nokia to hone services focus, cut jobs
Nokia Oyj , the world's biggest mobile phone maker, said on Tuesday it would reduce investment in creating new services, helping it to cut further 450 jobs.
GM to slash 21,000 blue collar jobs
General Motors Corp. said Monday it would cut its factory workforce by 21,000 by end of 2010 and seek to do a debt for equity swap with government for more than half of its government debt as part of its restructuring plan.
Wal-Mart China sweetens jobs deal after union talks
Wal-Mart Inc has agreed to revise a plan on a payroll cut involving 2,000 mid-level managers across its outlets in China after a trade union stepped in to mediate, state media reported on Friday.
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