JOBS

UBS AG will cut its staff by 11 percent as it moves to stem losses and client withdrawals, its chief executive said on Wednesday, warning Switzerland's No.1 bank still faces an uncertain future.

UBS AG will cut 11 percent of staff as it tries to stem losses and client withdrawals, its new chief executive said on Wednesday, warning that Switzerland's largest bank still faces an uncertain future.

Yahoo Inc is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, a source with knowledge of the situation told Reuters.

Air France-KLM , Europe's biggest airline, aims to cut between 2,500 and 3,000 jobs in the next two financial years, a spokeswoman for the carrier said on Wednesday.

UBS made a first-quarter loss and will cut another 11 percent of staff, its new chief executive said on Wednesday, warning that Switzerland's largest bank still faces an uncertain future.

Yahoo Inc is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, the New York Times reported on Tuesday.

Swiss banking giant UBS is likely to cut upwards of 10000 jobs as it succumbs to the global financial meltdown.

Discover Financial Services , the fourth-largest U.S. credit card network, will cut 500 jobs, or 4 percent of its workforce, in May, hurt by mounting credit losses, the company said on Tuesday.

Deere & Co said it would combine its main worldwide agricultural equipment division with its smaller commercial and consumer equipment unit to reduce costs, starting on May 1.

Swiss bank UBS said it will cut 240 jobs in Asia-Pacific to cut costs, as Asian economies slow in a global financial crisis.

UBS , the world's biggest banker for the rich, will cut 240 jobs in Asia-Pacific across all business lines as part of a global cost cutting exercise, the bank said on Tuesday.

More than three months into a medical leave from Apple, Chief Executive Steve Jobs remains closely involved in key aspects of running the company, the Wall Street Journal reported Saturday, citing people familiar with the matter.

More than three months into a medical leave from Apple Inc, Chief Executive Steve Jobs remains closely involved in key aspects of running the company, the Wall Street Journal reported Saturday, citing people familiar with the matter.

Fiat staff in Brussels closeted local managers inside their office for several hours in another apparent boss-napping linked to worker anger over job cuts in Europe.

Part-nationalized British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next two years, including 4,500 in the UK, in an effort to cut costs.

LyondellBasell, the world's third-largest petrochemical company whose U.S. operations are under bankruptcy protection, said on Wednesday it would cut 3,000 jobs, or 17 percent of its workers, and reduce expenses by an additional $500 million by 2010.

Rio Tinto Ltd. said Tuesday it would cut more than 700 jobs at Australian mines, or about 23 percent, due to a drop in aluminum demand and prices.

Partly nationalized British lender Royal Bank of Scotland may cut more than 9,000 jobs in the next two years, or about 5 percent of its total workforce.

Part-nationalized British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next 2 years, including 4,500 in the UK, as part of a shake-up of its back-office operations.

Investors seem to be getting comfortable with Apple Inc's stable of executives amid uncertainty about Steve Jobs' return to the helm of the consumer electronics titan he founded.

Student loan company Sallie Mae plans to move its overseas operations back to the United States, creating 2,000 domestic jobs, in what analysts called an attempt to curry favor with the Obama administration.