JOBS

Saab Automobile, the Swedish unit of U.S. carmaker General Motors, announced 750 job cuts as it tries to stay afloat and said on Thursday investors in both Sweden and China were eyeing the company.

AT&T Inc on Tuesday said it would invest $17 billion to $18 billion through capital spending in 2009, in line with its previously announced plan to cut spending by up to about 15 percent.

AT&T Inc on Tuesday said it plans to invest $17 billion to $18 billion on capital spending in 2009, with about two-thirds to be used to improve its wireless and wired broadband networks.

AT&T Inc on Tuesday said it plans to invest $17 billion to $18 billion on capital spending in 2009, with about two-thirds to be used to improve its wireless and wired broadband networks.

United Technologies Corp cut its 2009 profit target by about 13 percent and said it would eliminate 11,600 jobs as it no longer anticipates an economic recovery this year.

United Technologies Corp cut its 2009 profit target by about 13 percent and said it would eliminate 11,600 jobs as it no longer anticipates an economic recovery this year.

President Barack Obama on Saturday said the latest unemployment figures showing more than 651,000 jobs in February and the 4.4 million jobs lost in the recession were more than just statistics.

ArcelorMittal, the world's largest Steel maker company will suspend operations at Cleveland plant due to declining market for steel.

Stocks fell to further 12-year lows on Friday as a bearish brokerage view on Apple Inc prompted a sell-off in technology shares and overhanging fears about the banking system's future weighed.

Stocks fell on Friday as a bearish brokerage view on Apple Inc ignited a sell-off in shares of big-cap tech companies, while fears over the fate of the banking system persisted.

Stocks fell on Friday, extending a slide to 12-year lows, on a sell-off in shares of big-cap technology companies after a brokerage cut its price target and profit views for bellwether Apple Inc .

U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its highest in 25 years, as companies buckled under the strain of a recession that is showing no signs of ending, according to a government report.

Stock index futures dipped on Friday as investors feared government payrolls data for February may show the recession is deepening and extend Wall Street's recent fall to 12-year lows.

Two top contenders for senior posts at the U.S. Treasury have withdrawn, people familiar with the moves said on Thursday, dealing a blow to Treasury Secretary Timothy Geithner's efforts to build his staff to fight the financial crisis.

The dollar rolled back sharply from three-year highs on Friday and demand for euro zone government debt rose as investors fretted that U.S. employment data would be worse than previously forecast.

U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

Microsoft Corp will favor neither American nor foreign workers as it cuts thousands of jobs, the company said on Tuesday in response to a senator's call that the jobs of U.S. employees be preserved.

General Motors Corp’s German automaker unit Opel might cut 3,500 jobs if the government does not lend a helping hand, a press report said on Wednesday.

U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

U.S. private sector job losses accelerated in February, according to a report by ADP Employer Services on Wednesday that came in worse than economists' expectations.

Warren Buffett's Berkshire Hathaway Inc reduced staffing last year in half of its nearly 80 operating units, and said more job cuts were coming in an economy unlikely to recover before 2010.