JOBS

UAL Corp.'s United Airlines, the world's second-largest carrier, said Wednesday it will shut its low-fare Ted airline, ground 100 fuel-inefficient planes and cut 1,400 to 1,600 salaried management jobs to help counter record fuel costs.

Ford Motor Co. plans to downsize its U.S. salaried work force by up to 12 percent in a bid to advance its restructuring plan after stalling amid lower sales and soaring gas prices, according to media reports.

The total jobs Morgan Stanley cut this week could get close to 2,000 jobs. A report said Morgan cut 1,500 jobs this week, but few affected employees have not been notified yet, media reports said on Friday.

Swiss banking giant UBS announced Tuesday it would cut its workforce by 5,500 over the next year and sell a $15 billion chunk of its risky mortgage assets to BlackRock Inc., after reporting first-quarter losses due to the U.S. subprime crisis.

Merck & Co. said Monday it will cut 1,200 U.S. sales jobs in an attempt to save expenses amid the recent rejection of its Cordaptive cholesterol drug last week.

Sun Microsystems Inc. said on Thursday it will cut from 1,500 to 2,500 jobs in the wake of U.S. economic weakness and delays in orders from some customers.

General Motors Corp., citing rising gas prices and a slowing economy, said on Monday it will cut back its production of large trucks and sport-utility vehicles at several plants, resulting in about 3,500 hourly employee job cuts.

Black & Decker said Thursday it will cut 700 jobs, or about 3 percent of its workforce, and close a plant in Atlanta as part of a new restructuring plan.

AT&T Inc, the largest U.S. telecommunications provider, said it would cut about 1.5 percent, or about 4,650 of its workforce incurring a pre-tax charge of $378 million.The company says it is th...

Eli Lilly & Co. said on Wednesday it may cut 500 jobs as the company makes more efficient manufacturing operations in Indianapolis, its home city.

Royal Bank of Scotland (RBS) has cut 200 jobs this week in parts of its debt and investment banking units most affected by the economic slowdown.

Michael Dell said yesterday that he plans to cut more than the 8,800 previously announced jobs as the computer maker struggles to raise profits and sales.

Goldman Sachs Group reiterated on Tuesday that it would be making around five per cent of its staff redundant.

Starbucks Corp. is cutting 600 posts, with its headquarters in Seattle taking the bulk of the reduction, in an effort to revive the struggling coffee chain.

Supermarket chain ASDA has announced it will be creating 9,000 new jobs in what it calls its biggest jobs programme in a decade. The jobs will be created through new store openings, extensions and business expansion.

Sprint Nextel Corp. on Friday revealed its intension to close eight percent of its retail stores due to high competition and the loss of about 683,000 postpaid customers to its rivals.

Apple has been a frequent target of environmental activists who claim its products are harming the Earth, but today the company unveiled a new more environmentally friendly laptop.

Apple Inc. unveiled the world's thinnest laptop on Tuesday, as well as new software upgrades to its iPhone and iPod Touch, and buffed up its iTunes software with online movie rentals.

Ahead of Apple's CEO Steve Jobs keynote speech at San Francisco's Moscone Convention Center at the 24th annual Macworld convention, speculation on about what the next Apple -gee-wiz product persists. With nearly 50,000 attendees and 390 exhibitors, Macworld is a buzz prior to Steve Jobs' product announcements, from Apple including new gadgets and software for Apple devices. The only possible hint is a banner throughout the convention center with the cryptic line, There'...

Crude oil futures fell on Friday after government reports showed lower U.S. job growth which may reduce oil demand.

Jobs growth skidded to a near-halt in December and the unemployment rate hit a two-year high, according to a government report on Friday that raised recession fears and chances of more interest-rate cuts. unemployment rate hit a two-year high, according to a government report on Friday that raised recession fears and chances of more interest-rate cuts.