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Transocean employee numbers fell by 6 pct in 2010

Transocean Ltd (RIGN.VX), the world's largest offshore rig contractor, shrunk its work force by 6 percent last year as increased competition for shallow-water rigs led to more older rigs being set aside.

Gold: The Once and Future Money

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For most of the last three millennia, the world's commercial centers have used one or another variant of a gold standard. It should be one of the best understood of human institutions, but it's not. It's one of the worst understood, by both its advocates and detractors. Though it has been spurned by governments many times, this has never been due to a fault of gold to serve its duty, but because governments had other plans for their currencies beyond maintaining their stability. And so,...

Mexico seasonally adjusted jobless rate dips in Jan

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Mexico's unemployment rate, adjusted for seasonal swings, fell to 5.23 percent in January from 5.55 percent the previous month, aided by a recovery in Latin America's second largest economy, official data showed.
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A spa Is seen at Pezula resort in Knysna

Canadians look for high-end travel experience

There has been a significant increase of 500 percent in demand for affordable luxury brands, mainly including El Dorado and Azul Hotels, in the Caribbean and Mexico over the last two years.
Video grab of work continuing on equipment at the site of the BP oil well leak in the Gulf of Mexico

BP workers could have prevented rig accident: report

BP had workers on the doomed Deepwater Horizon rig who could have prevented the missteps that led to the massive Gulf of Mexico oil spill, but they were not consulted, the White House oil spill commission said on Thursday. In an expanded report on the causes of the BP drilling disaster that killed 11 workers and ravaged the U.S. Gulf coast last summer, the commission released new details about the events that preceded the BP accident.
Chicago: 23.4%

Massive winter storm punches U.S. Midwest, Northeast

A huge winter storm pummelled the United States on Wednesday, bringing parts of the Midwest to a standstill, delivering a wintry blow to the Northeast, and disrupting businesses, flights and other transport.
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TV reporter Ines Sainz steals the Super Bowl spotlight

Ines Sainz, the television reporter who prompted the NFL to introduce new code of conduct rules, grabbed the Super Bowl spotlight Tuesday, attracting nearly as much attention as the Green Bay Packers and Pittsburgh Steelers.

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