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Yahoo Plans To Eliminate 2,000 Jobs (NASDAQ: YHOO)
Yahoo announced that it would lay off 14% of its work force, about 2,000 employees in its latest cost-cutting move. This will be Yahoo’s sixth major layoff in the last four years. Yahoo expects to save $375 million annually from... More of this article »
Dow Announces Plant Closures And Employee Layoffs (NYSE: DOW)
Dow Chemical has announced that it will cut 900 jobs and close plants because of the weakness in the European economy. Dow had a $20 million loss in the fourth quarter, mainly due to weak European and U.S. sales. CEO Andrew Liveris... More of this article »
U.S. Seeks Sanctions In Airbus Dispute (Airbus S.A.S)
The United States claims that European governments failed to end illegal subsidies for aircraft manufacturer Airbus and announce that they will be seeking sanctions on potentially billions of dollars of European goods. The earlier... More of this article »
Data Breach That May Have Exposed Private Customer Information Investigated By Visa and MasterCard (NYSE: V) (NYSE: MA)
Visa and MasterCard announced an investigation into whether a data security breach at one of the main companies that processes transactions for them exposed private customer information. The breach occurred at Global Payments, a... More of this article »
Nokia Set To Begin Selling Lumia Smartphones In China (NYSE: NOK)
Nokia will begin selling its new line of Lumia phones in China next month. The company is hoping that the product introductions will build momentum for Lumia Windows phones in China and other countries. The Lumia phones will be... More of this article »
Oracle Beats Estimates For Third Quarter Earnings (NASDAQ: ORCL)
Oracle exceeded estimates for quarterly profit for the third quarter. Oracle’s profit, excluding certain one-time costs, increased to $0.62 per share. The average estimate of analysts surveyed by Bloomberg News was $0.56. Oracle... More of this article »
Low Cost Airline Venture Being Explored By Quantas Airways (PINK: QUBSF)
Qantas Airways announced the formation of a partnership with China Eastern Airlines to create a low-cost airline based in Hong Kong. Many airline ventures have sprung up in Asia lately as carriers jockey for position in anticipation... More of this article »
FedEx Settles Bias Case For $3 Million (NYSE: FDX)
A $3 million settlement has been reached between the United States Department of Labor and the ground delivery unit of FedEx to resolve allegations of discrimination within the company. The Labor Department’s Office of Federal... More of this article »
To Cut Costs, Hewlett-Packard Merging Units (NYSE: HPQ)
Hewlett-Packard has announced that the company will merge its personal computer and printing divisions in an effort to cut costs. R. Todd Bradley, who currently runs H.P.’s personal systems group, will run the new combined division. ... More of this article »
Housing Rental Program Being Tested By Bank Of America (NYSE: BAC)
Bank of America is allowing a small number of customers facing foreclosure to remain in their homes and rent the property instead under a new housing rental program being tested by the company. The pilot program, called Mortgage... More of this article »
Cisco Announces $5 Billion Purchase (NASDAQ:CSCO)
Cisco Systems Inc. has announced that it is buying digital video technology company NDS Group Ltd. for about $4 billion and paying off $1 billion of debt owed by NDS. NDS is based in the United Kingdom and is jointly owned by News... More of this article »