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Washington - US companies announced thousands of new job cuts on Monday as the world's largest economy continues to battle through a serious recession, prompting another urgent call to action by President Barack Obama.
Caterpillar Inc, Sprint Nextel Corp and Home Depot Inc led more than 70,000 job cuts announced on the day across a...
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British banking giant HSBC is to cut 1,100 jobs, the company said Friday, blaming the cuts on the world financial crisis.
Around half of the job cuts will be in Britain, mainly at the investment banking section in London.
A company spokesperson said the bank is reducing its workforce because of market conditions and "our...
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Germany's powerful IG Metall union said Tuesday it would seek an 8 per cent wage increase for 3.6 million workers in the key engineering industry, its highest demand in 16 years.
IG Metall boss Berthold Huber told journalists in Frankfurt that the demand was justified in view of the robust state of the German economy and the uneven...
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The Philippines' unemployment rate eased to 7.4 per cent in July from a two-year high three months ago, the National Statistics Office (NSO) said Tuesday.
According to the NSO's quarterly survey, 2.75 million Filipinos were jobless in July 2008, down from 2.82 million in the same month last year when the unemployment rate was 7.8 per...
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 Ford Motor Co, the world's third- largest automaker, plans to cut as much as 12 percent of its salaried work force in the United States due to the surging fuel and materials prices, the Detroit News reported on Wednesday.Last week, Ford announced that the troubled US economy was one of the main causes for which it could not meet its plan...
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 As the US economy is struggling to recover from the crisis it never yet managed to exit, this summer season, long- awaited by teens, who want to get a summer job, does not look too good for them.Analysts said that teenagers would find it difficult to find a job in the first place this summer, since the 2008 job market for young people...
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 The Canadian Auto Workers has voted to ratify a new collective agreement with Ford Motor Co., which is expected to be matched also by Chrysler LLC and General Motors Corp..The around 9.000 CAW members that are working for Ford in Oakville, Windsor, St. Thomas and Bramalea voted in an overwhelming majority of 78 percent in favor of the...
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 According to a recent report from the New York Times, blogging doesn’t just mean a job or a hobby anymore, as it is being turned into a lifestyle trend. And it seems that it isn’t such a healthy lifestyle to have. The long hours spent in front of the monitor, always reading, always writing, looking for information, thinking of ways to...
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 The number of Americans that filed first-time claims for unemployment benefits increased to as much as 407.000 in the last week of March, 38.000 more than a week before, as the US employers shed around 80.000 jobs in the entire month, figures from the US Department of Labor showed.The decline is the third in only one month, showing...
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 Following the Congress’ restrictions regarding the H2B visa program, business owners in the United States, and especially those in the tech field, said that the new imposed limits could potentially hurt the US economy, as it is difficult for them to find skilled workers."We will weather the storm, but it's very, very difficult to...
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| Currency |
USD |
EUR |
GBP |
YEN |
| USD |
------ |
0.757 |
0.701 |
97.307 |
| EUR |
1.320 |
------ |
0.926 |
128.479 |
| GBP |
1.426 |
1.080 |
------ |
138.794 |
| YEN |
0.010 |
0.008 |
0.007 |
------ |
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| Symbol | Last | Change | | Dow | 14,047.31 |  40.24 (0.29%) | | Nasdaq | 2,747.11 |  6.12 (0.22%) | | S&P 500 | 1,546.63 | 0.41 (0.03%) | | 10-Yr Bond | 4.529%
| 0.028 | | NYSE Volume | 3,112,411,000 | | Nasdaq Volume | 1,795,889,000 |
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 New BMW-6 Series Coupe and convertible
BMW has launched a convertible and new coupe of the 6-Series
featuring several advanced drive technologies and driver assistance
safety systems.
Both the coupe...
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