Economy sheds 85,000 jobs in December
U.S. employers unexpectedly cut 85,000 jobs in December, government data showed on Friday, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama. Read Full Article here.
Bankruptcy fears hit Japan Air as government mulls aid
Shares in Japan Airlines Corp <9205.T> tumbled on Friday as media reports and comments from government officials heightened fears Asia's biggest carrier by revenue will file for bankruptcy as part of a state bailout. Read Full Article here.
Bank of America to pay bonuses close to '07 levels: report
Bank of America Corp will pay its investment bankers bonuses close to the levels of 2007, as it tries to reduce defections following its takeover of Merrill Lynch & Co., the Wall Street Journal said late Thursday. Read Full Article here.
Fresh hope for Saab as new bidders join race
Hopes that Saab will find a buyer rose on Friday after new bidders joined the race just before a deadline expired, despite prospects General Motors will close it down in the absence of a credible offer. Read Full Article here.
Obama takes responsibility for lapses
President Barack Obama took ultimate responsibility on Thursday for security failures that led to the attempted Christmas Day bombing of a U.S. airliner and ordered reforms aimed at thwarting future attacks. Read Full Article here.
Toshiba to outsource bulk of TVs in U.S.
Japan's Toshiba Corp <6502.T> needs to outsource more TV production in the U.S. to better compete against bigger South Korean rivals and focus on high-end products, an executive said. Read Full Article here.