Chevron Corp, the second-largest U.S. oil company, said it planned to put several downstream operations up for sale, including its Pembroke refinery in the UK, and eliminate 2,000 jobs this year.
Britain risks decades of slow economic decline unless it invests heavily in research, which at the moment is one of the country's few genuine areas of economic competitive advantage, leading scientists said on Tuesday.
U.S. employers are slightly less willing to hire workers in the coming quarter than they were three months ago, even as hiring intentions improved in most other countries and territories, especially in Asia, according to a quarterly survey by Manpower Inc.
Cisco Systems Inc, the world's top maker of network equipment, introduced a router that it says can handle 12 times the Internet traffic of the nearest competing product.
California's aggressive climate change policy is likely to lead to modest job losses in the near term due to higher energy costs and other factors, the state's independent budget watchdog said.
Now that the U.S. Federal Reserve has nearly finished its massive mortgage bond buying spree, its huge portfolio could be used to tighten credit if and when the economy begins to show real signs of recovery.
The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday.
Supermarket operator Kroger Co posted a higher-than-expected profit though margins fell on higher health care and labor costs, and it raised the upper limit of its full-year forecast.
Burger King Holdings Inc expects lower fiscal third-quarter revenue and restaurant margins in the U.S. and Canada as bad weather in the central and eastern United States kept diners away.
Hitting the road to rally support in the final push for healthcare reform, Obama used a campaign-style speech to urge Democrats to approve a bill and quickly end the political wrangling that has consumed Washington since July.
Federal prosecutors said Tom Petters should be sentenced to 335 years in prison for running a $3.65 billion Ponzi scheme, while defense lawyers pleaded for mercy, saying their client has a tumor on his pituitary gland.
Airbus parent EADS has ruled out making a solo bid for a lucrative U.S. tanker contract after its partner pulled out and said production problems on its A380 superjumbo would hit core profit this year.
The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be pound-foolish and derail the recovery, a top White House economic adviser said on Tuesday.
The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be pound-foolish and would derail the recovery, a top White House economic adviser said on Tuesday.
Stocks were little changed on Tuesday, the anniversary of the market lows reached in the recession, with weakness in banks offset by strength in transportation stocks.
Turnout in Iraq's parliamentary election was 62 percent, higher than in last year's provincial ballot, despite attempts by Sunni Islamist insurgents to disrupt the vote with attacks that killed 39, officials said on Monday.
Japan's government on Tuesday vowed to stick to its ban on nuclear arms after a probe showed its predecessors may have turned a blind eye to breaches, but said ties with security ally Washington would not be affected.
U.S.-based Human Rights Watch on Tuesday urged Nigeria to prosecute those behind what it called a massacre of at least 200 Christian villagers and end a cycle of impunity which has allowed instability to persist.
Toyota Motor Corp said it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems.
Japanese carmakers are considering following Toyota Motor's lead in adopting a brake override system that would potentially address all sources of unintended acceleration, including driver error.
Iran said on Tuesday it hoped China would not give in to pressure to agree to new sanctions that the United States and its allies hope to win U.N. approval for over its nuclear program.
German luxury carmaker BMW sees a definite upturn in almost all car markets after its automobile and motorcycle sales increased 14 percent in February compared with the same month last year.
