Microsoft Corp. is expected to cut jobs after several major technology firms have been doing it in a response to the economic downturn.
The French government may help the its troubled auto industry in exchange for raising its ownership in the car makers, industry minister Luc Chatel said.
Apple Inc. chief executive Steve Jobs is standing for re-election for the board of directors of Walt Disney Co. despite taking a six month medical leave from his duties at Apple.
Advanced Micro Devices Inc. announced Friday it will cut 1,100 jobs and make temporary pay cuts to top executives and employees as the company faces the tough economic conditions.
Just a week after trying to assure investors of his health, Apple chief Steve Jobs announced Wednesday he will take a leave of absence till end-June because of health problems more complex than thought, causing shares to plunge and analysts speculating over the leadership of the tech company.
Apple CEO Steve Jobs today sent the following email to all Apple employees:
The world's largest aluminum maker Alcoa Inc. said Tuesday it plans to cut 13,500 jobs or 13 percent of its workers as an action to address the economic downturn.
Apple Inc. Founder and Chief Executive Steve Jobs, a survivor of pancreatic cancer 4 yrs ago, revealed on Monday that his recent weight loss was due to a hormone imbalance.
Factories in China and India joined much of Europe in slashing output and jobs at a record pace in December, another sign the biggest emerging markets were wilting under the recession gripping industrialized nations.
AT&T unveiled subscription prices for Apple's second generation phone on Tuesday, while analysts became bullish on the iPhone's future prospects, sending the computer maker nearly five percent higher in active trading.
Continental Airlines said Thursday it will cut 3,000 jobs, or 6.7 percent of its 45,000 employees; retire 67 mainline aircraft; and reduce mainline flights because of soaring fuel costs, making it the second major airline this week to announce cutbacks.
UAL Corp.'s United Airlines, the world's second-largest carrier, said Wednesday it will shut its low-fare Ted airline, ground 100 fuel-inefficient planes and cut 1,400 to 1,600 salaried management jobs to help counter record fuel costs.
Ford Motor Co. plans to downsize its U.S. salaried work force by up to 12 percent in a bid to advance its restructuring plan after stalling amid lower sales and soaring gas prices, according to media reports.
The total jobs Morgan Stanley cut this week could get close to 2,000 jobs. A report said Morgan cut 1,500 jobs this week, but few affected employees have not been notified yet, media reports said on Friday.
Swiss banking giant UBS announced Tuesday it would cut its workforce by 5,500 over the next year and sell a $15 billion chunk of its risky mortgage assets to BlackRock Inc., after reporting first-quarter losses due to the U.S. subprime crisis.
Merck & Co. said Monday it will cut 1,200 U.S. sales jobs in an attempt to save expenses amid the recent rejection of its Cordaptive cholesterol drug last week.
Sun Microsystems Inc. said on Thursday it will cut from 1,500 to 2,500 jobs in the wake of U.S. economic weakness and delays in orders from some customers.
General Motors Corp., citing rising gas prices and a slowing economy, said on Monday it will cut back its production of large trucks and sport-utility vehicles at several plants, resulting in about 3,500 hourly employee job cuts.
Black & Decker said Thursday it will cut 700 jobs, or about 3 percent of its workforce, and close a plant in Atlanta as part of a new restructuring plan.
AT&T Inc, the largest U.S. telecommunications provider, said it would cut about 1.5 percent, or about 4,650 of its workforce incurring a pre-tax charge of $378 million.The company says it is th...
Eli Lilly & Co. said on Wednesday it may cut 500 jobs as the company makes more efficient manufacturing operations in Indianapolis, its home city.
Royal Bank of Scotland (RBS) has cut 200 jobs this week in parts of its debt and investment banking units most affected by the economic slowdown.