Demands for job guarantees at Siemens AG automotive electronics unit VDO moved to the centre of a takeover contest after two suitors were each reported to have bid more than $16 billion for the business.
Apple Computer announced the results of its internal stock options investigation on Wednesday, finding 15 instances option-backdating leading to the resignation of the firms CFO, however experts believe Steve Jobs should not be affected.
Ford Motor Credit Company said on Thursday it will reduce costs in the U.S and Canada by cutting 2,000 jobs and will consolidate most of its servicing operations.
Honda today announced an increase in production at its Swindon Car Plant, a move which should create an extra 700 jobs in the UK.
AT&T said on Thursday it will be adding 2,000 of its previously outsourced technical support jobs to its payroll.
AOL, the online division of AOL, said on Thursday that it will cut nearly 5000 jobs over the course of the next six months in efforts to restructure.
U.S. stocks fell on Friday as interest-rate worries outweighed expectations that stronger-than-expected jobs creation and tame wage inflation in March would lead to growing profits.
