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Chevron Says It Will Cut 2,000 Jobs
The Chevron Corporation said on Tuesday that it would cut 2,000 jobs this year and sell some overseas operations as it revamped its struggling oil refinery, marketing and transportation operations. The job cuts represent almost 12 percent of its 17,000
12 ways to cut your taxes
Late last year, Congress extended the valuable homebuyer break beyond first-timers. So if you already owned a home but bought a new one after Nov. 6, 2009, you may be entitled to a credit worth 10% of the purchase price, up to $6,500. Even if you buy in
U.S. to delay BAE export licenses after plea deal
WASHINGTON (Reuters) - The U.S. State Department said on Tuesday it would delay action on any new export license requests by BAE Systems Plc BAES.L after the British military contractor pleaded guilty to violating several U.S. laws. BAE pleaded guilty on
Budget squeeze sours jobs picture
NEW YORK (Fortune) -- Another big employer is hanging out the "Not Hiring" sign. State and local governments are collectively the nation's biggest source of jobs, together employing almost 15 times as many Americans as Wal-Mart (WMT, Fortune 500). They
U.S. to Delay BAE Export Licenses After Plea Deal
WASHINGTON (Reuters) - The U.S. State Department said on Tuesday it would delay action on any new export license requests by BAE Systems Plc after the British military contractor pleaded guilty to violating several U.S. laws. BAE pleaded guilty on March
Senators Are Said to Support Deal to Curb Fed’s Reach
Several high-ranking members of the Senate Banking Committee have reached a tentative consensus on a plan that would strip the Federal Reserve of regulatory powers over all but the very largest banks, those with more than $100 billion in assets, people
New Plan for General Growth to Exit Bankruptcy
The largest shareholder and the largest unsecured creditor in the mall operator General Growth Properties intend to enhance the company’s reorganization plan to emerge from bankruptcy as an independent company, the company confirmed Monday night. The
Back to Drawing Board for Iceland Deal
Previous Video: Capitol Hill Headlines Next Video: Market Task Force Airtime: ET UK Chancellor Darling said it will take many years for Britain to be reimbursed after the collapse of Icelandic bank Icesave. Dragana Ignjatovic from IHS Global Insight
Barclays looks to buy large US retail bank
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US Bancorp CEO's compensation falls 2 percent
NEW YORK -- U.S. Bancorp CEO Richard Davis took home 2 percent less in total compensation in 2009 than he did the previous year. Davis received $6.6 million in total compensation in 2009, compared with $6.8 million in 2008. The cut in compensation came
Mainland car sales soar 55pc in February
Car sales on the mainland last month climbed 55 per cent from a year earlier, despite the long national holiday, on strong demand for smaller cars and sports utility vehicles.
Cadillac pulls away from GM to escape stain of bankruptcy
Cadillac, the luxury brand General Motors acquired in 1909, is distancing itself from the Detroit-based carmaker to avoid the stigma of the parent company's US$50 billion US-backed bankruptcy last year.
Budget squeeze sours jobs picture
NEW YORK (Fortune) -- Another big employer is hanging out the 'Not Hiring' sign. State and local governments are collectively the nation's biggest source of jobs, together employing almost 15 times as many Americans as Wal-Mart (WMT, Fortune 500). They
Europe cries foul over US defence contract
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BMW's Spring Financing Offers
BMW is offering financing credits of up to $2,500 on certain 3 Series models and the Z4 roadster, as well as $1,500 on other models. Called the Spring Drive Credit, the cash is applied to reduce the total amount financed. On the 3 Series, the $2,500 can
Audi vows to get sales figure back on track
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Audi vows to get sales figure back on track
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Treasurys Slip as Greece Deal Nears
U.S. Treasurys eased Tuesday as the safe-haven allure of government debt was undermined by rising optimism that Greece would eventually reach a financial aid deal with the European Union. Little was scheduled in terms of economic data Tuesday, and
Treasurys Under Pressure From Jobs Improvement
U.S. Treasury debt prices fell Friday after a smaller-than-expected drop in non-farm payrolls in February firmed expectations the economy is making a solid recovery. The brighter economic picture spurred appetite for higher-risk assets, and left
BMW’s Spring Financing Offers
BMW is offering financing credits of up to $2,500 on certain 3 Series models and the Z4 roadster, as well as $1,500 on other models. Called the Spring Drive Credit, the cash is applied to reduce the total amount financed. On the 3 Series, the $2,500 can
Toyota, U.S. officials probe runaway Prius
LOS ANGELES/DETROIT - U.S. safety regulators and Toyota Motor Corp dispatched investigators to San Diego on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier. U.S. Transportation Secretary Ray LaHood said two
Cult soda maker Jones gets sold off cheap
The rare "takeunder" arrangement highlights how close to the brink Seattle-based Jones (JSDA) has come. Profitable for most of its 22-year history, Jones drew a wide fan base to its premium sodas in offbeat flavors like bubblegum and mashed potato. But
Heartbreak for Korea at hockey World Cup
Australia will play the Netherlands in the semi finals of the field hockey World Cup on Thursday. Asian champions South Korea defeated the Netherlands 2-1 on Wednesday, but still lost out on a semi-final spot to the Dutch. Both teams finished the league
Aer Lingus to make 670 job cuts
Aer Lingus has reported a big loss for 2009 Aer Lingus has announced plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of large-scale restructuring plans. The Irish Airline says it plans to save 97m euros (88m, $132m) as a
EA Signs Publishing Deal with 38 Studios
(BUSINESS WIRE) -- Electronic Arts Inc. /quotes/comstock/15*!erts 'From day one, 38 Studios has been focused on creating the next generation of entertainment experiences that embrace all mediums, including film, television, comics, novels, toys and, of
Mears shrugs off election concerns
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Lehman, GGP lead February bankruptcy claim trades
* Lehman, General Growth lead claims trading in value Stocks| Bankruptcy * Smurfit-Stone is most actively traded case in Feb * Record 1,417 bankruptcy claims changed hands. NEW YORK, March 9 (Reuters) - Lehman Brothers Holdings Inc (LEHMQ.PK), General
Intevac in $18M Night Vision Technology Contract
Intevac Inc. said Tuesday it has received an $18 million contract to provide night vision camera technology to an unnamed NATO customer. The company said it will produce an initial order worth $5 million that will ship over the next year. The rest will
United Airlines Sees Passenger Revenue Rise
United Airlines is seeing passenger revenue rise faster than the rest of the airline industry, with business travel and other high-end fares picking up. The carrier said on Tuesday that January passenger revenue for each mile it flew rose 10.5 percent.
Black Barbie Sold for Less Than White Barbie? Walmart says lower sales of the black doll prompted the price cut.
Walmart is raising eyebrows after cutting the price of a black Barbie doll to nearly half of that of the doll's white counterpart at one store and possibly others. A photo first posted to the humor Web site FunnyJunk.com and later to the Latino Web site
