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Schlumberger Ltd., the world's largest oilfield services company, says it's eliminating up to 1,000 jobs in North America, or about 5 percent of ...…
Jan 8 2009
5:26PM
EST
The European Union says gas supplies should restart after it struck a deal with Russia on supervising the gas flow through Ukraine.. Russia cut off ...…
Jan 8 2009
4:44PM
EST
Democratic lawmakers have reached a deal with Citigroup Inc. on a plan to let bankruptcy judges alter home loans in an effort to prevent ...…
Jan 8 2009
3:51PM
EST
President-elect Barack Obama is urging Congress to postpone the Feb. 17 switch from analog to digital television broadcasting, arguing that too ...…
Jan 8 2009
3:13PM
EST
Boeing Co.'s airplane deliveries and orders fell in 2008 as a strike temporarily halted its commercial aircraft operations and airlines grounded ...…
Jan 8 2009
12:30PM
EST
Home loans. . Late payments on home-equity lines of credit rose to a record in the third quarter, showing consumers re main under financial stress ...…
Jan 8 2009
11:06AM
EST
President-elect Barack Obama said Thursday the recession could "linger for years" unless Congress pumps unprecedented sums from Washington into the ...…
Jan 8 2009
10:50AM
EST
Department-store operator Macy's Inc. said Thursday it will close 11 underperforming stores in nine states - affecting 960 employees - and lowered ...…
Jan 8 2009
10:27AM
EST
Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally ...…
Jan 8 2009
10:27AM
EST
Drugstore operator Walgreen Co. says it will cut 1,000 jobs this year, or about 9 percent of corporate management, through a combination of ...…
Jan 8 2009
9:31AM
EST
Macy's says it will close 11 underperforming stores in 9 states - affecting 960 employees - after one of the weakest holiday seasons in years ...…
Jan 8 2009
8:28AM
EST
Britain's Serious Fraud Office opened an investigation into the British business operations of Bernard Madoff on Thursday, raising the prospect ...…
Jan 8 2009
8:16AM
EST
General Motors Chief Executive Rick Wagoner says the automaker can remain viable long-term without cutting benefits to retired workers.. Wagoner ...…
Jan 8 2009
8:16AM
EST
U.S. computer maker Dell Inc. announced Thursday it will slash its Irish work force and shift its European manufacturing operations to Poland in a ...…
Jan 8 2009
7:07AM
EST
Indian business leaders are demanding that authorities beef up corporate governance after an accounting scandal engulfed major outsourcing company ...…
Jan 8 2009
5:20AM
EST
Brad Grey can breathe easy. . . In a move so stunning it caught Hollywood flat-footed, Viacom Chairman Sumner Redstone actually stayed true to his ...…
Jan 8 2009
4:24AM
EST
American International Group, the insurer that renamed its US auto business earlier this week to prepare the operation for potential buyers, may ...…
Jan 8 2009
4:24AM
EST
An activist Wall Street investor is calling for the ouster of the board of Yeshiva University, following the school's endowment's devastation by ...…
Jan 8 2009
4:24AM
EST
Pershing Square International Ltd., the main hedge fund of activist investor William Ackman, lost 12 percent in 2008, according to a letter ...…
Jan 8 2009
4:24AM
EST
Apollo Management, the private-equity firm led by Leon Black, holds about $2 billion of loans from Lyondell Chemical, which filed for bankruptcy ...…
Jan 8 2009
4:24AM
EST
Treasury Secretary Henry Paulson recommended replacing Fannie Mae and Freddie Mac with utility-like companies that would guarantee mortgages ...…
Jan 8 2009
4:24AM
EST
Intel, the world's largest chipmaker, said fourth-quarter sales dropped 23 percent, more than it projected, as the global recession kills demand ...…
Jan 8 2009
4:24AM
EST
The Securities and Exchange Commission investigator who gave Bernard Madoff the all-clear in a 2006 probe insists she's not at fault, but the ...…
Jan 8 2009
4:23AM
EST
HERE'S some good news about the economy. . . (OK, take a second to compose yourself. I know you weren't expecting me to lead with that sentence.) ...…
Jan 8 2009
4:23AM
EST
Just two weeks after finally posting tardy warnings that banking faces a credit crisis, Standard & Poor's played more catch- up yesterday by ...…
Jan 8 2009
4:23AM
EST
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