AOL trims its Patch news operations
AOL said Friday it was cutting an unspecified number of jobs at its Patch hyperlocal news operations, while consolidating or closing some Patch sites.
18 August 2013 12:41
Ikea recalls children's beds due to laceration hazard
The world's leading furniture chain Ikea on Thursday issued a recall of two models of children's beds after several reported cases of a broken metal rod that exposed sharp edges.
16 August 2013 12:32
Airlines vow to fight US move to block merger
Lawyers for US Airways and American Airlines voiced confidence Wednesday that they can defeat the US suit to prevent their merger, but allowed that a negotiated deal was also possible.
15 August 2013 17:22
Cisco to cut 4,000 jobs
Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.
15 August 2013 15:17
Rio to lay off 1,700 at Mongolia project
Mining giant Rio Tinto on Thursday said it will lay off up to 1,700 staff at its huge Oyu Tolgoi copper mine in Mongolia after a more than US$5 billion expansion was halted.
15 August 2013 11:08
US sues to block US Airways-American Airlines merger
The US Justice Department and several states sued Tuesday to block the $11 billion merger between American Airlines and US Airways, saying it would reduce competition and push up fares.
14 August 2013 15:58
Australia's Commonwealth Bank posts record profit
Australia's biggest bank, the Commonwealth, on Wednesday posted an eight percent jump in full-year net profit to a record Aus$7.68 billion (US$6.98 billion).
14 August 2013 14:28
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Apple lifted by report on iPhone launch
Apple shares gained Monday after a report saying the California tech giant was set to announce its next iPhone at a September 10 event.
Analysts see return to growth in eurozone
Figures due Wednesday are expected to show the eurozone finally edging out of a record 18-month recession which has cost millions of jobs and tested the single currency bloc to near breaking point.
