By Ayesha Daya and Fred Pals May 27 (Bloomberg) — OPEC has “no need” to cut oil production because there are signs of a recovery in demand, meaning inventories will eventually decline, Saudi Arabian Oil Minister Ali al-Naimi said.
Hard disk drive and storage company Seagate Technology plans to cut about 1100 more jobs, or 2.5 percent of its work force. The Scotts Valley, Calif.
LONDON (Dow Jones)–Unilever PLC (UN, UL) doesn’t need to cut prices in order to achieve its key objective of growing volume, the consumer goods group’s chief executive said Thursday.
By Mary Schlangenstein and Mary Jane Credeur The service reductions to Mexico, where the flu formally known as H1N1 originated, are the first by US carriers.
By Cotten Timberlake April 29 (Bloomberg) — Jones Apparel Group Inc. said it will shutter about 225 locations in 2009 and 2010, representing a fifth of its own stores, and cut as many as 1000 jobs to reduce costs as the recession slows apparel and …
General Motors Corp. will cut 7000 to 8000 jobs in addition to cuts announced two months ago, and it will eliminate its Pontiac brand.
By William L. Watts & Deborah Levine, MarketWatch NEW YORK (MarketWatch) — The US dollar gained versus the euro Monday, extending the euro’s previous-week losses, as the head of the European Central Bank signaled that policy makers are weighing a …
Sony-Ericsson on Friday reported a first quarter loss of $387 million and will cut an another 2000 jobs. It is unclear how many of those cuts would come from the company’s North American headquarters in Research Triangle Park, where Sony Ericsson cut …