Lehman Brothers Holdings Inc (LEH.N) is cutting roughly 1,300 positions globally, or nearly 5 percent of its work force, amid difficult market conditions, a person briefed on the matter said on Tuesday. The latest cuts are in addition to Lehman's lay
General Motors Corp.'s string of labor problems could soon come to an end with a tentative agreement at a key assembly plant in Kansas City, Kan. GM reached the deal on a local contract with United Auto Workers Local 31 at the plant Tuesday evening,
Britain announced an agreement on equal rights for agency -- temporary -- workers Tuesday, in a move welcomed in Brussels as boosting the chances of reaching a Europe-wide accord. Britain has been blocking a European Union directive on agency workers
The European Commission urged on Tuesday a shake-up of Europe's farm sector to ramp up production in the face of soaring food prices, with Britain and France braced for battle over hand-outs to farmers. With food prices rocketing worldwide on tight
Oil soared to a record above 129 dollars a barrel Tuesday as worries about US tensions with Iran heightened speculative fever in a market driven by concerns about tight global supplies and strong demand. New York's main oil futures contract, light s
Ecuador's state oil company president resigned Tuesday for failing to halt a steady decline in production. Adm. Fernando Zurita announced he is resigning because he did not meet the goals set by President Rafael Correa to reverse Petroecuador's dec
Markus Dohle will become chief executive of Bertelsmann's U.S. publishing division Random House, the German media conglomerate said Tuesday. Dohle, head of a printing unit at Bertelsmann's Arvato division, replaces Peter W. Olson -- who has had the j
随着中国的经济日益发展。中国现在已经成为仅次于美国的世界石油消费第二大国家.美国希望中国加入世界能源组织.美国助理国务卿说 如果中国能够参与国际能源机构的集体紧急应急系统，将使这套系统更强大， A U.S. official urged China on Tuesday to join the Internati
Philips Electronics NV says it has developed a three-dimensional television. The prototype combines slightly different angles of the same image to create video that appears to have different depths. At its annual presentation of corporate research Tu
Honda's president says the Japanese automaker will sell a new, improved and affordable gas-electric hybrid in the U.S., Japan and Europe starting early next year. President Takeo Fukui told reporters Wednesday that green cars, especially hybrids, wil
The dollar slipped more than a cent against the euro and fell against most other major currencies as a report showed higher inflation and oil nearing $130. The 15-nation euro gained to $1.5669 in late New York trading from $1.5516, while the British
Hewlett-Packard Co. reported a 16% increase in its fiscal second-quarter earnings Tuesday, results that matched preliminary figures it reported a week ago. The maker of printers and personal computers announced those results on the same day that it d
Oil prices spiked to a new trading high Tuesday, sweeping toward $130 a barrel as supply concerns intensified the momentum buying that has lifted crude deeper into record territory. The June contract for light, sweet crude traded as high as $129.46 o
GlaxoSmithKline PLC said Monday that it has received permission from European medical regulators to market a human bird flu vaccine it has already sold to several governments to stockpile in preparation for a pandemic. The ruling from the European Me
Japan's central bank kept interest rates steady Tuesday as widely expected amid lingering worries about a global economic slowdown. The policy board was unanimous in keeping the benchmark overnight call rate unchanged at 0.5 percent at the end of a
Oil prices held steady Tuesday in Asia after closing overnight above $127 for the first time on news that OPEC will not increase its output before its next meeting in September. Current prices aren't linked to the law of supply and demand, said Alge
