Employees of two Thomas Cook travel agency offices in Dublin, Ireland have occupied their offices in response to management's announcement of earlier closure dates for the sites. On Friday, July 31, 40 employees at the…
Sun Danyong, a 25-year-old employee of Foxconn, jumped from the 12th floor of a residential building in Shenzhen, China and died on the spot after he lost a new sample of an iPhone mobile phone and was suspected of…
In a New York press conference at 16:15 UTC, June 1st, Fritz Henderson, the Chief Executive Officer of General Motors, which filed for bankruptcy and Chapter 11 protection from its creditors earlier today, outlined a…
The American auto company Chrysler filed for bankruptcy Thursday, however a deal with European auto maker Fiat went through. The emerging Chrysler will be owned 55 percent by the United Auto Workers, eight percent by…
The 108-floor central component of the new World Trade Center in New York City has been officially renamed 1 World Trade Center, ending the Freedom Tower moniker it had sported since
Two of Canada's largest energy companies are merging, with Suncor Energy making a CA$19.2-billion bid to take over
A senior United States official has stated that the US insurance firm American International Group (AIG) has paid out US$218 million in bonuses to its executives, after receiving over $180 billion in federal aid from…
UK firm BAA Limited has been told by the Competition Commission that they must sell three of their airports within two years. Gatwick and Stansted airports, both serving London, England, and either Edinburgh…
Sunshine Coast Regional Council has received legal advice that it will not be able to challenge a McDonald's Australia appeals process. Council rejected development plans for a 24-hour store at Minyama in December, and…
Brazilian aerospace conglomerate Empresa Brasileira de Aeronáutica, S. A. (Embraer) has revealed plans to cut around twenty percent of the company's workforce of 21,362 people. Twenty percent is over 4,200, but Embraer…
The Japanese car making company Toyota has announced that their predicted profit loss for 2008 has tripled from their previous estimate. The company reports the loss after demand for its vehicles dropped. In December…
Workers at the UK's Lindsey Oil Refinery have voted to return to
British rail company South West Trains (SWT) is to cut 180
General Motors NYSE: GM (GM) and Chrysler have both begun to offer layoff packages to their
Sweden-based airline Scandinavian Airlines System (SAS) said it will reduce payrolls by 8,600 jobs as part of its "Core SAS" restructuring
An international credit ratings agency has downgraded the creditworthiness of British bank Barclays LSE:
Starbucks Coffee is set to close 300 stores and lay off around 6,700 employees. The announcement came after a 69% drop in quarterly
American fast food chain McDonald’s is set to open up 1000 more stores during 2009 as part of its expected capital spending of US$2.1
The United Kingdom's flag carrier airline, British Airways (BA) has warned the markets that it will post a full year loss of up to £150
International steel conglomerate Corus Group is to axe 3,500 jobs
